Ardian Energy approved to raise $502 million through stock sales.

Indian company Adani Green Energy Solutions Limited has been approved to raise 43 billion rupees through the sale of shares. According to a filing submitted to the stock exchange on Saturday, the board of directors of the Adani Group has approved an authorization resolution to raise this amount through a "Qualified Institutional Placement" in one or multiple tranches. The Adani company's business ranges from ports to green energy, and after its founder was sued in the United States, the company is gradually rebuilding investor confidence. In April of this year, the group raised approximately $750 million for an acquisition, with BlackRock subscribing to around one-third of the bonds. Last week, its port division secured $150 million in financing from DBS Group through a bilateral loan.