The stake has been acquired by Envestcom Holding RSC. Envestcom holds stakes in other Adani companies such as Adani Energy Solutions and Adani Total Gas. As of December 2024, Envestcom Holding held 55,200,000 shares in Adani Energy Solutions, representing a 4.60% stake and 54,593,600 shares in Adani Total Gas, representing a 4.964% in the company.
Shifting Gears: PSBs borrow more to cater to credit demand as deposits lag
Public sector banks are borrowing more to fund lending expansion. Deposits are not keeping pace with credit growth for these banks. Private banks show stronger