Mumbai, April 9 -- Adani Green Energy Ltd. is currently involved in discussions to secure around $400 million via an overseas loan, as part of its efforts to finance an upcoming renewable project, media reports said

According to Bloomberg, the foreign currency loan may span from seven to ten years, with its pricing likely tied to the Secured Overnight Financing Rate.

Bloomberg reported citing anonymous sources that the company, a subsidiary of billionaire Gautam Adanis conglomerate, is negotiating with a consortium of banks, which includes Mitsubishi UFJ Financial Group Inc., First Abu Dhabi Bank PJSC, Standard Chartered Bank, and Sumitomo Mitsui Financial Group Inc.

This fundraising initiative underscores the Adani Groups ongoing effo...