Cosan S.A. (CSAN) Plans to Raise Up To 10 billion Reais Through Public Offerings

Group 1 - Cosan S.A. plans to raise up to 10 billion reais ($1.9 billion) through public offerings to reduce its debt [1] - The company's net debt was 17.5 billion reais at the end of June, unchanged from earlier in the year [1] - Despite some analyst support, Cosan S.A.'s shares fell sharply by 21%, resulting in a loss of about 3 billion reais in market value [1] Group 2 - Raizen, Cosan's joint venture with Shell, experienced a 9% drop in shares due to challenges from low sugarcane yields affecting profits and debt [1] - The company is primarily active in oil marketing and energy sectors [2] - There are suggestions that certain AI stocks may offer greater upside potential compared to Cosan S.A. [2]