Mint TOTM: Adani's $10-billion expansion plan, decoded
New Delhi, July 7 -- Just weeks after drawing a line under its major US legal troubles, the Adani Group has wasted little time returning to what it does best-raising capital for big-ticket expansion. In the span of a week, the conglomerate lined up nearly $10 billion through equity raises, stake sales and strategic partnerships-giving an early boost to its ambitious $100 billion investment plan through 2030.
The deals include a record Rs.15,000 crore QIP by Adani Enterprises Ltd., a planned Rs.10,000 crore fundraise by Adani Energy Solutions, a stake sale in the Vizhinjam port to Mediterranean Shipping Co., and an $11.5-billion aluminium joint venture with Abu Dhabi's IHC Group. Together, they rank among the largest capital-raising exerc...
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