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Banks such as Barclays, Deutsche, and StanChart are in talks to participate in the refinancing deal, 'Bloomberg' reported. The deal is not yet finalised, but if it moves ahead, it would be Adani Group's first major debt refinancing deal after the Hindenburg saga.
Although the Adani Group in its response to Hindenburg's allegations claimed that Vinod Adani, the business tycoon's elder brother, has no official role and is not a related party, investigations reveal something else.