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Adani Enterprises dismiss report about seeking to raise US$5 billion from wealth funds

'Adani executives are courting sovereign global and pension funds, including Mubadala Investment Co., Abu Dhabi Investment Authority and the Canada Pension Plan Investment Board,' reported Bloomberg last month.

Adani Enterprises dismisses report about their business seeking to raise $5 billion from wealth Funds.(Wiki Commons)

Adani Enterprises, on Monday denied a news report that the company's flagship company was seeking to raise $5 billion from wealth funds.

"We would like to submit that there is no such development and therefore, the abovementioned news item is factually incorrect. We are unable to comment on media speculation or rumours and it would be inappropriate on our part to do so. The Company regularly evaluates all opportunities across its various businesses with the objective of enhancing shareholder value," said Adani Enterprises in a stock exchange filing.

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