Gautam Adani will sell shares of these Three companies to raise 24733 crores.

Adani Group Latest News

Recovering from the Hindenburg Report, Gautam Adani is continuously seen strengthening his position.

Adani Group is going to raise more than $ 3 billion by selling shares of its three companies under a big plan.

Adani Group will sell shares of Adani Enterprises, Adani Transmission, and Adani Green Energy to institutional investors.

The board members of Adani Enterprises and Adani Transmission have approved the sale of shares to institutional investors.

There is a plan to raise $ 2.5 billion through the sale of shares of Adani Enterprises and Adani Transmission.

Along with this, Adani Group has made a plan to raise $ 1 billion from the sale of shares of Adani Green Energy.

According to the report, the board of Adani Green may also approve the proposal for the sale of shares in the coming days.

Mkt cap: 2.84LCr P/E ratio: 114.60 Div yield: 0.048% 52-wk high: 4,190.00 52-wk low: 1,017.45

Adani Enterprises share details:

Mkt cap: 91.12TCr P/E ratio: 73.47 CDP score: D 52-wk high: 4,236.75 52-wk low: 631.50

Adani Transmission share details:

Mkt cap: 1.57LCr P/E ratio: 183.55 CDP score: C 52-wk high: 2,572.00 52-wk low: 439.10

Adani Green share details:

According to analysts, Adani Group can use this amount raised from the sale of shares to meet its capital expenditure.