Adani Enterprises raises Rs 100 cr via non-convertible debentures

ANI
20 Sep 2022, 15:55 GMT+10

New Delhi [India], September 20 (ANI): Flagship Adani Group company Adani Enterprises raised Rs 100 crore via Non-Convertible Debentures on a private placement basis.

The said debentures will be listed on the wholesale debt market segment of BSE, the company said in a regulatory filing to the stock exchanges on Monday evening.

Non-convertible debentures are typically used as tools to raise long-term funds by companies.

This morning, the shares of the company rose over 1 per cent. So far this year, the shares gave its investors a sharply high return of over 120 per cent.

Meanwhile, shares of Ambuja Cements extended their gains from the previous session to hit a fresh all-time high. It traded nearly 2 per cent higher this morning.

This happened after the formal acquisition of the cement maker by the Adani Group. Post the transaction, Adani will hold 63.15 per cent in Amubuja Cements.

"What makes cement an exciting business is the headroom for growth in India, which exceeds that of every other country well beyond 2050," Gautam Adani, Chairman, Adani Group had said.

The chairman believes the Group is on track to become the largest and most efficient cement manufacturer by no later than 2030. (ANI)

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Mexico Star.

More Information

15 ℃

Partly Cloudy in Mexico City Intl

Lifestyle

Section

Leading neighbourhood malls reshaping millennial shopping patterns

NewsVoirDelhi NCR [India], May 29: The rise of neighbourhood malls has had a significant impact on the purchasing habits of ...

MedMark Health Summit 2023: A promising step towards a healthier India

ATKNew Delhi [India], May 29: The MedMark Health Summit 2023 was recently held at the Grand Hyatt Kochi, and it ...

Mysuru road accident: Karnataka CM Siddaramaiah announces compensation of Rs 2 lakh to family of victims

Mysuru (Bengaluru) [India], May 29 (ANI): Karnataka Chief Minister Siddaramaiah on Monday announced a compensation of Rs 2 lakh to ...

Kids missing school: Why it's happening -- and how to stop it

Chronic absenteeism - defined as a student's missing approximately 18 days of the school year - is on the rise. ...

"I have always loved playing for CSK": Ambati Rayadu

New Delhi [India], May 29 (ANI): Batter Ambati Rayadu, who has announced his retirement from the Indian Premier League (IPL) ...

From Learning to Thriving: Oda Class' impact on millions of students and families

PRNewswireBangalore (Karnataka) [India], May 29: According to the ASER report, the incidence of private tuition in 2022 has risen to ...

International

Section