Adani hires banks to hold fixed-income investor calls

Bloomberg

Banks are setting up meetings with fixed-income investors over the next week on behalf of Adani Group, Adani Green Energy Ltd and Adani Transmission.
The calls are scheduled for February 16 and February 21, according to a person familiar with the matter. Barclays Plc, BNP Paribas SA, DBS Bank Ltd, Deutsche Bank AG, Emirates NBD Capital, ING Groep, MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are organising the calls. It’s unclear what will be discussed during the meetings.
The announcement comes after Adani Group companies said in a stock exchange filing that it faces no material refinancing risk and there is no near-term liquidity requirement. The company also has no significant debt maturing in the near term. There weren’t enough brokerages tracking the company to derive an average profit forecast.