The billionaire Gautam Adani-led group will also decide on divesting its stake in Adani Wilmar, its joint venture (JV) with Singapore s Wilmar International, in the next three months, Singh said on the sidelines of the Trust group event in Mumbai.
After two days of remarkable gains, Adani Group stocks experienced profit booking, leading to a pullback with key companies retracing up to 5% on November 30.
Adani Enterprises' shares have surged about 135 per cent from its 52-week low at Rs 1,017.10 it hit in February 2023 this year, following Hindenburg's damning report.
Adani Power jumped 7.84 per cent to Rs 428 while Adani Energy Solutions soared 11.83 per cent to Rs 815.50. Adani Green Energy added 7.36 per cent to Rs 1,006.40.
Shares of all ten Adani group listed firms rallied after the Supreme Court said last week that the Hindenburg and OCCRP reports could not be treated as “credible”.