Gautam Adani will sell shares of three companies, foolproof plan made to raise 29 thousand crores

In January, when the group was accused of fraud in the report of Hindenburg Research, the group suffered a huge loss. Even the company had to withdraw its fully subscribed mega FPO worth Rs 20,000 crore.

After the injury of Hindenburg Research, Gautam Adani has made a foolproof comeback. Where on one hand Gautam Adani is getting the support of his American friend Rajeev Jain. On the other hand, to start the stalled works again, they have entered the process of raising funds. According to the information, Gautam Adani has executed the planning to raise about 29 thousand crore rupees by selling shares of 3 companies. In January, when the group was accused of fraud in the report of Hindenburg Research, the group suffered a huge loss. Even the company had to withdraw its fully subscribed mega FPO worth Rs 20,000 crore.

29 thousand crore rupees will be raised like this

According to the information, the boards of Adani Enterprises and Adani Transmission have approved raising $ 2.5 billion i.e. 21 thousand crore rupees by selling shares to institutional investors. On the other hand, the board of Adani Green Energy can approve raising one billion dollars i.e. more than Rs 8 crore in 15 days. According to the information, its approval is being sought from the shareholders of Adani Enterprises and Adani Transmission and the meeting of the board members of Adani Total may be held in the first or second week of June. This means that the group has already planned to raise funds of more than Rs 29,000 crore.

GQG Partners can also invest

Adani Group will use this fund to meet capital expenditure ie capex. This whole process can be completed in the second quarter of the current financial year. On the other hand, investors from Europe and West Asian countries have also shown interest in investing in Adani Group. Some existing investors and some new investors can also invest in QIPs of all the three companies. GQG Partners can also join this QIP, which can invest more than $ 2 billion in Adani Group so far. Investors are seeing a lot of faith in Adani's growth story and are eager to invest.

FPO was withdrawn

In fact, this fund raising program of Gautam Adani has come after the Rs 20,000 crore FPO brought after the Hindenburg report, which he had to withdraw after being fully subscribed and return the money to the investors. At that time the issue price of the company's FPO was between Rs 3,112 and Rs 3,276. At present, the stock of the company is trading in the range of Rs.