Adani Energy, a power transmission and distribution company, raised funds through a Qualified Institutional Placement
Adani currently ranks 12 among the world’s richest
India now boasts 259 billionaires, a remarkable increase of 38 from the previous year
The tour showcased the infrastructure of India’s largest private port and the conglomerate’s strong financial conditions
Investors offered to sell a little over 5.3 million shares to the Adani Group, or roughly a third of the entire open offer size, when the share purchase period ended on Monday
With a $137.4bn fortune, Adani has overtaken France’s Bernard Arnault and now trails just Elon Musk and Jeff Bezos of the US in the ranking