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MoneyWorks4Me

Adani Enterprises to raise up to Rs 6,000 crore through issuance of securities

29 Jul 2015 Evaluate

Adani Enterprises is eyeing to raise up to Rs 6,000 crore through issuance of securities to sustain rapid business growth. The company also aims to raise its borrowing limit to up to Rs 12,000 crore to keep pace with the expanding business operations. It will approach its shareholders with these resolutions later this month at the company’s AGM.

Adani Enterprises is the country’s largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.



Peers
Company Name CMP
Redington 356.80
Adani Enterprises 2736.70
Amrapali Industries 34.60
Maxgrow India 177.85
Rashi Peripheral 864.65
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