adani enterprises share sale: Adani flagship’s $1.3 billion share sale said to start next week

adani enterprises share sale: Adani flagship’s .3 billion share sale said to start next week

Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023 derailed a previous plan.Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and … Read more

budget impact on markets: Infrastructure stocks mixed as Budget lives up to Dalal Street expectations

budget impact on markets: Infrastructure stocks mixed as Budget lives up to Dalal Street expectations

MUMBAI – Stocks in the infrastructure space were mixed, with most of them largely unmoved as the announcements in the interim Budget for FY25 were largely on expected lines. For 2024-25 (April-March), the government has increased the total capital outlay by 11% to Rs 11.1 lakh crore, which was largely expected. This is likely to … Read more