New Delhi: Billionaire Gautam AdaniThe port-to-energy group is looking to raise around $3 billion through equity share sales to institutional investors in a comeback strategy after being hit by the damaging Hindenburg report.
while the board Adani Enterprisesthe flagship firm of the group, and Adani Transmission It has already been approved to raise up to Rs 21,000 crore (over $2.5 billion) through share sale to qualified institutional investors. Adani Green Energy Sources said it is likely to do so in the next few weeks to raise up to $1 billion.
Following the board’s approval, Adani Enterprises and Adani Transmission have sought shareholder approval. He said that the board of Adani Green Energy may meet in the first or second week of June to approve the fundraising.
The entire fund raising of $3.5 billion to meet the group’s capex requirements is likely to be completed in the September quarter. Sources said investors from Europe and the Middle East have shown a lot of interest in it.
GQG Partners, which invested $1.9 billion in four Adani Group companies in March, may also join. agencies
while the board Adani Enterprisesthe flagship firm of the group, and Adani Transmission It has already been approved to raise up to Rs 21,000 crore (over $2.5 billion) through share sale to qualified institutional investors. Adani Green Energy Sources said it is likely to do so in the next few weeks to raise up to $1 billion.
Following the board’s approval, Adani Enterprises and Adani Transmission have sought shareholder approval. He said that the board of Adani Green Energy may meet in the first or second week of June to approve the fundraising.
The entire fund raising of $3.5 billion to meet the group’s capex requirements is likely to be completed in the September quarter. Sources said investors from Europe and the Middle East have shown a lot of interest in it.
GQG Partners, which invested $1.9 billion in four Adani Group companies in March, may also join. agencies