ADANI FAMILY PLANS $1BN INVESTMENT IN GREEN UNIT

Billionaire Gautam Adani and his family plan to inject $1 billion into the group's renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals while facing maturing bonds next year. Adani Green Energy aims to issue preferential shares to the company's founders for meeting expansion and refinancing needs, according to people familiar with the discussions who didn't want to be identified as the talks are private. An Adani Group representative didn't offer an immediate comment on the founders' investment.

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