Adani Enterprises Ltd., has raised nearly $1.02 Billion with the help of issuing preferential shares to the Abu Dhabi-based firm. Adani Green Energy Ltd. and Adani Transmission Ltd, too, have received 38.5 billion rupees. After the investment, the shares of Adani Transmission, Adani Enterprises, and Adani Green, rose to nearly, 3.7%, 3.4%, and 7.2%.
“Adani group’s green portfolio as well as India’s commitment to clean energy make it a compelling proposition for investors,” said Deven Choksey, managing director at KRCHoksey Investment Managers Pvt. “Besides giving Adani equity money to invest in new initiatives such as green hydrogen, it can also help the group tap the solar-rich market of Middle East.”
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Adani Group