The FPO could result in the stakes of promoters led by Gautam Adani falling by 3.5%. As of September 2022, the promoters owned 72.63% of Adani Enterprises, while the remaining 27.37% was with public shareholders. Life Insurance Corporation held 4.03% among the public shareholders, while Nomura Singapore, APMS Investment Fund, Elara India Opportunities Fund, and Lts Investment Fund owned stakes between 1% and 2%.
US stocks: US market drops as Trump’s rejection of Iran peace plan lifts oil prices
Following President Trump’s dismissal of Iran’s peace proposal, US market indexes experienced a downward trend, spurred by a notable surge in crude prices. This escalation