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India Business News: Adani Energy Solutions and Adani Enterprises, part of India's top conglomerates, plan to raise funds worth Rs 12,500 crore. Tata Steel also aims to ra
Adani Energy Solutions (AESL), part of Indian conglomerate the Adani Group, has announced its intention to raise Rs125bn ($1.50bn).
Shares of Adani Energy Solutions settled at Rs 1105.90 on Friday, rising 0.60 per cent, with the total market capitalization of the company around Rs 1.25 lakh crore.
The funds will be used to finance its expansion plans
The acquisition was undertaken by a wholly owned subsidiary, Adani Transmission Step Two Ltd (ATSTL).