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’ stock showed a slight dip in the market on October 11, despite the company’s recent successful fundraising through a qualified institutional placement (QIP). At 1 pm, the stock was trading at Rs 3,

Bangladesh is likely to set aside pricing concerns and retain a power purchase pact with India’s Adani Power, in the face of supply worries and gloomy prospects for a legal challenge, two sources with direct knowledge of the matter said.