According to the report, the company will hold roadshows in Dubai on March 7. A roadshow will be held in London on March 8. The road show will be organized in many cities of the US from March 9 to 15. The road show is organized in the US for seven days. Adani Group shares surged on reports that it will hold a road show in various cities besides Singapore.
Shares of Adani Enterprises were trading at Rs 1,882.65, up 17 per cent at 2.45 pm on Friday. 1874 was the closing rate of Rs. The group’s announcement to set up cement plants and data centers in Andhra Pradesh also led to a surge in the share price.
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It was announced at the Andhra Pradesh Global Investors Summit that the group will set up cement plants with a total capacity of 10 million tonnes per annum in the state. A 400 MW data center is coming up in Visakhapatnam. After the release of the Hindenburg report, there was a huge fall in Adani Group’s shares. But the stock has been soaring for the past three days.
The Supreme Court on Thursday asked SEBI to submit a report within two weeks investigating whether there were any irregularities in Adani’s transactions related to public shareholding norms. But Adani shares rose after the Adani Group disclosed that it had secured a $3 billion loan from a sovereign wealth fund.
