Adani to raise Rs 21,000 crore from share sale in two group companies
NEW DELHI: Billionaire Gautam Adani’s group will raise Rs 21,000 crore (over $2.5 billion) through share sale in two group companies in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short-seller.Adani Enterprises Ltd, the group’s flagship firm, plans to raise Rs 12,500 crore while electricity … [Read more…]