On November 3, according to sources familiar with the matter, the Adani Group—controlled by India’s richest man, Gautam Adani—is seeking approximately $1.5 billion in offshore loans to support the expansion of its data center business. AdaniConneX Pvt., its joint venture with data center operator EdgeConneX, is in financing talks with DBS Group, First Abu Dhabi Bank, Mitsubishi UFJ Financial Group, and others. Adani plans to invest about $100 billion in data centers and digital infrastructure by 2035, leveraging its energy business to broaden its reach. Reliance Group, owned by Indian billionaire Mukesh Ambani, also plans to invest up to $110 billion over the next seven years in building AI-related infrastructure.