Daily Brief Utilities: Neyveli Lignite, GigaCloud Technology , Adani Green Energy and more

• The GoI is looking to raise up to US$248m from selling its stake in Neyveli Lignite (NLC IN).
• This seems to be part of the GoI’s ongoing divestment drive across PSUs, with the recent selldowns in other PSUs having done well. 
• The GoI had also sold some stake in the firm earlier in Oct 2017. 

• Gigacloud Technology is a B2B ecommerce company connecting manufacturers in Southeast Asia with retailers in the US, Japan, and Western Europe
• Recent short attack from Culper Research debunked by independent review by the Board
• Transitioning to become a fully US-based public company and has acquired Noble House LLC at an attractive price, with stock expected to appreciate by 78% to $23.72 by the end of 2025

This content is sourced through publicly available sources and has been machine generated. Information displayed is for general informational purposes only. This article was originally published 3 months ago on Value Investors Club.

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• Adani Green Energy