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Indian billionaire Gautam Adani to issue new shares worth $2.5 billion

The business empire of Indian billionaire Gautam Adani intends to raise about $2.5 billion through a fresh share offering as it tries to grow in new markets.

The primary business of Indian billionaire Gautam Adani is financing US$2.5 billion. (Wiki Commons)

Adani Enterprises, the parent company of the Adani Group, In a stock exchange statement on Friday, announced that its board had approved raising  US$2.45 billion by issuing new shares. It would be the largest follow-on public share offering ever in India.

Since the outbreak of the epidemic, Adani, the richest man in Asia, has swiftly increased the number of enterprises in his portfolio by acquiring operations in industries like cement production and airports.

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