We believe there might be both time and price-wise correction in the days to come. As we have previously seen, DIIs are buying at every dip in the market, so the downside may be limited, said Dr Ravi Singh, Senior Vice President, Retail Research at Religare Broking. This analyst spells-out strategy in previous week’s major … Read more
Shares of Adani Energy Solutions surged nearly 10% on Thursday after the $1-billion qualified institutional placement (QIP) was oversubscribed six times, garnering a demand of over Rs 50,000 crore according to an ET report. The stock also hit a fresh 52-week high of Rs 1,250 on the NSE amid significant volume, when 1.27 crore shares … Read more
Benchmark equity indices Sensex and Nifty eked out gains in volatile trade to settle at record high levels on Tuesday, extending their gaining streak to the third day. In today’s trade, shares of Maruti, M&M, Tata Consumer, Adani Energy, Vedanta will be in focus due to various news developments and first quarter results. Maruti, M&M, … Read more
Adani Energy Solutions launched a qualified institutional placement (QIP) on Tuesday to raise $1 billion (₹8,373 crore), showed a term sheet issued by the bankers. The issue comprises a base deal of up to ₹5,861 crore ($700 million) and a greenshoe option to upsize by up to an additional ₹2,512 crore ($300 million). The company … Read more
Gautam Adani’s power transmission unit has selected investment banks to arrange a share sale that could raise at least Rs 50 billion ($597 million), according to people familiar with the matter. Adani Energy Solutions Ltd. are working with advisers including ICICI Securities Ltd., Jefferies Financial Group Inc. and SBI Capital Markets to prepare for the … Read more
MUMBAI, – India’s Adani Energy Solutions is planning to raise around $400 million-$500 million through a private placement of bonds for which it is in early talks with U.S. institutional investors, a company source and a banker aware of the plan said. “The deal will materialise in the next three months and we are seeing … Read more
