Billionaire Adani’s firms weigh raising up to Rs 41,000 cr
Three companies controlled by billionaire Gautam Adani are considering a fundraising that may draw as much as Rs 41,000 crore ($5 billion), according to people familiar with the matter, in a pivotal test of investor confidence in the tycoon’s empire less than four months after a scathing short seller report plunged it into crisis.
Adani Enterprises Ltd., the flagship, as well as Adani Green Energy Ltd. and Adani Transmission Ltd., may raise between Rs 25,000 crore ($3 billion) and Rs 41,000 crore ($5 billion) for a war chest to bolster the businesses, the people said, asking not to be identified as the information is private.
