India: Two Adani Group firms to raise up to $2.57b from the market

India: Two Adani Group firms to raise up to $2.57b from the market

Gautam Adani Photographer: Adeel Halim/Bloomberg

Two Adani group companies including the Indian conglomerate’s flagship firm announced plans on Saturday to raise up to $2.57 billion from the market, months after a short-seller report battered investor confidence and drove share prices down.