Adani Enterprises is set to launch its largest fundraising yet, a ₹25,000 crore rights issue. This will be spread over six to eight months in four tranches. The company plans to use a significant portion to repay loans from its promoters. This move will free up capital for future debt. The rights issue details are expected soon.
Waaree Energies shares crash 5%. Can this US ruling dent solar panel maker’s image for long?
Waaree Energies shares fell nearly 5% after a US Customs ruling triggered concerns over reputational impact despite the company’s clarification. JM Financial retained its ‘Add’