Billionaire Gautam Adani-controlled Adani group is closing in on a $3.5 billion loan to refinance existing debt that was taken out to fund the purchase of Ambuja Cements Ltd, in what would be the latest sign of confidence among creditors in the conglomerate.
The deal, which would be among the top 10 biggest loans in Asia this year, could be sealed this week, according to people familiar with matter, who asked not to be identified because the matter is private.
