Adani & Tata Group to raise capital; growth plans

28 May 2024 CW Team

Adani Energy Solutions and Tata Group companies are exploring various avenues to raise funds to support their growth strategies. Adani Energy Solutions has announced plans to raise Rs 125 billion through instruments like qualified institutional placement (QIP), subject to shareholder approval on June 25. This move follows the completion of its acquisition of Essar Transco.

The proposed fund-raising by Adani Energy Solutions aims to broaden its shareholder base and enhance its global presence. Similarly, Adani Enterprises is considering fresh capital infusion, while Tata Steel plans to raise funds through non-convertible debentures (NCDs).

Adani Energy Solutions and Adani Enterprises had previously secured shareholders' approval for fund-raising via QIP in May 2023 but did not proceed with the proposals. The current board meetings serve to enable swift action when favourable financing terms are identified.

Meanwhile, Tata Steel will discuss raising funds through NCDs at its upcoming board meeting, coinciding with the announcement of its Q4 FY24 earnings. Despite market volatility, the stocks of Adani Energy Solutions and Tata Steel remained relatively stable, while Adani Enterprises saw a marginal decline in its stock price. (Source: ET)

Real Estate

26 Jun 2026

AGM Vijaylaxmi launches Sixty3 W.E. Bizpark

AGM Vijaylaxmi Group has launched Sixty3 W.E. Bizpark, a mixed-use commercial development in Goregaon East, Mumbai. The project includes contemporary office spaces and a high-street retail component designed to support businesses, retailers and professionals.Located along the Western Express Highway, Sixty3 W.E. Bizpark is planned as a G+25-storey commercial tower. It offers office spaces ranging from 545 sq ft to 3,200 sq ft, with a 3.60 metre floor-to-floor height aimed at improving spatial comfort, natural light and operational efficiency.The project features a high-street retail boulevard ..

Manglam Group to Develop Sheraton Hotel in Jaipur

Manglam Group has signed an agreement with Marriott International to develop a Sheraton hotel on the Jaipur–Ajmer Highway in Jaipur. The project will feature 220 keys and is being developed with an investment of around Rs 3.5 billion across more than 300,000 sq ft.The hotel marks Manglam Group’s third collaboration with Marriott International and forms part of its Rs 10 billion hospitality investment roadmap. The agreement was signed by Amrita Gupta, Director, Manglam Group and CEO, Manglam Spa and Resorts, and Rajeev Menon, President, Asia Pacific excluding Greater China, Marriott Interna..

India Warehousing Show 2026 opens at YashoBhoomi

India's warehousing, logistics, and supply chain ecosystem came together as the 15th edition of India Warehousing Show (IWS) 2026 opened at YashoBhoomi, India International Convention & Expo Centre (IICC), Dwarka, New Delhi on June 25 (Thursday). Organised by RX India, the three-day event will run from 25-27 June 2026, bringing together policymakers, industry leaders, technology providers, and supply chain professionals under one roof. It also features a two-day knowledge conference that will run alongside the exhibition. Inaugurated by Pankaj Kumar, Joint Secretary - Logistics, DPIIT..