Billionaire Gautam Adani's conglomerate has achieved a successful fundraising of more than $5 billion (Rs 41,500 crore) through equity and double that amount through debt in the current year. This marks a noteworthy resurgence following the controversy triggered by a short seller report earlier in the year. At the outset of the year, Adani, previously the world's second-wealthiest individual, encountered a significant reduction in his wealth, losing nearly $60 billion due to allegations of market manipulation and accounting irregularities by Hindenburg Research in a report published on January 24. While the group refuted all accusations, it revamped its strategies, resulting in an impressive recovery that has narrowed the wealth gap to $36 billion from the initial figure and positioned him $12 billion behind his rival billionaire Mukesh Ambani.

During this revival, GQG Partners, a notable investor, acquired approximately $4.3 billion worth of stakes in five companies belonging to the Adani Group between March and August. Additionally, Qatar Investment Authority (QIA) and the French energy giant TotalEnergies injected $770 million into Adani Green Energy Ltd, based on company filings and stock exchange data. Simultaneously, the promoters infused $4.6 billion to settle loans backed by shares, manage loans obtained for cement acquisitions, and bolster sustainable investments. The capital raised through equity and loans has reinstated investors' trust in the group, underscoring its financial credibility.

The Adani Group also secured loans totaling $6.4 billion across five companies and refinanced debt amounting to $3.5 billion acquired for the purchase of ACC and Ambuja Cement in 2022. Additionally, the group continued its strategy of mergers and acquisitions by acquiring Sanghi Cement for $431 million, obtaining a 49.38% stake in Indian Oil Tanking for $128 million, purchasing Karaikal Port for $181 million, and acquiring Coastal Energen for $420 million, according to filings and stock exchange data. These initiatives, alongside the annulment of an $850 million coal plant purchase, cost-cutting initiatives, and debt settlements, aimed to showcase the group's prudent borrowing practices and financial resilience.