The Adani Group is reportedly in advanced discussions with Mitsubishi UFJ Financial Group (MUFG) to raise approximately $250 million in offshore loans, signaling a renewed wave of investor confidence in the Indian conglomerate.
According to sources familiar with the matter, two key units of the group – Adani Ports and Special Economic Zone Ltd. and Adani Airport Holdings Ltd. – are leading the talks. The deal structure indicates that Adani Ports aims to raise about $100 million, while Adani Airports is targeting $150 million.
If finalized, this would be MUFG’s first bilateral loan deal with Adani since the U.S. Department of Justice’s November indictment involving Gautam Adani in an alleged bribery case. The development reflects a shift in sentiment as global lenders begin re-engaging with the group.
In May, Adani Ports had already secured a $150 million loan from DBS Group Holdings Ltd., suggesting a strategic move by the conglomerate to tap into bilateral lending arrangements. The group is also said to be in discussions with other Japanese financial institutions for further funding.
While both Adani Group and MUFG have yet to comment officially on the matter, the potential loan deal signals a critical step in the group’s ongoing efforts to restore international financial confidence and support infrastructure expansion across ports and airports in India.
