Adani, Abu Dhabi's IHC form equal JV for $11.5B aluminium complex in Odisha
Adani Group partners IHC on a $11.5 billion aluminium project in Odisha, while Adani Enterprises launches a $1 billion QIP at Rs 2,883/share (2.6% dilution) plus a $2.8 billion rights issue — its largest capital raise since the 2023 Hindenburg turmoil, on a $233 billion market cap.
Adani Group and Abu Dhabi's IHC formed an equal JV for an $11.5 billion aluminium complex in Odisha. Adani Enterprises also launched a $1 billion QIP, its largest capital raise since the 2023 Hindenburg turmoil.