Billionaire Gautam Adani's flagship firm Adani Enterprise has raised $500 million via a share sale to local insurance and mutual funds firms and an existing U.S. based investor, two sources with direct knowledge said.

Indian billionaire Gautam Adani’s flagship firm seeks to raise about $500 million through a share sale to institutions, marking a return to equity fundraising after a withering short-seller report in 2023.

Adani Enterprises in May approved raising up to $2 billion through modes including a so-called QIP method used by listed Indian companies to raise funds from large institutions

Billionaire Gautam Adani's flagship firm Adani Enterprise has raised $500 million via a share sale to local insurance and mutual funds firms and an existing U.S. based investor, two sources with direct knowledge said.