India's IPO market is experiencing a landmark year, with a staggering ₹1.21 trillion raised across 72 listings so far, reflecting strong investor sentiment. With high-profile initial public offerings stealing the spotlight and others grabbing huge interest from investors, a select few also made triumphant market debuts.
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Adani Energy Solutions stated that Kenya's cancellation of a $736 million transmission line project has no material impact on its operations and doesn't require regulatory disclosure under Indian stock exchange rules. The company clarified that it's not involved in the deal to manage Kenya's Jomo Kenyatta airport.
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A petition has been filed in the Indian Supreme Court seeking an investigation into bribery allegations against the Adani Group, citing a US court indictment and SEC complaint. The plea alleges serious malpractices, corruption, and stock price manipulation, and raises concerns about SEBI's conduct in withholding investigation findings.
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