Four subsidiaries of India's Adani Green Energy plan to raise up to $1 billion by issuing U.S. dollar-denominated bonds, two merchant bankers involved in the deal said on Tuesday. The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month,

Four subsidiaries of India’s Adani Green Energy will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said, speaking on condition of anonymity as they are not authorised to speak to the media.

The companies will issue bonds with a maturity of 20 years in one or more tranches starting this month, the bankers said

India's Adani Airport Holdings has raised 19.5 billion rupees ($232.72 million) via the biggest domestic bond issue since U.S. short-seller Hindenburg Research accused its parent group of improper use of offshore tax havens and stock manipulation.