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The issue which has been rated A+ the ratings agency CareEdge closes on 17 September
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He emphasises the importance of developing a country's infrastructure and energy sectors with domestic capital rather than relying on global funds
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The base size issue is Rs 400 crore, with an option to retain over-subscription up to an additional Rs 400 crore aggregating up to Rs 800 crore
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For Adani Enterprises, this demerger arrangement will not only unlock the value for shareholders but will also allow focus on strategy for sustainable growth in its incubating businesses, it asserted in a statement
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Adani Enterprises stock rebounds from the loss of more than USD 30 billion which was inflicted by US-based Hindenburg’s report in January 2023
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This decision comes following the December quarter results, wherein senior officials had initially projected a capex of Rs 92,000 crore for FY25
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