BlackRock's Major Investment in Adani Group

NEW DELHI: In a significant move, BlackRock, the global investment giant managing $12 trillion in assets, has become the largest subscriber to the Adani Group's $750-million private bond issuance. This marks BlackRock's first private placement in India's infrastructure sector, showcasing its growing confidence in this segment.

Details of the Bond Issuance

The bond issuance, which carries a tenure of 3-5 years, saw BlackRock taking on one-third of the total amount. This investment comes at a critical time when Adani Group officials are under scrutiny following a US Department of Justice (DOJ) indictment in a bribery case last November.

Strategic Move by BlackRock

BlackRock's investment is seen as a strategic move into India's infrastructure sector, a segment the firm is increasingly bullish on. This development highlights the growing interest of global investors in India's infrastructure and financial markets.