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NEW DELHI: Billionaire Gautam Adani‘s group will raise Rs 21,000 crore (over $2.5 billion) through share sale in two group companies in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short-seller.Adani Enterprises Ltd, the group’s flagship firm, plans to raise Rs 12,500 crore while electricity […]

Adani to raise Rs 21,000 crore from share sale in two group companies Read More »

NEW DELHI: Adani Transmission said its board on Saturday approved a plan to raise up to 85 billion rupees ($1.0 billion) from the market.The fund raising plan from one of the Adani Group companies comes months after a report from U.S.-based short-seller Hindenburg Group battered investor confidence and drove share prices of the group down.Adani

Adani Transmission’s board approves plan to raise up to $1 billion Read More »