Adani Power shares have rallied 36% in the past 12 months at a time when most of its power sector peers have performed abysmally, plunging as low as 60% in the same period. Down 20% from their 52-week ...

What To Know: The stock’s recent downturn was primarily triggered by the announcement of a warrant inducement agreement aimed at raising $370 million, which sparked fears of a devalued share price.

A string of acquisitions is reshaping the power sector in a momentum scale that underlines the reforms and prospects of Nigeria’s most talked about sector. In this report, Deputy Group Business Editor ...