Indian conglomerate Adani to utilize $2.5 billion from share sale for capital expenditures and debt repayment by 2023
Apr 07,2024 | DAXTROMNSOLAR
Indian multinational conglomerate Adani Group has announced its plans to utilize $2.5 billion raised through a share sale to fund capital expenditures and repay its debts by 2023. The company aims to strengthen its position in various sectors including renewable energy, airports, and defense. Adani Group has been actively expanding its portfolio, acquiring assets and partnerships both domestically and internationally. The proceeds from the share sale will aid the conglomerate's growth strategy and financial stability. Adani Group's ambitious plans align with its efforts to become a key player in India's infrastructure development.
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