Try GOLD - Free
Adani Group says it raised $9 bn in four years; $1.38 bn from stake sale
The Morning Standard
|July 10, 2023
THE Adani Group on Sunday said it raised $9 billion in four years from leading global investors. In a statement, it said the Group is committed to raising capital to fulfill its 10-year roadmap of the transformative capital management program, which was formulated in 2016 to execute the plans for various portfolio companies.
-
Recently, the Adani family has raised $1.38 billion through stake sale in the three portfolio companies - Adani Enterprises Ltd, Adani Green Energy Ltd and Adani Transmission Ltd(ATL).
"This ensures higher capital availability at the group level, for growth as well as near-term commitments of both debt and equity for the portfolio companies over the next 12-18 months," the company said.
ATL is the largest private energy solutions player in India with presence in power transmission and distribution and an increasing focus on smart metering.
This story is from the July 10, 2023 edition of The Morning Standard.
Subscribe to Magzter GOLD to access thousands of curated premium stories, and 10,000+ magazines and newspapers.
Already a subscriber? Sign In
MORE STORIES FROM The Morning Standard
The Morning Standard
₹441-cr development works set to improve quality of life in JJ clusters
THE Delhi government is undertaking large-scale development works to improve the quality of life of lakhs of people living in JJ clusters across the city. In total, development works worth over ‑441.1 crore are being carried out during 2025-26 and 2026-27.
1 mins
June 27, 2026
The Morning Standard
Smashing through limits
Arjuna awardee Manasi Joshi reflects on belonging, breaking barriers and striving to become better than she was yesterday
3 mins
June 27, 2026
The Morning Standard
Row over ₹500 watch ends after 29 yrs
TWENTY-NINE years after an Uttarakhand man died due to an altercation over a ₹500 watch, the Supreme Court has finally closed the case and allowed the last remaining convict to walk free after altering his sentence from rigorous imprisonment of five years to the period already undergone.
1 min
June 27, 2026
The Morning Standard
Will there ever be a Ratatouille part 2?
RECENTLY, Patton Oswalt, who voiced the culinary rat Remy in Ratatouille, expressed interest in reprising his role in a potential sequel, should one ever be made.
1 mins
June 27, 2026
The Morning Standard
Former Uber India chief joins OpenAI
OPENAI has appointed former Uber India and South Asia President Prabhjeet Singh as its Managing Director for India, strengthening its leadership team as the artificial intelligence company expands its presence in one of its top priority markets.
1 min
June 27, 2026
The Morning Standard
Survivors of ammonia leak leave Tamil Nadu sans answers
AS the death toll in Sunday’s ammonia gas leak at St Peter & Paul Sea Food Exports Private Limited in Tiruvallur climbed to 15 on Friday, the first batch of 62 migrant workers from Odisha boarded a train in Chennai at 10 am and left for their hometowns, leaving behind the tragedy that has still left many battling for their lives.
2 mins
June 27, 2026
The Morning Standard
1ST-EVER ‘RASHTRIYA GRAMIN VIKAS SAMMELAN’ IN CITY ON JUNE 28 & 29
THE first-ever Rashtriya Gramin Vikas Sammelan will be held in the national capital on June 28 and 29 to deliberate on rural development priorities, review the implementation of flagship schemes and prepare a roadmap for villages, the Ministry of Rural Development said on Friday.
1 min
June 27, 2026
The Morning Standard
Relief for lakhs as CBSE eases language policy
Class 7-9 students can keep existing combo of two foreign languages till Class 10: Board
1 mins
June 27, 2026
The Morning Standard
US assured India of stable AI technology access: IT secretary
WEEKS after the US curtailed access to Anthropic’s AI models worldwide, including in India, Washington has assured New Delhi that technology access, once granted, will not be abruptly withdrawn. The commitment was conveyed by US officials during talks with India, according to IT Secretary S Krishnan.
1 mins
June 27, 2026
The Morning Standard
S Korea to buy 20K low-cost military drones
SOUTH Korea unveiled on Friday a plan to acquire 20,000 military drones to fend off North Korean threats, citing lessons learned from wars in Ukraine and the West Asia.
1 min
June 27, 2026
Translate
Change font size