This will be the first bid by the group to raise funds after having scrapped the $2.5-billion Adani Enterprises follow-on public offer (FPO) in February in the wake of the Hindenburg Research report. The fundraise will be a primary equity infusion that will be used for debt payment and long-term capital expenditure, said the people cited above.
Gold trading hits $298 billion daily in March, says WGC report
Gold’s daily trading volume surged to $298 billion in March 2025, reinforcing its status as a highly liquid, resilient asset. The World Gold Council highlights