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 Entertainment Sun 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 Entertainment Sun.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
(New York) - China's government has erased Hong Kong's freedoms since imposing the draconian National Security Law on June 30, 2020,...
Washington [US], July 5 (ANI): Australian actor Julian McMahon, best known for his roles in 'Charmed', 'Nip/Tuck', and the 'Fantastic...
Mumbai (Maharashtra) [India], July 5 (ANI): The upcoming action-drama 'Ghaati', which stars actors Anushka Shetty and Vikram Prabhu,...
Mumbai (Maharashtra) [India], July 5 (ANI): The upcoming action-thriller Sarzameen, which stars Kajol, Prithviraj Sukumaran, and Ibrahim...
Washington [US], July 5 (ANI): Actor Regina Hall recently weighed in regarding Kate Winslet and Leonardo DiCaprio's characters in the...
Pune (Maharashtra) [India], July 5 (ANI): The first screening of 'Tanvi The Great,' directed by actor Anupam Kher, was held on Saturday...