In a major bid to scale its digital footprint across India, the Gautam Adani-led Adani Group is actively seeking to raise roughly $1.5 billion through an offshore loan facility to fund its ambitious expansion in the data centre sector. The borrowing initiative is being undertaken via AdaniConneX, a 50:50 joint venture formed between the Indian conglomerate and global data centre operator EdgeConneX. To secure the proposed capital, AdaniConneX is currently engaged in multi-party negotiations with prominent international financial institutions, including DBS Group Holdings Ltd., First Abu Dhabi Bank PJSC, and Mitsubishi UFJ Financial Group Inc. Furthermore, the conglomerate is conducting parallel discussions with other major global lenders such as Natixis SA, ING Bank NV, and Societe Generale SA to participate in the offshore funding package. Sources familiar with the ongoing deliberations revealed under conditions of anonymity that active negotiations regarding facility pricing are underway, with the proposed debt carrying an estimated tenor ranging between five and seven years, though final terms have yet to be formalized. This massive debt setup forms a cornerstone of the Adani Group’s broader, long-term strategic commitment to deploy approximately $100 billion into data centres, telecommunications, and digital infrastructure assets by 2035, leveraging the massive synergy of its foundation energy business. The aggressive push mirrors a wider competitive surge across the Indian technology landscape, where peer industrial titan Mukesh Ambani’s Reliance conglomerate has similarly announced plans to channel up to $110 billion over seven years into next-generation artificial intelligence infrastructure. By accelerating the buildout of robust hyper-scale facilities, the Adani Group aims to capture exponential market demand for cloud computing and data storage, positioning itself as a dominant provider of foundational digital backbone services across the rapidly expanding South Asian technology market.
