However, the long-term drivers of India’s growth are very strong, the balance sheets of the Corporates, Banks, Govt, and Individuals remain in excellent shape, infrastructure development continues to grow strong and manufacturing focus should help the growth.
Adani’s Cemindia is said to near up to $524 million share sale
Adani Group-backed Cemindia Projects, formerly known as ITD Cementation India, is preparing to launch a qualified institutional placement (QIP) to raise up to Rs 5,000