Adani Flagship Net Jumps, Eyes $2.8 Billion Share Sale

Adani Enterprises Ltd. has reported an impressive 84% increase in quarterly profit, largely driven by one-time gains from selling its stake in the agri business and restructuring its cement units. This financial boost comes alongside the company's approval for a significant $2.8 billion rights issue, indicating strong confidence in its future growth. This news is important as it highlights the company's resilience and strategic moves in a competitive market, potentially attracting more investors.