12 Jul 2023 , 11:40 AM
Adani Enterprises has raised Rs 1,250 crore by issuing 125,000 non-convertible debentures (NCDs) through a private placement, as stated in a regulatory filing.
Gautam Adani, the founder of Adani Group, is reportedly planning to bid for coal-fired power plants currently under auction, as stated by sources. As part of the bid, Vidarbha Industries Power Ltd, a company operating 600-megawatt generation facilities in central India, is included.
As per data, If the bid is successful, it would expand Adani Group’s portfolio in the power sector, further strengthening its presence in the coal power projects. Adani Group is also considering potential bids for Adani Capital, a shadow bank, with Bain Capital and Carlyle Group Inc. among the potential bidders.
The conglomerate recently announced raising over $9 billion in the past four years from global investors, including Qatar Investment Authority (QIA) and GQG Partners (GQG). Various listed entities within the Adani Group attracted the investments.
In May, Adani Group’s board approved a proposal to raise Rs 12,500 crore through a share sale, aiming to bolster their financial position and focus on key business ventures.
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