Adani in talks for $2-2.5 billion stake sales in 3 Group companies

May 12, 2023

This will be the first bid by the group to raise funds after having scrapped the $2.5-billion Adani Enterprises follow-on public offer (FPO) in February in the wake of the Hindenburg Research report. The fundraise will be a primary equity infusion that will be used for debt payment and long-term capital expenditure, said the people cited above.

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