<ul data-eligibleForWebStory="false"><li>IndianOil-Adani gas, a joint venture, plans to raise $161 million through exchangeable-bonds in four tranches via convertible debentures.</li><li>The company aims to defer equity dilution and benefit from potentially more favorable valuations in the future.</li><li>Chinese companies have recently utilized similar equity-linked deals amid market volatility and high interest rates.</li><li>IndianOil-Adani Gas aims to raise capital for natural gas projects amidst government plans to increase natural gas share in the energy mix.</li></ul>

IndianOil-Adani gas plans $161 million exchangeable-bond sale

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