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.
LME approves Adani’s major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper