Adani Energy Solutions launched a $1 billion qualified institutional placement, comprising a $700 million base deal and an option for an additional $300 million. Shares are priced at ₹976, a 13.24% discount. The funds will be used for subsidiaries’ capital expenditure, smart meters, debt repayment, and general corporate purposes. Key investors include international and domestic funds.
AMFI Reshuffle: Five midcap stocks that may get upgraded to largecap
Nuvama Institutional Equities expects five midcap stocks, including Bosch, Zydus Lifesciences and Lodha Developers, to move into the largecap category in AMFI’s H1 CY27 reclassification.