ANI
20 Sep 2022, 11:25 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)Get a daily dose of Peking Press news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Peking Press.
More InformationWASHINGTON, D.C.: A federal rule designed to make it easier for Americans to cancel subscriptions has been blocked by a U.S. appeals...
BASTROP, Texas: In a surprising turn at Elon Musk's X platform, CEO Linda Yaccarino announced she is stepping down, just months after...
NEW YORK CITY, New York: Former British prime minister Rishi Sunak will return to Goldman Sachs in an advisory role, the Wall Street...
LONDON, U.K.: Physically backed gold exchange-traded funds recorded their most significant semi-annual inflow since the first half...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
NEW YORK, New York - U.S. stocks rebounded Tuesday with all the major indices gaining ground. Markets in the UK, Europe and Canada...
AMSTERDAM, Netherlands: Some 32 percent of global semiconductor production could face climate change-related copper supply disruptions...
RIO DE JANEIRO, Brazil: At a two-day summit over the weekend, the BRICS bloc of emerging economies issued a joint declaration condemning...
DHARAMSHALA, India: The Dalai Lama turned 90 on July 6, celebrated by thousands of followers in the Himalayan town of Dharamshala,...
PARIS, France: French military and intelligence officials have accused China of orchestrating a covert campaign to damage the reputation...
CULVER CITY, California: TikTok is preparing to roll out a separate version of its app for U.S. users, as efforts to secure a sale...
HONG KONG: China has fired back at the European Union in an escalating trade dispute by imposing new restrictions on medical device...