💨 Abstract

Billionaire Gautam Adani's Adani Enterprise has raised $500 million through a share sale to local insurance, mutual funds, and an existing U.S. investor, GQG Partners. The sale, oversubscribed four times, was launched in response to a scrapped $2.5 billion plan due to a short-seller report in February 2022.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖