Adani enterprises to raise $2 billion fundraiser

Adani enterprises to raise _2 billion fundraiser-01

Adani Enterprises, a leading Adani Group company, is in talks with at least half a dozen private and energy pension funds worldwide, such as Abu Dhabi Investment Authority (ADIA), Qatar Investment Authority (QIA), BNP.

Paribas arm and TotalEnergies SE, to raise up to $ 2 billion in stock sales. The proposed fundraising is part of Adani Group’s broader plan to make Adani Enterprises a ‘sustainable’ power base while eliminating carbon from the transport and industrial sectors and helping to achieve India’s green goals.

“The proposed retail price may be between 5-10%,” said bank sources. Other potential investors include the international infra-operated SNAM, Ontario Teachers’ Pension Plan and Apollo Global, two major investment sources said.

Source: https://economictimes.indiatimes.com/news/company/corporate-trends/adani-enterprises-in-talks-for-2-bn-mega-fundraise/articleshow/87317409.cms

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