Adani Enterprises said Friday that the company’s board approved the raising of up to ₹20,000 crore ($2.5 billion) through a follow-on public offering (FPO) by issuing new shares to retail and institutional investors.
Samsung, Amazon, Uniqlo and Domino’s were among several companies looking to turn Black Friday, yesterday, into another big sale day in India.
The Insurance Regulatory and Development Authority of India (IRDAI) allowed private equity funds to invest directly in insurance companies and banks to tie up with as many as nine insurance companies as part of several measures approved at its meeting on Friday that will free up about ₹3,500 crore capital.
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