Two Adani Group companies to raise up to $3.5 billion via QIP
Adani Group companies plan to raise $3.5 billion through QIPs, with expansion into ecommerce and payments on the horizon.
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Adani Group companies plan to raise $3.5 billion through QIPs, with expansion into ecommerce and payments on the horizon.
The exclusion is being done as a part of MSCI's quarterly comprehensive index review, and follows changes in MSCI's calculation on the amount of shares considered freely tradable in the public market for the two firms, , adani group, Adani Total Gas, msci index
The 30-share BSE Sensex pack fell 52 points or 0.08 per cent to trade at 61,930, while the broader NSE Nifty moved 18 points or 0.10 per cent down to trade at 18,330. On the global front, Asian shares were last seen trading lower tracking an overnight fall in the US stock markets.
Infosys has allotted over 5.11 lakh equity shares to eligible employees in a bid to expand their ownership in the company. The decision comes at a time when other tech companies are laying off employees as part of cost-cutting measures. Infosys rewarded its staff with equity under two employee-related schemes, 1,04,335 equity shares were allotted under the 2015 Stock Incentive Compensation Plan, and 4,07,527 equity shares under the Infosys Expanded Stock Ownership Program 2019. Last month, the company reported weaker-than-expected Q4FY23 results but is "on the lookout at all times" f...
Adani Transmission said its board approved a plan to raise up to Rs 8,500 cr from the stock market while Adani Enterprises said it will raise up to Rs 21,000 cr