Adani Group Plans to Raise $3.5 Billion by Selling Shares

The Adani Group is preparing to raise around $3.5 billion by selling shares of some of its companies to institutional investors. The conglomerate, which has operations ranging from ports to cement, suffered losses after a report by US short-seller firm Hindenburg Research. Since then, the group has been working to strengthen its position by taking various measures, including this funding plan.

Details of the Plan

According to a report by PTI, the Adani Group is planning to raise the funds by selling shares of its three companies – Adani Enterprises, Adani Transmission, and Adani Green Energy. The boards of Adani Enterprises and Adani Transmission have already approved the plan to raise $2.5 billion by selling shares to qualified institutional buyers (QIBs). Meanwhile, the board of Adani Green Energy is expected to approve a plan to raise around $1 billion in the coming weeks.

Next Steps

The Adani Group will seek approval from its shareholders for this funding plan after getting the green light from the boards of its companies. The group hopes to raise around $3.5 billion through this process. The funds will be used to meet the group’s working capital requirements. The plan is expected to be completed by the end of the September quarter of the current financial year.

Interest from Investors

According to sources, investors from Europe and the Middle East have shown interest in this issue. The group may also see participation from existing investors as well as new ones.


The Adani Group’s plan to raise funds by selling shares is aimed at strengthening its position in the market. With the approval of the boards of two of its companies, the group is moving ahead with its plan. It remains to be seen how successful the group will be in raising the targeted amount and how it will utilize the funds to meet its working capital requirements.

Follow DelhiBreakings on Google News

Superfast News Coverage by team.

For Superfast national news and Delhi Breaking Stories visit us daily at