July 16, 2023
3 min

Adani Group Brings More Investment Partners To India's Infrastructure Story - NDTV

The Adani Group has raised Rs 11,330 crore ($1.38 billion) through stake sales in three group companies, bringing the total capital raised over four years to $9 billion. The conglomerate plans to use the funds to support its 10-year roadmap for capital management and fulfill near-term debt and equity commitments. Adani Enterprises Ltd aims to raise Rs 12,500 crore, Adani Transmission intends to raise Rs 8,500 crore, and the renewable energy firm plans to raise Rs 12,300 crore through primary issuances. The group has attracted investments from global investors, including Qatar Investment Authority and TotalEnergies.

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Adhikansh Gupta
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Writer and editor who covers the latest trends and innovations in the software-as-a-service (SaaS) industry