Adani Energy Solutions Shares Surge 12% After $1 Billion Fundraise

Shares of Adani Energy Solutions surged by 12% on Thursday, reaching a market valuation of Rs 1.42 lakh crore, its highest ever. The surge followed the company's successful $1 billion share sale, marking the first public equity raised by the group since the critical Hindenburg report.

Shares of Adani Energy Solutions surged 12 per cent on the bourse on Thursday, hitting a market valuation of Rs 1.42 lakh crore for the first time.

The shares climbed after the power transmission unit led by billionaire Gautam Adani announced a raise of USD 1 billion through a share sale.

This fundraise is significant, as it's the first public equity raised by the conglomerate since the damning Hindenburg report.