Adani Enterprises Limited in talks with Gulf sovereign funds, GQG to raise funds

The Gautam Adani flagship company, which wants to raise $2 billion through qualified institutional placement, launched the first tranche of the QIP on Wednesday, setting the floor price for the $500 million issue at Rs 3,117.48 per share.

9 October, 20242 min
0
Adani Enterprises Limited in talks with Gulf sovereign funds, GQG to raise funds

You may also like

Internet
Story image

In India’s Lenskart IPO, a success for ADIA

The sovereign wealth fund’s big bet on the Indian eyewear company, Microsoft’s AI win in the Emirates and other updates from the week.

Business
Story image

India Inc reports bleak Q2 results on Tuesday

Losses widen for IndiGo and MobiKwik. Adani Enterprises and Indian Hotels Company see their profit dips.

Business
Story image

Conglomerates, duopolies and domination hamper India

The domination of a few business groups—conglomerates—is a defining feature of the country’s economy. This has been enabled by policy, leading to stifled innovation and hindered progress. All of this, in turn, exacerbates inequalities.