Login

News Post

Adani Enterprises’ $1.3 billion stake sale expected to start early next week: Report | Mint

LivemintLivemint · 28d
Adani Enterprises’ $1.3 billion stake sale expected to start early next week: Report | Mint

- Adani Enterprises is planning to launch a share sale as early as next week, aiming to raise about $1.3 billion through a qualified institutional placement. - The share sale will mark Adani Enterprises' return to public equity markets following a scathing short-seller report in 2023. - The company received board approval in May to raise up to $2 billion through various methods, including a share sale to institutions. - Adani Enterprises' successful share sale will serve as a vote of investor confidence for the conglomerate. - ICICI Securities, Jefferies Financial Group, and SBI Capital Markets are assisting Adani Enterprises with the share sale. - Adani Enterprises' shares have risen 12% this year, but are still about 7% below pre-short-seller report levels.

View Source

Comments

More Like this

Sensex, Nifty decline in early trade; Adani group stocks slump

Sensex, Nifty decline in early trade; Adani group stocks slump

Adani Enterprises to transfer Adani Wilmar stake to its shareholders | Mint

Adani Enterprises to transfer Adani Wilmar stake to its shareholders | Mint

Adani promoter buys 2.22% in flagship AEL for ₹6,000 crore

Adani promoter buys 2.22% in flagship AEL for ₹6,000 crore

Adani family plans to raise $3.6 bn via promoter share sales

Adani family plans to raise $3.6 bn via promoter share sales

Adani acquires 50.5% stake in IANS, making presence stronger in media sector

Adani acquires 50.5% stake in IANS, making presence stronger in media sector

Adani tells investors sale of overseas bond worth $409 million due next week

Adani tells investors sale of overseas bond worth $409 million due next week

Adani Enterprises in talks with Gulf-based sovereign funds to raise $2 billion through QIP: Report | Mint

Adani Enterprises in talks with Gulf-based sovereign funds to raise $2 billion through QIP: Report | Mint

Stock Radar: Welspun Enterprises, Zomato, BSE, Apollo Hospitals, Biocon, Lupin in focus on Monday

Stock Radar: Welspun Enterprises, Zomato, BSE, Apollo Hospitals, Biocon, Lupin in focus on Monday

Vodafone to sell entire Indus Towers stake worth $2.3 billion via block deals next week: Report

Vodafone to sell entire Indus Towers stake worth $2.3 billion via block deals next week: Report

Adani Group gets ready to raise up to ₹40,000 crore from retail investors, aims to hedge risks: Report | Mint

Adani Group gets ready to raise up to ₹40,000 crore from retail investors, aims to hedge risks: Report | Mint

Download the medial app to read full posts, comements and news.