Big news about Adani group, group will raise $3.5 billion by selling shares of three companies
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Big news about Adani group, group will raise $3.5 billion by selling shares of three companies.Industrialist Gautam Adani’s group is planning to raise $3 billion by selling shares of its three companies to institutional investors. The group (Adani Group) has suffered huge losses after the allegation of fraud in the report of Hindenburg Research, an American financial research and investment company. After that the group is engaged in strengthening its position through various measures. According to sources, the capital will be raised by issuing shares to eligible institutional buyers.
According to sources related to the matter, investors from Europe and West Asia have shown good interest in it. Some of the existing investors may accept the offer and some new investors may also join. The capital raising process may be completed in the second quarter (July-September) of the collection current year. Big news about Adani group, group will raise $3.5 billion by selling shares of three companies
Sources said that while the boards of group flagship companies Adani Enterprises Ltd and Adani Transmission Ltd have already approved raising $2.5 billion (Rs 21,000 crore) by selling shares to eligible institutional investors, Adani Green Energy Ltd’s director The board may give approval to raise $1 billion in a week or two. He informed that after the approval of the Board of Directors, Adani Enterprises Limited and Adani Transmission Limited have sought approval from the shareholders.Big news about Adani group, group will raise $3.5 billion by selling shares of three companies
The board of directors of Adani Green Energy Limited may meet in the first or second week of June to approve it. The group can raise a total of $ 3.5 billion. This will enable the group to meet its capital expenditure. The capital raising process may be completed in the second quarter (July-September) of the collection current year.
Big news about Adani group, group will raise $3.5 billion by selling shares of three companies
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