read more. : The world's third richest man is lobbying sovereign wealth funds to raise around $5 billion in equity to reduce leverage. What Happened: Indian billionaire Gautam Adani's conglomerate has reached out to investors, including Mubadala Investment Co. and Abu Dhabi Investment Authority, Bloomberg reported, citing anonymous sources familiar with the matter. The report added that the group has also approached Qatar Investment Authority and pension funds, including Canada Pension Plan Investment Board. It is also courting interest from funds linked to Abu Dhabi Ruler's Representative Sheikh Tahnoon Bin Zayed Al Nahyan and the sovereign wealth fund ADQ.

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