AdaniConneX in the final stage of discussion with banks to raise $900-950 million

AdaniConneX is reportedly in talks to be in the final stage of discussions to raise $900-950 million through a six-year offshore loan from a group of eight lenders, including MUFG Bank, Sumitomo Mitsui Banking Corporation (SMBC) and Standard Chartered Bank.

AdaniConneX is looking to set up 1 gigawatt (GW) of data centre capacity over the next decade in Hyderabad, Chennai, Noida and Pune. The company needs to raise $5 billion by 2030 for this project.

The other lenders in the loan syndicate are Societe Generale, Natixis, ING Bank, Intesa and KfW.