Adani's flagship co eyes $1.8bn from share sale

Adani Enterprises, the flagship firm of Asi-a’s richest person, is considering issuing at least $1.8 billion in new shares, according to people familiar with the matter.

Billionaire Gautam Adani’s conglomerate is working with advisers on the follow on issue and could sell the shares as soon as next year, the people said, asking not to be identified as the information is private. The sale could even raise as much as $2.4 billion, one of the people said.