Big update on Adani Group, Gautam Adani's company took many decisions in the board meeting

The board of Adani Group has recently taken many major decisions. These decisions may impact the company's shares. Let us tell you that the board has given permission to Adani Enterprises to raise funds. Adani Enterprises will raise funds through institutional investors. Adani Group is also planning to enter the UPI payment and e-commerce platform sector.

May 28, 2024 - 15:00
Big update on Adani Group, Gautam Adani's company took many decisions in the board meeting

A big update has come out today regarding Adani Group. Adani Enterprises has received permission to raise funds in the board meeting of Adani Group. On the other hand, news is also coming that Adani Group is planning to enter the UPI Payment and e-commerce platform sector.

Decisions taken by the board of Adani Group may have an impact on the shares of the company. If we talk about the performance of the company's shares today, then at around 1 pm Adani Enterprises, Adani Port, and Adani Power were trading in the red.

The board has given approval to Adani Enterprises to raise funds. The board has approved the company to raise funds of Rs 16,600 crore. The Adani Group flagship will raise funds through Qualified Institutional Placement (QIP) or any other mode, the company said in an exchange filing. The company has not yet given information as to when it will raise funds.

Yesterday i.e. on Monday, Adani Energy Solutions said that it will raise Rs 12,500 crore through QIP.

The Adani Group might get into e-commerce soon. Adani Group is reportedly considering submitting an application for a license to operate on a digital payment network, according to news agency Reuters. Aside from this, the business is negotiating with numerous banks.

To get into the e-commerce market, Gautam Adani's company is in talks with Open Network for Digital Commerce (ONDC). A platform for government e-commerce is called ONDC.

It appears that Gautam Adani is now seeking to make a name for himself in the e-commerce and Unified Payments Interface (UPI) networks, which are digital payment networks.

Muskan Kumawat Journalist & Writer