Adani FPO: What saved the issue on the last day of bidding?
1 year, 10 months ago

Adani FPO: What saved the issue on the last day of bidding?

Live Mint  

Just about a week ago, the Street was awaiting India's largest follow-on-public offer which was about to be floated by one of the India's biggest conglomerates. Investors - retail and institutional - were waiting for the issue to open to buy shares of Adani Enterprises at a bit of a discount from the market price. On January 25, the company raised ₹5,984.9 crore for the anchor investor portion from 33 foreign and domestic institutional investors including the likes of Singapore based Maybank Securities Pte Ltd, insurance behemoth LIC, SBI Employees Pension Fund, SBI Life Insurance Co, HDFC Life Insurance Co, Abu-Dhabi-based sovereign wealth fund ADIA, Goldman Sachs Investment and Morgan Stanley Asia. Read all Adani-related stories here At the end of the third and final day of bidding, the retail investors were missing as they could easily buy the company's shares at much cheaper rate. The demand on first two days of bidding for the FPO was nearly nil, but the turning point for the FPO was Abu Dhabi's International Holding Company on Monday announced that will invest $400 million in Adani Enterprises' ₹20,000-crore follow-on public offer via its subsidiary Green Transmission Investment Holding RSC.

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Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%
3 weeks, 4 days ago

Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%

Live Mint  

Adani Power Share Price Today on 29-11-2024: At 29 Nov 11:24 today, Adani Power shares are trading at price ₹554, -1.11% down from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%
3 weeks, 5 days ago

Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%

Live Mint  

Adani Power Share Price Today on 28-11-2024: At 28 Nov 11:09 today, Adani Power shares are trading at price ₹566.75, 8.2% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%
3 weeks, 6 days ago

Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%

Live Mint  

Adani Power Share Price Today on 27-11-2024: At 27 Nov 11:08 today, Adani Power shares are trading at price ₹460.85, 5.28% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%
4 weeks ago

Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%

Live Mint  

Adani Total Gas Share Price Today on 26-11-2024: At 26 Nov 11:24 today, Adani Total Gas shares are trading at price ₹593.55, -1.2% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & …

Adani Power Share Price Today on 26-11-2024: Adani Power share price are down by -0.66%, Nifty down by -0.09%
Top News
4 weeks ago

Adani Power Share Price Today on 26-11-2024: Adani Power share price are down by -0.66%, Nifty down by -0.09%

Live Mint  

Adani Power Share Price Today on 26-11-2024: At 26 Nov 11:07 today, Adani Power shares are trading at price ₹443.9, -0.66% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%
Top News
4 weeks, 1 day ago

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%

Live Mint  

Adani Power Share Price Today on 25-11-2024: At 25 Nov 11:11 today, Adani Power shares are trading at price ₹465.35, 1% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion
1 month ago

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion

Live Mint  

Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Adani group stocks fared better than on Thursday, when the ports-to-renewables conglomerate lost ₹2.24 trillion in market cap after US prosecutors indicted chairman Gautam Adani and other executives in an …

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot
1 month ago

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot

Hindustan Times  

Adani Group shares plunged when the markets opened on Thursday, November 21, 2024, after the US Securities and Exchange Commission announced it was pressing charges against Adani Group chairman Gautam Adani, Sagar Adani, and Cyril Cabanes, an executive of Azure Power Global Ltd in a bribery and fraud case. The US market regulator SEC alleged the scheme was to secure …

Explained: Why Adani Enterprises shares fell 15% today
1 month ago

Explained: Why Adani Enterprises shares fell 15% today

India Today  

Shares of Adnai Enterprises crashed 15% in early trade to Rs 2,398.25 on Thursday. The fall in shares came after billionaire Gautam Adani, chairman of the Adani Group, was charged in New York in connection with an alleged multibillion-dollar bribery and fraud scheme, according to US prosecutors, reported news agency Reuters. The charges allege that Adani, along with seven other …

Adani Power share price rises 7% : Should you Buy, Sell or Hold the stock?
1 month, 1 week ago

Adani Power share price rises 7% : Should you Buy, Sell or Hold the stock?

Live Mint  

Stock Market Today: Adani Power share price gained more than 7% in morning trades on Wednesday. Adani Power share price opened at ₹558.05 on the BSE on Wednesday, slightly higher than previous close of ₹557.80. The Adani power share price thereafter gained to intraday highs of ₹598 marking gains of more than 7% The Adani power share price though has …

Adani Wilmar Shares: A Pricey Climb and a Pricey Dip
1 month, 3 weeks ago

Adani Wilmar Shares: A Pricey Climb and a Pricey Dip

Live Mint  

Adani Wilmar shares are trading up by 2.31% today, while the Nifty is down by 0.58%. The stock has hit a high of ₹333.55 and a low of ₹325.35 during the day, and is trading above the 5,10 days SMA & lower than the 20,50,100,300 day SMA. The company has a ROE of 1.80%, a P/E of 43.67, and a …

Adani Power Soars 3% on ₹5,000 Crore Fundraise Move
2 months ago

Adani Power Soars 3% on ₹5,000 Crore Fundraise Move

Live Mint  

Adani Power shares experience a surge in trading activity, with their stock price rising by over 3% on Thursday. The surge follows the announcement of a board meeting scheduled for October 28th to consider and approve a fundraising proposal worth ₹5,000 crore. The company plans to raise funds through a public issue and/or private placement of non-convertible debentures, with the …

Adani Energy Solutions may launch $600 million share sale this week: Report
4 months, 3 weeks ago

Adani Energy Solutions may launch $600 million share sale this week: Report

Hindustan Times  

Gautam Adani-led Adani Energy Solutions is likely to launch a share sale this week to raise over $600 million, as per news agency Reuters. The Hindenburg report accused Adani Group of improper use of offshore tax havens and stock manipulation. Adani Energy Solutions plans to raise funds through a Qualified Institutional Placement, the report claimed. Since Hindenburg report in January …

Gautam Adani raises stake in Adani Enterprises, buys more from open market
6 months, 1 week ago

Gautam Adani raises stake in Adani Enterprises, buys more from open market

Hindustan Times  

Gautam Adani, promoters of Adani Enterprises and companies belonging to the promoter group purchased over two per cent stake in the company from open market between September 2023 and June this year, a statement to stock exchanges noted. As per the exchange filing, open market purchases in shares of Adani Enterprises were made between September 8-12, 2023 by Infinity Trade …

India's Adani Energy Solutions to raise up to $1.5 billion
6 months, 3 weeks ago

India's Adani Energy Solutions to raise up to $1.5 billion

The Hindu  

India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to ₹125 billion. Business news website Moneycontrol had earlier reported that the two Adani companies — Adani Energy and Adani Enterprises — will collectively approve a fundraising plan in a range of $3.5-4 billion. Last year, U.S. shortseller Hindenburg in a report accused the …

Multibagger stock: Adani Power share price touches lifetime high. Experts see 25% more upside
7 months, 1 week ago

Multibagger stock: Adani Power share price touches lifetime high. Experts see 25% more upside

Live Mint  

Adani Power share price has not just delivered a significant 170 percent return in one year, but it has also demonstrated the potential for more upside. Adani Power share price today opened on a positive note, reaching an intraday high of ₹647.80 apiece on NSE. They predict that Adani Power share price, which has just given a fresh breakout on …

Adani Group stocks down 13%, ₹90,000 cr wiped off in market-cap. Top loser is…
9 months, 1 week ago

Adani Group stocks down 13%, ₹90,000 cr wiped off in market-cap. Top loser is…

Hindustan Times  

Adani Group stocks fell up to 13 per cent today. How are other Adani Group's stocks performing: Adani Enterprises and Adani Ports & SEZ were trading with losses of 5.5 per cent and 5.3 per cent, respectively. Loss in market-cap: With today's drop, Adani Group stocks have cumulatively lost ₹90,000 crore in market capitalisation- 5.7% of the group's overall market …

Adani Group to raise $3.5 billion through share sale in 3 companies
1 year, 6 months ago

Adani Group to raise $3.5 billion through share sale in 3 companies

Live Mint  

Billionaire Gautam Adani-led group is set to raise $3.5 billion through an equity share sale to institutional investors in the boldest comeback strategy after US short-seller Hindenburg Research levelled accusations against the ports-to-energy conglomerate of stock manipulation and financial wrongdoings. While boards of Adani Enterprises Ltd and electricity transmission company Adani Transmission Ltd have already approved raising up to ₹21,000 …

Adani Enterprises Shares Drop 8% as Traders Book Profit; What Should you Do Now?
1 year, 7 months ago

Adani Enterprises Shares Drop 8% as Traders Book Profit; What Should you Do Now?

News 18  

Adani Enterprises Share Price: The three-day rally in Adani Enterprises on Wednesday came to an abrupt halt as the Nifty stock lost up to 8% to hit day’s low of Rs 2425.85 on BSE as traders booked profits. This means Jain’s investment into four Adani Group companies in March has generated more than 65 per cent returns in less than …

Adani stocks soar; market cap jumps by ₹63,000 crore in a day
1 year, 7 months ago

Adani stocks soar; market cap jumps by ₹63,000 crore in a day

Live Mint  

Adani Group stocks continued dazzling on Tuesday, with most of them hitting their upper circuit levels in trade, as sentiment remain upbeat about the group stocks after the group got a clean chit from the Supreme Court panel. All 10 Adani stocks ended with gains with Adani Enterprises share price surging nearly 18 per cent to the intraday high of …

Adani stocks jump on SC panel report findings
1 year, 7 months ago

Adani stocks jump on SC panel report findings

Live Mint  

MUMBAI : Adani group stocks surged on Monday, led by flagship Adani Enterprises, with investor wealth rising by the most in almost nine months after a Supreme Court-appointed panel found no prima facie evidence of stock price manipulation as alleged by US short-seller Hindenburg Research. Six out of 10 Adani Group stocks hit their upper circuits, with the group market …

Months after cancelled FPO, crisis-hit Adani to consider fundraising on May 13
1 year, 7 months ago

Months after cancelled FPO, crisis-hit Adani to consider fundraising on May 13

Live Mint  

Adani Enterprises announced that the company's board will hold a meeting on May 13 to approve the proposal of raising of funds. The group's renewable-energy arm Adani Green Energy also announced that it will look to raise funds after approval of the proposal in its board meeting to be held on May 13, Saturday. Meanwhile, the Supreme Court will hear …

How have Adani Group’s stocks behaved over the last month? - The Hindu
1 year, 9 months ago

How have Adani Group’s stocks behaved over the last month? - The Hindu

The Hindu  

Since January 24 when Hindenburg Research released a report alleging that the Adani Group had indulged in stock manipulation and other misdemeanours, much water has flowed under the bridge. Sure enough, the Adani Group has cut its growth estimates from 40% to 15-20% for the coming year, according to a Bloomberg report, which added that the group had also deferred …

Congress questions the addition of five Adani stocks to NSE indices
1 year, 9 months ago

Congress questions the addition of five Adani stocks to NSE indices

The Hindu  

The Congress on February 27, 2023, as part of its ongoing ‘Hum Adani Ke Hain Kaun’ series of questions, asked why the stocks of five more Adani Group companies had been added to the National Stock Exchange index despite their crash in the stock market. “Even as the leading market index providers MSCI, S&P Dow Jones and FTSE Russell review …

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore
1 year, 10 months ago

Adani Group stocks post worst day in two weeks as investors lose ₹51,294 crore

Live Mint  

The Adani Group stocks got an eye-opening jolt on Wednesday that saw destruction of ₹51,294.04 crore of investor wealth. All the Adani Group's 10 listed firms have together lost ₹11,62,030.29 crore in market valuation as selling pressure intensified. Four other Adani Group stocks – Adani Transmission, Adani Total Gas, Adani Wilmar, and Adani Green – were locked in their 5% …

GUEST COLUMN | End of a roll: The curious rise and fall of Adani stocks
1 year, 10 months ago

GUEST COLUMN | End of a roll: The curious rise and fall of Adani stocks

The Hindu  

Published : Feb 22, 2023 15:12 IST The stock markets are a delicate creature, needing careful nurture and care. For the last eight years at least, the Adani group has been India’s most storied business conglomerate, with a near-miraculous growth in market values. The bull market in Adani shares soon got woven into the India growth story. India’s stock market …

DSP MF buys more shares of these 6 Adani stocks in January amid Hindenburg rout
1 year, 10 months ago

DSP MF buys more shares of these 6 Adani stocks in January amid Hindenburg rout

Live Mint  

Despite bloodbath in Adani group stocks in last week of January 2023, DSP Mutual Fund raised stake in six Adani group stocks in the month gone by. Here we list out full details in regard to DSP Mutual Fund shareholding in above mentioned Adani group stocks: 1] ACC: As on 31st December 2022, DSP Mutual Fund was holding 17,01,917 ACC …

Adani group says no refinancing issues in bid to calm jittery investors
1 year, 10 months ago

Adani group says no refinancing issues in bid to calm jittery investors

Hindustan Times  

Adani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a U.S. short-seller's critical report on its business practices. In a long-awaited credit report issued by Adani to Indian exchanges on Tuesday, the apples-to-airports group said there was "no material refinancing risk and near-term …

India’s Adani tries to pacify investors as watchdog probes report
1 year, 10 months ago

India’s Adani tries to pacify investors as watchdog probes report

Al Jazeera  

Adani group’s seven listed stocks have together lost about $120bn in market value since a US short-seller has raised concerns. Led by billionaire businessman Gautam Adani, the group’s seven listed stocks have together lost about $120bn in market value since a January 24 report by United States-based short-seller Hindenburg Research accused it of improper use of offshore tax havens and …

Selling pressure in some Adani group stocks eases
1 year, 10 months ago

Selling pressure in some Adani group stocks eases

Live Mint  

Mumbai/New Delhi: Stocks of Adani group companies ended up mixed on Monday, as weekend assurances by the government and regulators and promoters’ plan to repay share-backed loans eased selling pressure in some of them. The market capitalization of listed Adani group companies fell by ₹27.440 crore from the previous session to ₹9.8 trillion. While Adani Ports gained 9.46% to close …

Adani prepays $1,114 million to release the Group companies’ shares
1 year, 10 months ago

Adani prepays $1,114 million to release the Group companies’ shares

The Hindu  

Gautam Adani and his family, who are promoters of the Adani Group companies have prepaid $1114 million worth of borrowings raised with pledging of shares of various listed entities ahead of the schedule payment in September 2024. The promoters’ decision to pre-payment will help release 11.77 million shares in Adani Transmission Ltd., 168.27 million shares of Adani Ports & Special …

Adani woes spur protests as stock turmoil turns political
1 year, 10 months ago

Adani woes spur protests as stock turmoil turns political

Associated Press  

NEW DELHI — Hundreds of demonstrators from India’s main opposition party turned out Monday in India’s capital New Delhi and other cities demanding an investigation into allegations of fraud and stock price manipulation by India’s second-biggest business group, headed by coal mining tycoon Gautam Adani. The Adani Group said Monday that its major investors, known in India as “promoters,” had …

Adani Group stocks fall further in morning trade
1 year, 10 months ago

Adani Group stocks fall further in morning trade

The Hindu  

Shares of Adani Group firms tumbled further on the bourses, with shares of Adani Enterprises witnessing a fall of 9.50% as investors continue to offload their holdings. Shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar were trading 5% down each on the BSE, while Adani Transmission slipped 10%. In addition, other Adani Group stocks, such …

Adani-Hindenburg row: Aswath Damodaran pin points this flaw in global eco system
1 year, 10 months ago

Adani-Hindenburg row: Aswath Damodaran pin points this flaw in global eco system

Live Mint  

Adani-Hindenburg row: Amid falling Adani group stock prices valuation guru Aswath Damodaran has pointed out a flaw in global economic system that opened a window of opportunity to Gautam Adani and his company. In his blog titled 'Musings on Markets', Aswath Damodaran wrote, "There is another seam or weakness in the global economic setting that Adani Enterprises exploited, and that …

Adani sell-off continues amid protests by India’s opposition
1 year, 10 months ago

Adani sell-off continues amid protests by India’s opposition

Al Jazeera  

Seven listed Adani Group firms see a sell-off worth $112bn in under two weeks as the opposition widens protests. Legislators of India’s main opposition party have kicked off protests at some state-run companies over the crisis at Adani Group, whose seven listed firms saw another sell-off that drove their market loss to $112bn in less than two weeks. Members of …

Aswath Damodaran values Adani Enterprises stock at ₹947 per share
1 year, 10 months ago

Aswath Damodaran values Adani Enterprises stock at ₹947 per share

Live Mint  

Aswath Damodaran feels the share price of Adani Enterprises was over stretched when it was valued at at $53 billion. In fact, a valuation of Adani Enterprises with upbeat assumptions on revenue growth and operating margins, and without factoring any of the Hindenburg accusations of fraud and malfeasance, yields a value of just about ₹945 per share, well below the …

Explained | What made the Adani Group call off its FPO?
1 year, 10 months ago

Explained | What made the Adani Group call off its FPO?

The Hindu  

The story so far: Adani Enterprises decided on February 1 to call off its ₹20,000 crore follow-on public offer and return the money that it had collected from investors. Adani Enterprises, the flagship holding company of the Adani Group, planned to raise ₹20,000 crore through an FPO that closed last week. The shares that were allocated to be sold to …

Inside the 19-hour Adani embroglio that led to scrapping of $2.5 billion FPO
1 year, 10 months ago

Inside the 19-hour Adani embroglio that led to scrapping of $2.5 billion FPO

Hindustan Times  

A beaming Gautam Adani stood beside Israeli Prime Minister Benjamin Netanyahu on Tuesday, looking relaxed as hundreds of people gathered for the ceremonial signing at the Haifa Port, which the Indian billionaire is co-developing. An artist gives final touches to a painting of Gautam Adani, depicting the ongoing crisis of the Adani group, in Mumbai, The 60-year-old tycoon had reason …

Adani crash stalls Parliament; Opposition seeks JPC probe
1 year, 10 months ago

Adani crash stalls Parliament; Opposition seeks JPC probe

The Hindu  

Parliament failed to function on Thursday, in the face of persistent demands by the Opposition for a debate on the high exposure of public financial institutions – mainly the State Bank of India and the Life Insurance Corporation -- to the Adani group, and the impact on them following the Hindenburg report alleging round-tripping of money by the group. United …

Adani Group crisis updates: Adani Enterprises shares at lowest since Mar'22
1 year, 10 months ago

Adani Group crisis updates: Adani Enterprises shares at lowest since Mar'22

Hindustan Times  

Adani-Hindenburg issue updates: Billionaire Gautam Adani, facing allegations of pulling off the 'largest fraud' in corporate history, on Thursday issued a video message to investors, explaining the decision behind his flagship firm, Adani Enterprises, withdrawing a fully subscribed follow-on public offer. But considering the volatility of the market seen yesterday, our board strongly felt that it wouldn't have been morally …

Adani stocks continue to plunge after FPO removal
1 year, 10 months ago

Adani stocks continue to plunge after FPO removal

The Hindu  

Even after scraping ₹20,000 crore FPO, the shares of Adani Group companies plunged further with the flagship Adani Enterprises dropping by 26% while stocks of other listed entities continued on free fall mode on Thursday. The market has not paid heed to Ahmedabad based billionaire Gautam Adani’s reassurance, who in a video message said, “For me, the interest of my …

$2.5 billion share sale cancelled; Adani Enterprises tumble over 28%
1 year, 10 months ago

$2.5 billion share sale cancelled; Adani Enterprises tumble over 28%

Hindustan Times  

Under-fire Indian tycoon Gautam Adani insisted Thursday that the fundamentals of his conglomerate were "strong" even as shares in its companies plunged again after the group cancelled a multi-billion-dollar stock sale. The Adani Enterprises board said in a late-night statement it had decided not to proceed with the share sale "in the interest of its subscribers" and all payments would …

Interest of my investors is paramount, says Gautam Adani after calling off FPO
1 year, 10 months ago

Interest of my investors is paramount, says Gautam Adani after calling off FPO

Deccan Chronicle  

New Delhi: A day after deciding not to go-ahead with the fully subscribed Follow-on Public Offer, Adani Enterprises Ltd chairman Gautam Adani on Thursday said it would not be "morally correct" to go ahead with the Rs 20,000-crore share in the current market condition. On Monday, an Abu Dhabi-based diversified conglomerate International Holding Company announced that it will invest about …

Withdrew FPO to insulate investors from potential losses: Adani
1 year, 10 months ago

Withdrew FPO to insulate investors from potential losses: Adani

Live Mint  

Mumbai: Billionaire Gautam Adani on Thursday said that his group's flagship firm Adani Enterprises withdrew its ₹20,000 crore share sale to insulate investors from potential losses. The embattled firm late on Wednesday called off the follow on public offer as allegations by Hindenburg Research trigged a rout in Adani Group stocks wiping off billions in market value. But considering the …

Adani Enterprises calls off fully subscribed FPO, to return money to investors
1 year, 10 months ago

Adani Enterprises calls off fully subscribed FPO, to return money to investors

Deccan Chronicle  

New Delhi: Adani Enterprises on Wednesday said it has decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer and will return the proceeds to investors. Adani Enterprises, the flagship company of the Adani Group, had a lacklustre start to its FPO, with only a 1 per cent subscription on the first day of the share sale. The …

Gautam Adani speaks for first time after scrapping FPO amid Hindenburg row
1 year, 10 months ago

Gautam Adani speaks for first time after scrapping FPO amid Hindenburg row

Live Mint  

Billionaire Gautam Adani on Thursday said it would not be "morally correct" to go ahead with the ₹20,000-crore share of Adani Enterprises in the current market condition, a day after deciding not to go-ahead with the fully subscribed Follow-on Public Offer. But considering the volatility of the market seen yesterday, the board strongly felt that it would not be morally …

'Too expensive at ₹3,200 when you can...': Mahua Moitra's jibe at Adani FPO
1 year, 10 months ago

'Too expensive at ₹3,200 when you can...': Mahua Moitra's jibe at Adani FPO

Hindustan Times  

Trinamool Congress MP Mahua Moitra on Wednesday hit out at billionaire Gautam Adani after his flagship firm called off its $2.5 billion share sale as a rout sparked by a US short-seller's report wiped billions more off the value of the Indian tycoon's stocks. Amid reports claiming Adani Group likely bought into its own $2.5 billion share sale that was …

'Investors' Interest Paramount': Adani Withdraws FPO as Stocks Continue to Tank
1 year, 10 months ago

'Investors' Interest Paramount': Adani Withdraws FPO as Stocks Continue to Tank

The Quint  

Adani Enterprises on Wednesday, 1 February, called off the Rs 20,000 crore follow-on public offer as its stocks witnessed fluctuations for a fifth day. On Wednesday, the stocks remained volatile, with Adani Total Gas and Adani Power in free fall, even as Adani Wilmar and Adani Ports and SEZ managed some recovery. Adani's statement: In a statement on Wednesday, the …

Adani group company’s bonds fall to distressed levels after FPO withdrawal
1 year, 10 months ago

Adani group company’s bonds fall to distressed levels after FPO withdrawal

Live Mint  

After withdrawal of Adani Enterprises FPO on Wednesday, Adani group company's bonds fell down to distressed levels. As per the Trade data, Adani Ports & Special Economic Zone or APSEZ's 3.375% bond due in July 2024 fell the most in global secondary markets as it logged decline to the tune of 20 cents on the dollar to 69.75 cents in …

Gautam Adani says, "Interest of investors is paramount and everything else is secondary" – India TV
1 year, 10 months ago

Gautam Adani says, "Interest of investors is paramount and everything else is secondary" – India TV

India TV News  

Gautam Adani after withdrawing FPO: Adani Enterprises late on Wednesday decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer. Emphasising that the interest of the investors is paramount and everything is secondary, Gautam Adani, Chairman, Adani Group in a video message to the investors said, "After a fully subscribed FPO, yesterday's decision of its withdrawal would've surprised …

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