In a recent investor meeting, Adani officials stated that the reduction in borrowing costs is due to several credit rating upgrades, a more stable earnings profile, and a resilient business model that has weathered external volatility.
Stock markets now seem to have digested the uncertainty related to global tariff wars on hopes of lesser disruption and trade agreements by major economies.
A promoter of Gravita India on Friday divested a 3.4 per cent stake in the company for Rs 498 crore through an open market transaction.
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