New Delhi: Funds managed by Blackrock, Global Investment Beamoth, emerged as the largest customer to issue a private bond of $ 750 million by Adani Group.
The US-based asset manager, overseeing $ 12 trillion in the property, is taken at a third of releasing $ 750 million, which borres a 3-5-year term, stated with direct knowledge of the case.
This investment comes at a time when Adani Group officials are investigating the US Department of Justice (DOJ) in a bribery case in November last year.
Blackrock’s move marks its first private placement in India’s infrastructure region – a section firm is growing rapidly.
