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India's Adani to raise $3.5bn, as it expands emerging businesses

BENGALURU -- India's Adani conglomerate is aiming to raise up to 291 billion rupees ($3.5 billion), as it expands investments in business sectors such as airports, real estate and data centers.

Adani Enterprises, the group's flagship arm, said in a filing to the Indian stock exchange on Tuesday that its board had approved its plan to raise $2 billion through the issuance of shares or debt or a mix of both.

Read more on asia.nikkei.com