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Adani Enterprises’ arm raises $394 million from Barclays, Deutsche Bank

28 Jul 2023 Evaluate

Adani New Industries, an arm of Adani Enterprises, has raised $394 million (Rs 3,231 crore) from Barclays PLC and Deutsche Bank AG. The proceeds will be used to secure working capital requirements of its integrated solar module manufacturing facility.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.


Peers
Company Name CMP
Redington 356.35
Adani Enterprises 2731.05
Amrapali Industries 34.31
Maxgrow India 175.85
Rashi Peripheral 864.95
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