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Adani Energy nod for Rs 4.3k crore share sale
Adani Energy Solutions, controlled by Gautam Adani, has approved raising ₹4,300 crore through a qualified institutional placement, signaling a resurgence in investor confidence. This decision follows a US indictment that had previously dampened sentiment towards the Adani Group. Recently, Fitch Ratings removed Adani Energy from a rating watch, assigning a negative outlook, reflecting moderating liquidity risks for the company.
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