Adani Hires Banks to Hold Investor Calls Amid Debt Turmoil (3)

Adani Group will kick off calls with bondholders Thursday as the beleaguered conglomerate seeks to reassure investors following a plunge in the price of its debt.

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 Feb. 16 and Feb. 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 N.V., MUFG, Mizuho, SMBC Nikko and Standard Chartered Bank are organizing the calls, said the person. ...