India's Adani Enterprises to raise $500m via share sale

India's Adani Enterprises to raise $500m via share sale

FILE PHOTO: Traffic moves past the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, India, Feb. 2, 2023. REUTERS/Amit Dave

Adani Enterprises aims to raise $500 million through a share sale it launched on Wednesday, two sources with direct knowledge said, as billionaire Gautam Adani’s flagship firm seeks to shore up capital to fund expenses and repay debt.