Shares of Adani Energy Solutions jumped over 8% on Thursday after the company raised USD 1 billion through a share sale, the first since the Hindenburg report. The stock rose 8.34% to Rs 1,232.95 on NSE and 7.92% to Rs 1,227.75 on BSE. In intraday trade, shares hit a high of Rs 1,236.70 on BSE and Rs 1,236 on NSE. The fundraising through a qualified institutional placement was oversubscribed three times, attracting demand of Rs 26,000 crore. This significant transaction is seen as a strong vote of confidence in the Adani Group after previous allegations of fraud.
