Adani Enterprises shares are up following Sebi’s clearance of stock manipulation allegations. This boosted investor confidence. Jefferies maintains a Buy rating, citing growth drivers like the Navi Mumbai International Airport. Green energy expansion also adds momentum. The regulatory clearance comes after Hindenburg’s report triggered a sell-off. Despite the rally, the stock is still down over the past year.
Capri Global eyes up to $500 million offshore bond issue
Capri Global Capital is venturing into international markets for the first time, planning to raise $300-500 million through overseas bonds. This move aligns with other