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Adani Enterprises has set its rights issue price at 1,800 per share. This represents a 24% discount to its current stock price. The company plans to raise 24,930 crore through this issue. Shareholders as of November 14 will be eligible to subscribe. They will receive three rights shares for every 25 shares held.
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News and Media
Tenneco Clean Air India is set to raise 3,600 crore via an offer for sale, reducing its promoter stake to 74.8%. The auto components firm, a subsidiary of US-based Tenneco Inc., leads in clean air solutions and shock absorbers.
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News and Media
Bajaj Finserv reported a 8% rise in Q2 net profit to 2,244 crore, but its lending arm, Bajaj Finance, saw its stock slump over 6%. This decline was triggered by a cautious outlook for future expansion and increased credit costs. Bajaj Finance also moderated its FY26 growth forecast. Meanwhile, Bajaj Allianz General Insurance posted a 5% profit increase.
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News and Media
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