Billionaire businessman Gautam Adani is in discussions with investment groups and funds from the Middle East, including members of the family of Sheikh Tahnoon bin Zayed Al Nahyan, for financing support of up to $2 billion for the acquisition of the listed ACC and Ambuja, Holcim’s twin cement assets in India, multiple sources aware of the talks told ET.This is part of a unique acquisition and financing structure the Ahmedabad-based conglomerate is putting in place for the potential $7.5-billion buyout of the two listed cement companies, cumulatively the second largest in India that ranks next only to China in both global output and consumption. ACC is also India’s oldest manufacturer of the primary building material, and is a step-down subsidiary of Ambuja Cements that’s directly controlled by the European cement major.91355725Sheikh Tahnoon bin Zayed Al Nahyan belongs to the ruling family of the United Arab Emirates.Adani is likely to use a group entity based in Dubai as the principal vehicle for the transaction, people privy to the plans told ET. This entity will float a special purpose vehicle (SPV) where the Adani family, as promoters, will infuse $1.25-1.5 billion as equity. A similar amount, likely in the form of structured equity, is expected from the Middle East investor group the Adani family is engaged with. Together, this vehicle will be capitalised to the tune of $3 billion.This approximately $3 billion in turn will become the equity of another drop-down SPV in which global banks, such Deutsche Bank, Barclays and Standard Chartered Bank, are expected to lead the funding of another $4.5 billion as acquisition financing. Adani is expected to provide letter of comfort to the banks as well if the need arises. Besides the three, other banks will join the financing consortium subsequently for share financing.Different investors, lenders have different risk appetite and threshold. So a multi-layered structure helps to lever up more while simultaneously offer comfort. Whoever is taking the bigger risk will obviously seek the best return on their investments, explained another official involved.Adani Group became India’s third conglomerate to cross $200 billion in market capitalisation with the shares of five of its seven listed companies soaring to all-time highs late last month.