Adani Group Stocks: News related to the Adani family's plan to invest in Adani Green Energy, a listed company related to renewable energy of Gautam Adani, saw a strong rise in the stock in the trading session of Thursday, December 21, 2023. Has received. Adani Energy's stock rose by 6.68 percent or Rs 97 to reach Rs 1549. However, the stock closed at Rs 1519 with a jump of 4.64 percent.
Gautam Adani and his family are preparing to invest one billion dollars in Adani Green, the renewable energy company of Adani Group. Adani Green Energy Limited is considering issuing preferential shares to the company's founders to raise funds for its expansion plans. The company has informed the stock exchanges in its regulatory filing that a board meeting of the company will be held on 26 December 2023 to raise funds. Adani Green Energy's $1.2 billion bond is going to mature next year in 2024. The company has already started preparations for its financing.
After the report of Hindenburg Research in January this year, the stock of Adani Green Energy had fallen from the level of Rs 1932 on 23 January 2023 to Rs 439 on 28 February 2023. But the stock has shown a recovery of 246 percent from the lower level and now the stock is trading at Rs 1519. After submitting the investigation report of SEBI on Hindenburg's allegations, the Supreme Court has completed the hearing and reserved the decision. After reserving the decision, there has been a rise in all the shares of Adani Group, which also includes the stock of Adani Green Energy. Adani Green Energy is one of the giant companies in the field of renewable energy. The company is aiming to produce 45 gigawatts of green energy by 2030.
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