Vivek Sharma

Adani Energy Solutions raised $1 billion through QIP

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Adani Energy Solutions raised $1 billion through QIP

Adani Energy Solutions Ltd. (NSE: ADANIENSOL), the power transmission unit of the Adani Group, has successfully raised $1 billion through a qualified institutional placement (QIP). This marks the conglomerate’s first public equity raise since the Hindenburg report earlier this year, which led to a significant drop in the group’s market value.  Abu Dhabi Investment Authority Read more: Adani Energy Solutions raised $1 billion through QIP..

BYD First Electric Supercar the Yangwang U9, production begun

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BYD First electric supercar the Yangwang U9, production begun

China’s BYD, known for its affordable electric vehicles, has made a leap into the luxury market with its first electric supercar, the Yangwang U9. Production has begun, and deliveries are expected to start in late August 2024.   The Yangwang U9 is an all-electric supercar manufactured by BYD Auto under its luxury car brand Yangwang. Read more: BYD First Electric Supercar the Yangwang U9, production begun..

Ocado moves to extend the maturity of its existing debt, aims to raise £600 million

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Ocado moves to extend the maturity of its existing debt, aims to raise £600 million

Ocado, the online grocery and technology group, has recently taken steps to extend the maturity of its existing debt. The company aims to raise £600 million through new bond issues to finance a tender offer for its existing bonds that are due in 2025 and 2026.   Ocado has launched an offering of £250 million Read more: Ocado moves to extend the maturity of its existing debt, aims to raise £600 million..