Adani Enterprises , the flagship company of ports-to-energy conglomerate Adani Group, said it would raise 200 billion Indian rupees ($2.45 billion) in India's largest follow-on public offering of new shares.
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Dave, the flagship company of ports-to-energy conglomerate Adani Group, said it would raise 200 billion Indian rupees in India's largest follow-on public offering of new shares.
The proposed fund raise comes as the group led by Gautam Adani, the world's third richest person, aggressively expands into sectors such as cement and healthcare, amid some concerns about its elevated debt levels and large promoter shareholding.
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