BlackRock has invested $250 million in the Adani Group’s $750 million private bond issuance, marking its first private placement in India’s infrastructure sector.
The bonds carry a tenure of 3 to 5 years. This significant investment, representing one-third of the total issuance, underscores BlackRock’s growing confidence in India’s infrastructure growth. The move comes despite ongoing scrutiny of Adani Group officials following a U.S. Department of Justice bribery investigation last year. With $12 trillion in assets under management, BlackRock’s entry signals strong global investor interest in India’s infrastructure landscape.