#adanigroup #adanienterprisesshareprice #shareholder #raisingfunds #gautamadani
Adani Enterprises will be raising funds for the first time after the Hindenburg controversy. The board of the Gautam Adani-run company approved a ₹16,000-cr fund-raise via qualified institutional placement (QIP) in the last week of May and the proposal is set to get shareholder approval in the company’s Annual General Meet (AGM). Adani Enterprises had received board approval to raise ₹12,500 crore through a QIP in May 2023, but chose not to proceed with the fundraising at that time. The stock has now recovered all the losses incurred during last year's Hindenburg crisis, which had led the company to cancel its ₹20,000 crore follow-on public offer (FPO). Adani Enterprises announced a consolidated net profit of ₹451 crore for Q4 FY24, a 38% decline compared to the ₹722 crore profit reported during the same quarter of the previous year.
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Негізгі бет Gautam Adani Address To Shareholders On The Occasion Of Adani Enterprises AGM
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