Indian billionaire Gautam Adani’s conglomerate took a group of local bond arrangers on a site visit last week, people familiar with the matter said, after gearing up to sell up to 150 billion rupees ($1.8 billion) worth of debt amid lingering concerns about its corporate governance.
The Adani Group flew the bankers to Mundra in Gujarat to showcase the infrastructure of India’s largest private port and elaborate on the conglomerate’s strong financial conditions and expansion plans, said the people who requested anonymity discussing private matters.