The combined market capitalisation of Adani group companies increased to Rs 15.11 trillion last week.
As a result, Gautam Adani s family raced ahead of Mukesh Ambani of Reliance Industries, reclaiming the title of India s wealthiest promoter.
December is traditionally a subdued period for fundraising, characterized by a lull in activity as international investors take their year-end break for Christmas and New Year.
This year s different. It s a bumper month for equity issuances as India Inc is poised to secure a record-breaking ₹20,989 crore from initial public offerings (IPOs), qualified institutional placements (QIPs), and other avenues such as rights issues and offers for sale, beating the previous best of ₹13,758 crore seen in December 2017.
India s benchmark Nifty 50 is set to open at a new all-time high on Friday, tracking the global stocks rally on elevated bets of a U.S. rate cut by March 2024 after the Federal Reserve s policy.