As per the market data, up to 110 million shares, or about 2% of the company’s outstanding equity, became tradeable. The increase in free float revived near‑term supply concerns, weighing on the stock even as brokerages maintained a constructive view on the company’s longer‑term prospects.
Adani Electricity Mumbai secures sovereign-grade rating after years of deleveraging
Adani Electricity Mumbai has secured a AAA credit rating from India Ratings, placing the private utility on par with India’s sovereign credit profile. The upgrade