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AdaniConneX in talks with global banks for $1.5 billion loan: What will the funds finance?
Mint 1 hr ago·3 Nov 2026, 5:01 pm
AdaniConneX, a joint venture between the Adani and Reliance groups, is reportedly in advanced discussions with global banks to secure an offshore loan of approximately $1.5 billion. This significant funding is earmarked to support the expansion of its data centre business, a key area of focus as the two conglomerates accelerate their investments in digital infrastructure.
This move matters to investors because it highlights the massive capital requirements and strategic importance of India's digital infrastructure sector. As demand for computing power grows, the successful deployment of these funds will be a critical indicator of the sector's long-term growth potential and the operational progress of these major players.
Investors should watch for updates on the finalization of the loan and the specific timeline for the data centre projects. The execution of these plans will provide further insight into the scalability of the digital infrastructure market in India.
Excerpt from Mint
The Adani Group plans to borrow around $1.5 billion in order to finance its data centres, Bloomberg reported citing people familiar with the matter. AdaniConneX Pvt, which is a joint venture between the conglomerate and data centre operator EdgeConnex, is in talks with lenders like DBS Group Holdings Ltd., First Abu…Read the original at Mint
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