- PM Modi visit USAOnly the mirror in my washroom and phone gallery see the crazy me : Sara KhanKarnataka rain fury: Photos of flooded streets, uprooted treesCannes 2022: Deepika Padukone stuns at the French Riviera in Sabyasachi outfitRanbir Kapoor And Alia Bhatt's Wedding Pics - Sealed With A KissOscars 2022: Every Academy Award WinnerShane Warne (1969-2022): Australian cricket legend's life in picturesPhotos: What Russia's invasion of Ukraine looks like on the groundLata Mangeshkar (1929-2022): A pictorial tribute to the 'Nightingale of India'PM Modi unveils 216-feet tall Statue of Equality in Hyderabad (PHOTOS)
Hockey India on Monday announced the 20-member squad for the Men's Junior Asia Cup, a qual
- Harmanpreet Singh named FIH Player of the Year, PR Sreejesh gets best goalkeeper award
- World Boxing medallist Gaurav Bidhuri to flag off 'Delhi Against Drugs' movement on Nov 17
- U23 World Wrestling Championship: Chirag Chikkara wins gold as India end campaign with nine medals
- FIFA president Infantino confirms at least 9 African teams for the 2026 World Cup
- Hockey, cricket, wrestling, badminton, squash axed from 2026 CWG in Glasgow
Adani Enterprises Ltd to raise Rs 16,600 crore to expand biz Last Updated : 28 May 2024 01:00:52 PM IST Adani Enterprises Ltd (AEL) Adani Enterprises Ltd (AEL) on Tuesday announced to raise Rs 16,600 crore via qualified institutional placement (QIP) or other permissible mode in one or more tranches and in accordance with the applicable laws, as it aims to aggressively expand its businesses.
The board of directors at the flagship company of the Adani Group approved the raising of funds by way of issuance of such a number of equity shares having a face value of Rs 1 each of the company.
"The board has inter-alia approved raising of funds… for an aggregate amount not exceeding Rs 16,600 crore or an equivalent amount thereof by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches," the company said in a regulatory filing.
On Monday, Adani Energy Solutions said its board approved a fundraise of up to Rs 12,500 crore through QIP or other modes, in one or more tranches.
The Adani Group has raised nearly $6 billion from top investors since the beginning of last year.
AEL registered a 32 per cent increase in consolidated EBITDA at Rs 13,237 crore in FY24, while profit before tax (PBT) surged 56 per cent to Rs 5,640 crore.
The emerging core infra businesses of Adani New Industries Ltd (ANIL) ecosystem, airports and roads made significant strides in their operational performance, the company said earlier this month.
According to the company, the contribution of these businesses to the overall EBITDA increased to 45 per cent for FY24, compared to 40 per cent in FY23.
For the fourth quarter (Q4) of FY24, AEL reported EBITDA at Rs 3,646 crore, as compared to Rs 3,974 crore in Q4 FY23.IANS Mumbai For Latest Updates Please-
Join us on
Follow us on
172.31.16.186