Data centre provider AdaniConneX, a joint venture with Virginia-based EdgeConneX, will use the borrowed money over a span of five years, which is the tenor under discussion, the news agency reported citing people aware of the matter.
The loan is likely to be finalised in the next few weeks, the report said.
Adani Group hasn’t made an official statement on the matter and didn’t respond to the queries by Bloomberg News.
Hindenburg's January 24th report triggered a massive decline of over $100 billion in the shares' value of the listed companies of the ports-to-power conglomerate, forcing the group to scale down some of its previously ambitious expansion plans.