Adani Shares Down 5% After IHC Investment Article.

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It is difficult to determine the specific reason without more information. It is recommended to consult a financial advisor or perform further research to gain a better understanding. Read more

• Adani Power lost 5%, falling to Rs 223.90.
• Adani Transmission lost Rs 1,630.25, or 4.67 percent.
• Adani Green dropped 7.8% to Rs 1,095.00.
• Adani Total Gas decreased by 10% to Rs. 2, 1112,90.
• Adani Wilmar dropped by 5% to Rs 466.90.

The ACC's other group stock declined 1.93 percent.

At the end of day one on January 27, only 1% of the Rs. 20,000 crore FPO was subscribed. On the second day, the subscription was 3 percent. Read more

Adani Enterprises, Adani Transmission, and Adani Ports traded higher in Tuesday afternoon deals, while other Group stocks continued to fall, extending their three-day sell-off.

The U.S.-based Hindenburg Research report from January 24, which raised concerns about the use of tax havens and high debt levels, has caused the shares to fall.

The report has been branded baseless by Adani. In the meantime, Adani's 20,000 crore follow-on public offer (FPO) will close on January 31 at a premium price range of 3,112 and 3,276 per FPO equity share.

The investment firm IHC announced that it has made an investment of Rs 30 crore ($5 million) in Adani Enterprises, valuating the company at Rs 1,000 crore ($150 million). With this investment, IHC aims to help Adani Enterprise grow its market share in the infrastructure and real estate sectors.

The new sector will also see Adani extend its reach into geothermal energy and solar power. The spokesperson for IHC said that "The IHC group is bullish on Adani Enterprises as we see scope for strong growth in both the infrastructure and real estate segments of the economy."

Adani Enterprises, a leading conglomerate in India, saw its shares jump by 5% following the announcement of a significant investment by the Investment Holding Company (IHC). This investment has been seen as a major vote of confidence in Adani's future prospects and a testament to the company's growth potential

The FPO's success, according to analysts, demonstrates the organization's capacity to attract investors with ambitious expansion plans in green energy, ports, and e-commerce.

The offer ends on January 31 and has a price range of Rs 3,112-3,276 per share.

The flagship company of the Adani group intends to use the proceeds to fund projects in the green hydrogen ecosystem, upgrade existing airport facilities, and construct brand-new expressways.

The company and its subsidiaries, including Adani Airport Holding, Adani Road Transport, and Mundra Solar, owe some debt, so the proceeds will also be used to pay it off.

On the NSE, Adani Enterprises shares closed at Rs 2,974 after a sharp decline of 2.8%.

The Adani Group company intends to use the FPO to raise Rs 20,000 crore, making it the largest FPO ever offered on the Indian capital markets.

In the midst of a plunge in group company stocks that erased 4.4 trillion of investor wealth over two days, the Adani group faces a formidable challenge as its 20,000 crore follow-on public offer (FPO) struggles to gain momentum. On Friday, the first day of the three-day share sale, the FPO received bids for only 470,000 shares, or 1% of the available shares. Read more