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Rights issue sees strong investor demand and strengthens capital base.
The approval allows HDFC Bank to acquire up to 9.5%
The company is also considering a pre-IPO placement of up to Rs 430 cr
Adani Energy Solutions share price plunged 9 % to Rs 975.
The move aims to optimise the capital structure of the company.
Funds to strengthen financial position
The order is expected to be completed within 24 months
IPO aims to strengthen renewable initiatives.
The pan-European STOXX 600 index rose 0.3%.
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