Ahmedabad: Adani Enterprises Limited (AEL) on Thursday said it has successfully raised $500 million (about Rs 4,200 crore) primary equity via qualified institutional placement (QIP) to further its growth plans. The flagship company of the Adani Group completed the QIP of face value of Rs 1 each, aggregating to Rs 4,200 crore. A total of … Read more
Mumbai: US-based shortseller Hindenburg Research alleged late on Saturday that Madhabi Puri Buch, chairperson of India’s markets regulator, the Securities and Exchange Board of India (Sebi), and her husband, Dhaval Buch, had investments in obscure offshore entities part of foreign money flows linked to Adani group that is the subject of a Sebi investigation. In … Read more
Mumbai: Adani Energy Solutions Ltd (AESL) on Monday, May 27, said that its board has approved raising funds not exceeding Rs 12,500 crore through Qualified Institutional Placement (QIP) or other permissible modes in accordance with the applicable laws, in one or more tranches. In a regulatory filing, the company said that the fundraising is “subject … Read more
