Adani Energy Solutions launched a $1 billion qualified institutional placement, comprising a $700 million base deal and an option for an additional $300 million. Shares are priced at ₹976, a 13.24% discount. The funds will be used for subsidiaries’ capital expenditure, smart meters, debt repayment, and general corporate purposes. Key investors include international and domestic funds.
Market Trading Guide: Tata Steel and Uno Minda are stock recommendations for Monday
Indian benchmark indices ended in the red on Thursday dragged by auto, IT and metal bank stocks. While Nifty closed at 22,397.20, down by 73.30