Adani may raise $3bn in a share sale to institutional buyers as it looks to make a comeback following a report of accounting fraud and stock price manipulation by a US short seller. Gautam Adani’s group may raise up to $1bn through Adani Green Energy alone, with Adani Enterprises and Adani Transmission also approved to raise funds. The fundraising could be completed by the second quarter as the group seeks to fund expansion projects. Investors from Europe and the Middle East are said to have expressed strong interest.
Private sector banks set to generate Alpha in 2025: Radhika Gupta
Radhika Gupta of Edelweiss MF highlights the re-rating of India’s stock market, particularly noting the potential in consumption stocks despite their higher PE multiples. She
February 6, 2025