365Telugu.com Online News, April 28th, 2023: Gautam Adani’s Adani Group is gearing up to raise around $800 million (around Rs 6500 crore). Adani Group is raising this money for new green energy projects. This could be the Adani Group’s biggest loan after the Hindenburg report of American short-seller firm came to light. The Hindenburg Report on Adani Group came out on 24 January 2023. After that, the shares of the listed companies of the Adani group fell sharply.
Adani Group is in touch with these big banks. The Gautam Adani-led group is said to be in talks with Mitsui Banking Corporation, DBS Bank Ltd, Mitsubishi UFJ Financial Group and Standard Chartered to raise funds. Market experts say that the size of the financing could be between $700 million and around $800 million. However, the size of the plan and financing are not on file at present.
Shares of Adani Enterprises have risen over 55 percent in 2 months. Shares of Adani Enterprises have gained over 55 percent in the last two months. Shares of the Adani Group flagship company are trading at Rs 1194.20 on BSE as on 27 February 2023.
Shares of Adani Enterprises traded on April 27th BSE at Rs. traded at 1853.80. There was also a huge recovery in Adani Ports shares. Shares of Adani Ports were trading at Rs 462 on BSE on February 2, 2023. closed at Rs.660.90 on BSE.