Adani Enterprises Ltd, the flagship firm of billionaire Gautam Adani's conglomerate, on Tuesday said its board has approved raising up to Rs 16,600 crore (about USD 2 billion) through share sale.
The announcement came a day after the group's power utility Adani Energy Solutions Ltd got a similar approval for raising up to Rs 12,500 crore via qualified institutional placement (QIP) or through any other permissible modes.
The fundraising may happen in one or more tranches, Adani Enterprises said in a stock exchange filing.
Both the companies will need other approvals including from shareholders.
While Adani Enterprises Ltd has called a shareholder meeting on June 24 for approving the fund raise, Adani Energy Solutions Ltd's annual general meeting (AGM) is scheduled the next day.
Esta historia es de la edición May 29, 2024 de The Free Press Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor ? Conectar
Esta historia es de la edición May 29, 2024 de The Free Press Journal.
Comience su prueba gratuita de Magzter GOLD de 7 días para acceder a miles de historias premium seleccionadas y a más de 9,000 revistas y periódicos.
Ya eres suscriptor? Conectar
From past to progress
Ayodhya's evolution through infrastructure development
Peek into traditional economic system
Sandeep Singh goes deep into the old economic system of India which started in and revolved around temples
THOUGHT-PROVOKING AND HEART-WARMING
Over the past few months, I have been fixated with books about books, readers, librarians, bookshops, or the publishing industry at large.
Mahatma Gandhi as a cricketer
Whatever said and done by Gandhi really helped India to attain Independence from British rule finally.
Culture or agri-Culture!?
It's that magical time of the year when the air is full of excitement, joy, and the aroma of delicious sweets.
The industrial impact Of beehive inspired packaging
Abhinav Tanksale, Founder, www.myphysicscafe.com, shares insights into the commonalities between beehives and packaging
HOW TO BE TRULY INTERESTING
True depth comes from lived experience, not the props we carry or the knowledge we consume
CONFUSION ON THE SPIRITUAL PATH
It is very important on the spiritual path that you never try to get to some particular “place”, because the moment you want to get to something in particular, your mind will start creating a “place”.
Gandhi: How relevant is he today?
Gen Z weighs in on Gandhi's legacy, exploring the relevance of his principles in a modern world
Gordon-Levitt set to visit IFP
Joseph Gordon-Levitt to visit India for the 1st time and set to speak at IFP Season 14 opening session
