Adani plans follow-on public offering to fund green, digital businesses

Adani Enterprises Limited is planning a follow-on public offering to finance the group’s expansion in green and digital businesses. It may raise around Rs 200 billion for the same. The fundraising aims to mobilise funds for new businesses such as green hydrogen, data centres and renewables, as well as improve the company’s float on the stock exchanges by bringing in a wide set of new investors.