Gautam Adani took a big step to raise money, can do this work for the first time
Oct. 20, 2022
According to rating agency CARE Ratings, Adani Enterprises is working on a plan for the public sale of bonds. According to CARE Ratings, Adani Enterprises can sell bonds worth Rs 10 billion.
Asia's richest man Gautam Adani is planning to raise money by selling bonds to individual investors for the first time. Gautam Adani, who is active in business ranging from coal to ports, has grown his business in data centres, cement and alumina in the last few years. According to rating agency CARE Ratings, Adani Enterprises is working on a plan for the public sale of bonds. According to CARE Ratings, Adani Enterprises can sell bonds worth Rs 10 billion. CARE Ratings has given this potential issue an A+ score.
According to CARE Ratings, Adani Enterprises may sell bonds worth Rs 10 billion ($121 million). The company will make the bond public. Explain that the way companies take loans to raise funds, in the same way, bonds are also a way of raising money.
Gautam Adani is expanding his business rapidly. Adani Group is making new acquisitions in different sectors. In recent years, the group has been making rapid strides in new sectors while retaining its traditional business like Port, and Power Plant. Let us tell you, last month rating agency CreditSights expressed a lot of concerns about the Adani Group. After this, the shares of many companies of the Adani Group had fallen sharply.
Shares of Adani Enterprises have fallen over 15 per cent from record highs in the past one month. Let us tell you, the news of selling bonds from the company has come after rating agency CreditSights has made some corrections in the figures of Adani Group.stock-market News Adani Money Thanks For reading