17-April-2024
Corporate News
 
Adani Enterprises to raise Rs 20,000 crore in India’s biggest FPO for green, digital businesses
26-Nov-2022

The Board of Adani Enterprises (AEL) on Friday approved the raising of Rs 20,000 crore in the country’s largest follow-on public offering (FPO) of new shares, beating Yes Bank’s Rs 15,000-crore issue in 2020. The proposed fund raise comes as the group led by Gautam Adani aggressively expands into sectors such as cement and healthcare, amid some concerns about its elevated debt levels and large promoter shareholding.

News Source:- https://www.financialexpress.com/market/adani-enterprises-to-raise-rs-20000-crore-in-indias-biggest-fpo-for-green-digital-businesses/2892423/
 
 
 

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