<p><a href="https://www.deccanherald.com/tag/adani-group" target="_blank">Adani Group</a> has told creditors it has secured $3 billion (Rs 24,749 crore) loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns about its credit profile after a short-seller attack.</p>.<p>The credit line from the sovereign wealth fund could be upsized to $5 billion (Rs 41,251 crore), said the two sources, citing a memo that was circulated to participants as highlights of a three-day investor roadshow ending on Wednesday.</p>.<p>The identity of the sovereign wealth fund was not disclosed in the memo.</p>.<p>The sources declined to be identified as they were not authorised to speak with media.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/adani-plans-to-repay-up-to-rs-6500-cr-share-backed-loans-by-march-1195783.html" target="_blank">Adani plans to repay up to Rs 6,500 cr share-backed loans by March</a></strong></p>.<p>A spokesperson for Adani did not immediately respond to a Reuters request for comment.</p>.<p>The news of a fresh fundraising plan comes a day after Adani management told bondholders that it expected to prepay or repay share-backed loans worth $690 million to $790 million by end-March.</p>.<p>The plans are being unveiled as the group holds a fixed-income roadshow this week in Singapore and Hong Kong to shore up investor confidence amid steep share price falls and a regulatory probe.</p>.<p>Seven listed Adani Group companies have lost more than $140 billion in market value since a Jan. 24 report by Hindenburg Research alleged stock manipulation and improper use of tax havens, and flagged concerns over debt levels.</p>.<p>Adani has rejected the allegations and denied any wrongdoing. </p>
<p><a href="https://www.deccanherald.com/tag/adani-group" target="_blank">Adani Group</a> has told creditors it has secured $3 billion (Rs 24,749 crore) loan from a sovereign wealth fund, two sources with knowledge of the matter said, as the embattled conglomerate seeks to ease concerns about its credit profile after a short-seller attack.</p>.<p>The credit line from the sovereign wealth fund could be upsized to $5 billion (Rs 41,251 crore), said the two sources, citing a memo that was circulated to participants as highlights of a three-day investor roadshow ending on Wednesday.</p>.<p>The identity of the sovereign wealth fund was not disclosed in the memo.</p>.<p>The sources declined to be identified as they were not authorised to speak with media.</p>.<p><strong>Read | <a href="https://www.deccanherald.com/business/adani-plans-to-repay-up-to-rs-6500-cr-share-backed-loans-by-march-1195783.html" target="_blank">Adani plans to repay up to Rs 6,500 cr share-backed loans by March</a></strong></p>.<p>A spokesperson for Adani did not immediately respond to a Reuters request for comment.</p>.<p>The news of a fresh fundraising plan comes a day after Adani management told bondholders that it expected to prepay or repay share-backed loans worth $690 million to $790 million by end-March.</p>.<p>The plans are being unveiled as the group holds a fixed-income roadshow this week in Singapore and Hong Kong to shore up investor confidence amid steep share price falls and a regulatory probe.</p>.<p>Seven listed Adani Group companies have lost more than $140 billion in market value since a Jan. 24 report by Hindenburg Research alleged stock manipulation and improper use of tax havens, and flagged concerns over debt levels.</p>.<p>Adani has rejected the allegations and denied any wrongdoing. </p>