While Adani Group News Today : Breaking News, Live Updates & Top Stories | Vimarsana

While Adani Group has, in principle, decided to reduce its stake in the business, it still wants to retain operational control over Adani Wilmar

At approximately 10:05 am, Adani Enterprises shares were up 6.22 per cent increase, reaching Rs 2,688.75, while Adani Ports and Special Economic Zone recorded a substantial gain of 6.53 per cent, soaring to Rs 936.

Adani New Industries Ltd., a wholly owned subsidiary of flagship company Adani Enterprises Ltd., will take the lead raising the money from domestic and international banks and is in early-stage talks with several lenders, the people said, asking not to be identified because the details are private.

Adani New Industries Ltd., a subsidiary of Adani Enterprises Ltd., will spearhead the fundraising efforts from both domestic and international banks to build plants that would produce low-cost green hydrogen. The company is currently in initial discussions with various lenders. This move comes as India aims to reduce its carbon footprint. Gautam Adani has previously stated that 75% of the group's projected capital expenditure will be directed towards green businesses.

Billionaire Gautam Adani’s Adani Group is seeking to raise as much as $4 billion to help develop manufacturing plants that would produce low-cost green hydrogen, the report said