Ambuja Cements, ACC shares crash as Adani Group stocks extend decline
1 year, 10 months ago

Ambuja Cements, ACC shares crash as Adani Group stocks extend decline

Live Mint  

Shares of Ambuja Cement, ACC Ltd plunged along with Adani Group stocks in Friday's trading session as stocks of all 10 listed companies related to the Ahmedabad-based Adani group with interests from energy to infrastructure and media declined after US investor Hindenburg Research LLC said it was shorting some of them and flagged concerns in a January 24 report about debt levels and the use of tax havens. In a statement later on Twitter, Hindenburg said it fully stands by its report and would in fact welcome any legal action by Adani group. The Adani Group has been diversifying its business interests and last year bought cement firms ACC and Ambuja Cements from Switzerland's Holcim for $10.5 billion. The most-liquid stocks controlled by the Adani Group, Adani Ports and Special Economic Zone Ltd and Ambuja Cements, are also the most vulnerable in the event of an extended selloff in the diversified conglomerate’s shares, as per Bloomberg Intelligence analyst Nitin Chanduka.

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History of this topic

Adani Group approves merger of Sanghi Industries, Penna Cements with Ambuja Cements
6 days, 14 hours ago

Adani Group approves merger of Sanghi Industries, Penna Cements with Ambuja Cements

Live Mint  

Ambuja Cements merger: The Adani Group-owned Ambuja Cements will merge the acquired companies Saurashtra-based Sanghi Industries and Andhra Pradesh-based Penna Cement Industries with itself. Ambuja Cements holds 58.08 per cent of Sanghi Industries' paid-up equity share capital. As part of the deal's completion, Ambuja Cements also executed a trade to acquire 54.51 per cent of the voting share capital from …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
2 weeks, 6 days ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 weeks ago

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience

ABP News  

Shares of Adani Green Energy Ltd witnessed a sharp jump of 9 per cent on Monday, trading at Rs 1,445 on the BSE, following a defiant statement from Adani Group chairman Gautam Adani. Performance of Adani Group Stocks While Adani Green Energy saw significant gains, other group stocks showed mixed results: Adani Ports rose 2 per cent, Ambuja Cements gained …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
3 weeks, 4 days ago

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today

India Today  

Adani Group stocks rallied sharply on Friday, climbing up to 15% as investors responded positively to clarifications on the US bribery case and assurances of financial stability. Most other Adani Group stocks also registered gains in early trade. The rally comes after Japan’s largest lenders, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, reportedly reaffirmed …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

Adani Group: U.S. Department of Justice allegations baseless
1 month ago

Adani Group: U.S. Department of Justice allegations baseless

The Hindu  

Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling them baseless. The apples to airport conglomerate said that they were innocent until proven guilty, referring to a line in …

Allegations and scandals against the Adani Group: A timeline
1 month ago

Allegations and scandals against the Adani Group: A timeline

The Hindu  

With a U.S. court indicting Gautam Adani and seven others on charges of securities and wire fraud, Adani’s stocks nosedived as possible arrest of one of India’s richest businessmen looms large. Adani Green Energy Ltd withdrew its proposed $600 million U.S. dollar denominated bond offering after the Easter New York district court charged the apples to airports conglomerate of bribery …

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how
1 month ago

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how

Live Mint  

Adani Group Stocks: Life Insurance Corporation of India, the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore following a sharp decline in group shares. According to a Reuters report, U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to …

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations
1 month ago

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations

ABP News  

Adani Group share price: Adani Group stocks saw losses on Thursday after US federal prosecutors filed bribery charges against the conglomerate's founder, Gautam Adani. Shares of major group firms, including Adani Enterprises, Adani Green Energy, and Adani Energy Solutions, witnessed declines of 10-20 per cent in early trade on Thursday. Adani Green Energy shares plunged 17 per cent to Rs …

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges
Top News
1 month ago

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges

Live Mint  

Adani Group Stocks: Several Adani Group shares, including those of the flagship firm Adani Enterprises, suffered massive losses and hit their lower circuits in early trade on Thursday, November 21. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company, with …

Ambuja Sets Tough Targets to Fight Competition: A Strategic Expansion Plan for Cement Giant
1 month, 3 weeks ago

Ambuja Sets Tough Targets to Fight Competition: A Strategic Expansion Plan for Cement Giant

Live Mint  

Ambuja Cements Ltd is seeing results from its increased focus on inorganic growth. The company's consolidated volume grew by 8.4% year-on-year to 14.2 million tonnes (mt) in the September quarter (Q2FY25). This outpaces the industry's flat growth and sector leader UltraTech Cement Ltd's 2.7% rise in domestic grey cement volume to 26.4 mt.

Ambuja Cements Q1 profit at ₹789.63 crore, revenue at ₹8,311.48 crore
4 months, 3 weeks ago

Ambuja Cements Q1 profit at ₹789.63 crore, revenue at ₹8,311.48 crore

The Hindu  

Adani Group firm Ambuja Cements Ltd on July 31 reported a consolidated net profit at ₹789.63 crore for the first quarter ended in June 2024. The consolidated results of Ambuja Cements include the financial performance of its step-down firm ACC Ltd in which it owns around 51% stake and Sanghi Industries, a Gujarat-based company which the Adani group acquired last …

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 …

Ambuja Cements share price jumps 3% today, analysts bullish on Adani firm stock
6 months, 1 week ago

Ambuja Cements share price jumps 3% today, analysts bullish on Adani firm stock

Hindustan Times  

Ambuja Cements share price rose more than 3% to hit a 52-week high in early trade today. Emkay Global Financial Services maintained its preference for Ambuja Cements and retained its ‘Buy’ call for Ambuja Cements shares and March 2025 target price at ₹700 per share. Antique Stock Broking maintained a ‘Buy’ rating with Ambuja Cements share price target of ₹700 …

Top five to corner 55 pc market share in cement sector
6 months, 1 week ago

Top five to corner 55 pc market share in cement sector

Deccan Chronicle  

Chennai: Amidst reports of Adani Group exploring more acquisitions in the cement sector, ICRA foresees further consolidation in the sector with top five companies cornering 55 per cent share by next year. According to ICRA, the market share of the top five cement companies witnessed a steep rise to 54 per cent as of December 2023 from 45 per cent …

Ambuja Cements’ acquisition of Penna Cement for ₹10,422 crore raises Adani’s cement market share by 8%
6 months, 1 week ago

Ambuja Cements’ acquisition of Penna Cement for ₹10,422 crore raises Adani’s cement market share by 8%

Live Mint  

Ambuja Cements, an Adani group firm on Thursday, June 13, announced the acquisition of Penna Cement Industries Ltd at an enterprise value of ₹10,422 crore. The acquisition will improve Adani group's share in the cement market pan-India by 2 per cent and 8 per cent in south India, according to a regulatory filing by Ambuja Cements to the stock exchanges. …

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
6 months, 2 weeks ago

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return

Hindustan Times  

Adani Group stocks today: Shares of Gautam Adani's Adani Group surged as much as 16% today following exit polls which indicated that Prime Minister Narendra Modi's led BJP will win in the Lok Sabha elections. Adani Group stocks today: Gautam Adani speaks during an interview in Ahmedabad. Gautam Adani replaces Mukesh Ambani as richest Asian Individually, Adani Enterprises jumped 7 …

Adani Enterprises stock recovers $30 billion lost after Hindenburg report
6 months, 4 weeks ago

Adani Enterprises stock recovers $30 billion lost after Hindenburg report

Hindustan Times  

Shares of Adani Enterprises Ltd- flagship of Gautam Adani’s group- erased all the losses following a short-seller report in early 2023. The conglomerate cut debt and landed major projects owing to which its stock stock crawled back losses of more than $30 billion after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at conglomerate in January 2023. Adani …

Adani infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%
8 months ago

Adani infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%

The Hindu  

Billionaire Gautam Adani’s family infused an additional ₹8,339 crore in Ambuja Cements, raising its stake in the company to 70.3%, to help the cement maker’s manufacturing capacity. “With this, promoters have further strengthened Ambuja post-acquisition, giving Ambuja capital flexibility for accelerated growth, capital management initiatives and best-in-class balance sheet strength to accomplish its various strategic initiatives,” the statement said. Besides …

Adani family infuses ₹8,339 crore in Ambuja Cements, raises stake to 70.3%
8 months ago

Adani family infuses ₹8,339 crore in Ambuja Cements, raises stake to 70.3%

Hindustan Times  

Billionaire Gautam Adani and his family have infused an additional ₹8,339 cr in Ambuja Cements, the company said in a statement, raising their stake in the major cement-producing firm to 70.3 per cent. "We are thrilled to announce completion of Adani family's primary infusion of INR 20,000 Cr in Ambuja," said Ajay Kapur, Whole Time Director and CEO, Ambuja Cements …

Why Ambuja Cements share price trading flat despite stock market crash?
8 months, 1 week ago

Why Ambuja Cements share price trading flat despite stock market crash?

Live Mint  

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low …

Adani Doubles Down on Cement: Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%
8 months, 3 weeks ago

Adani Doubles Down on Cement: Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%

Live Mint  

Indian billionaire Gautam Adani and his family injected $799 million to increase its stake in Ambuja Cements Ltd. as the business tycoon showed signs of confidence in its cement business amid the country’s infrastructure boom. The latest infusion of ₹6,661 crore by the Adani family came after their previous investment of ₹5,000 crore for exercising the warrants issuance approved by …

Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake in company
8 months, 3 weeks ago

Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake in company

Hindustan Times  

Adani family, promoters of Ambuja Cement, infused ₹6,661 crore into the cement and building materials company under the Adani portfolio. Adani family increased their stake in the Ambuja Cement by 3.6 percent to attain 66.7 percent holding. "This strategic move underscores unwavering commitment to have robust capital management philosophy for the portfolio companies and the latest investment testifies the commitment …

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why
9 months ago

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why

Hindustan Times  

Adani Group share price today: Shares of all 10 Adani group companies traded lower today. Adani Enterprises Ltd fell nearly 4 per cent in early trade, while Adani Ports and Special Economic Zone Ltd lost nearly 3 per cent. Adani Wilmar Ltd and Adani Power Ltd were down over a per cent and Adani Total Gas Ltd, Adani Energy Solutions …

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 …

OCCRP reveals foreign investors linked to Adani stock manipulation
1 year, 3 months ago

OCCRP reveals foreign investors linked to Adani stock manipulation

The Hindu  

Published : Sep 05, 2023 11:25 IST - 3 MINS READ On August 31, western media outlets published the findings of The Organized Crime and Corruption Reporting Project, a global network of investigative journalists, which accused the Adani group promoters of using overseas funds as fronts to boost their shareholding in group companies beyond prescribed limits and manipulate stock prices. …

LIC loses more than ₹1,400 crore in six Adani stocks in a day; details here
1 year, 3 months ago

LIC loses more than ₹1,400 crore in six Adani stocks in a day; details here

Live Mint  

Adani News today: Nine out of ten Adani stocks on Thursday closed in the red following fresh allegations made by the Organised Crime and Corruption Reporting Project that the Adani Group's family associates invested millions of dollars through "opaque" Mauritius funds in its own firms. Table: Losses borne by LIC on Thursday due to fall in Adani stocks Company name …

Explained | Decoding the OCCRP’s Adani report
1 year, 3 months ago

Explained | Decoding the OCCRP’s Adani report

The Hindu  

The story so far: In its order dated March 2, on the batch of petitions concerning the Adani-Hindenburg matter, the Supreme Court of India had directed the Securities and Exchange Board of India to conduct investigations in accordance with specific terms of reference. The OCCRP investigation has further revealed that a UAE-based secretive firm named Excel Investment and Advisory Services …

Adani plans $4-5 bn cement bet after Sanghi acquisition
1 year, 4 months ago

Adani plans $4-5 bn cement bet after Sanghi acquisition

Live Mint  

MUMBAI : Adani Group will invest $4 billion-$5 billion to expand its cement capacity to over 100 million tonnes in two years, two people aware of the matter said, on a day the conglomerate made yet another acquisition. “This landmark acquisition is a significant step forward in Ambuja Cements’ accelerating growth journey," said Gautam Adani, the chairman of Adani Group. …

Adani-owned Ambuja cements to buy majority stake in Sanghi Industries: Report
1 year, 4 months ago

Adani-owned Ambuja cements to buy majority stake in Sanghi Industries: Report

Live Mint  

In a bid to strengthen its presence in the cement industry, Adani-owned Ambuja Cements is all set to acquire a majority stake in operations of Sanghi Industries, reported Reuters. Enjoying the position of India's second largest cement producer after UltraTech Cement, Adani owns Ambuja and ACC Ltd. Enjoying its dominance in Gujarat, Sanghi holds a production capacity of 6.1 million …

Barclays, Deutsche Bank, StanChart in talks with Adani to lend upto $750 mn for Ambuja Cements debt
1 year, 4 months ago

Barclays, Deutsche Bank, StanChart in talks with Adani to lend upto $750 mn for Ambuja Cements debt

Live Mint  

Barclays Plc, Deutsche Bank AG and Standard Chartered Plc are in discussions with Adani Group to lend between $600 million and $750 million collectively to refinance the debt taken to fund its purchase of Ambuja Cements Ltd., said a report by Bloomberg on Thursday. AdaniConneX sold $213 million worth of senior debt to finance data center construction in June, while …

Adani Group promoters likely to reduce holdings to create additional liquidity: Report
1 year, 5 months ago

Adani Group promoters likely to reduce holdings to create additional liquidity: Report

India Today  

Over the past few months, promoters of Adani Group have reduced a significant portion of their holdings in group companies following the stake sale to US-based boutique investment firm, GQG Partners. A report suggests that Adani Group promoters may continue to decrease their holdings in the coming months. It is worth mentioning that Adani Group promoters reduced their stakes after …

Adani Group repays $2.65 billion loans to complete prepayment programme
1 year, 6 months ago

Adani Group repays $2.65 billion loans to complete prepayment programme

Live Mint  

The Adani Group has said that it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut the overall leverage in an attempt to win back investor trust after US short seller Hindenburg levelled allegations of stock price manipulation against the port-to-energy conglomerate. In a statement, the Adani group said it has repaid $2.15 billion of loans …

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, 6 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 …

Brokerages hold mixed views on Adani-owned Ambuja Cements post Q4; check details
1 year, 7 months ago

Brokerages hold mixed views on Adani-owned Ambuja Cements post Q4; check details

Live Mint  

For the quarter that ended in March 2023, Ambuja Cements Ltd on Tuesday recorded a 1.5% increase in net profit to ₹502.4 crore. Nuvama Institutional Equities According to the brokerage's analysis, the company's Q1 EBITDA for calendar year 2023 was roughly 14% higher than predicted thanks to higher-than-expected volumes and cost savings, coming in at ₹788.3 crore. The management reiterated …

Ambuja Cements profit up at Rs. 502.4 cr, announces dividend
1 year, 7 months ago

Ambuja Cements profit up at Rs. 502.4 cr, announces dividend

Live Mint  

Adani Group’s newly acquired cement arm Ambuja Cements, on Tuesday, announced a mere 1.6% rise in net profit at Rs. Ajay Kapur, Whole Time Director & CEO, Ambuja Cements said, “Our focus on operational excellence and cost optimisation measures has yielded improved profitability.” According to the exchange filing, Ambuja Cement’s revenue recorded a meek 8.4% increase at Rs. Adani Group, …

Ambuja Cements slips nearly 3% even after Adani prepays $500-million loan
1 year, 9 months ago

Ambuja Cements slips nearly 3% even after Adani prepays $500-million loan

Live Mint  

Shares of Ambuja Cements Ltd, a part of Adani Cement, dipped 2.89 per cent to touch an intraday low of ₹367.40 apiece during Monday's late noon deals even after Gautam Adani-owned conglomerate prepaid $500 million in loans taken for the acquisition of Ambuja Cement. Adani has made a formal request to international lenders to sell 4 per cent to 5 …

Adani repays $2.65 bn debt, releases Ambuja Cem share pledge
1 year, 9 months ago

Adani repays $2.65 bn debt, releases Ambuja Cem share pledge

Live Mint  

Billionaire Gautam Adani has fully repaid $2.15 billion of margin-linked, share-backed funding before its target 31 March deadline, the company said on Sunday. Additionally, Adani also prepaid a $500 million loan facility for acquiring Ambuja Cements Ltd, taking the total prepayment by the Adani family to $2.65 billion. “Adani continues to increase equity in Ambuja financing by prepaying $500 million …

Adani Group repays $2.15-billion loan due before March 31, prepays Ambuja Cements debt
1 year, 9 months ago

Adani Group repays $2.15-billion loan due before March 31, prepays Ambuja Cements debt

The Hindu  

In continuation of its prepaying the finance, the Adani Group has completed full pre-payment of margin-linked share-backed financing aggregating to $2.15 billion before March 31. “The entire prepayment programme of $2.65 billion has been completed within six weeks, which testifies the strong liquidity management and access to capital at sponsor level, supplementing the solid capital prudency adopted at all portfolio …

Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement
1 year, 9 months ago

Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement

India Today  

Embattled Adani Group on Sunday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a statement, Adani group said it has repaid USD 2.15 billion of loans …

Adani seeks to sell stake in Ambuja Cement for $450 mn to reduce debt: Report
1 year, 9 months ago

Adani seeks to sell stake in Ambuja Cement for $450 mn to reduce debt: Report

Hindustan Times  

Gautam Adani is seeking to sell a stake in Ambuja Cement for about $450 million, the Financial Times reported on Friday, citing people familiar with the matter. The embattled Adani Group last year acquired Holcim AG's cement businesses in India – Ambuja Cements and ACC Ltd – for $10.5 billion, its largest-ever acquisition. Adani's latest move comes as the group …

Gautam Adani to sell stake in cement business for $450mn to reduce debt: Report
1 year, 9 months ago

Gautam Adani to sell stake in cement business for $450mn to reduce debt: Report

Live Mint  

Gautam Adani, the chairperson of the Adani Group, is planning to sell stake in the cement business for $450 million with aim to reduce debt, reported Financial Times. Adani is looking to sell 4-5 per cent stake in Ambuja Cement to international lenders, reported Financial Times quoting sources. Earlier, investment firm GQG Partners has bought stake worth ₹15,446 crore in …

Adani Group shares extend rally after GQG's investment, several hit upper circuit
1 year, 9 months ago

Adani Group shares extend rally after GQG's investment, several hit upper circuit

India Today  

Shares of Adani Group continued to rally on Monday, after registering a major recovery last week. Its five other main listed companies – Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy and Adani Wilmar – hit their respective 5 per cent upper circuits. Adani-owned NDTV also hit a 5 per cent upper circuit, while the group’s cement companies …

Adani Group stocks in focus after $1.87 billion investment from US firm GQG
1 year, 9 months ago

Adani Group stocks in focus after $1.87 billion investment from US firm GQG

India Today  

US boutique investment firm GQG Partners Inc has bought shares worth $1.87 billion in four Adani group companies, marking the first major investment in the Indian conglomerate since a short-seller's critical report sparked a stock rout. US-based, Australia-listed GQG has, through block deals, bought shares worth 154.46 billion rupees in four Adani group companies, including the conglomerate's flagship firm Adani …

Adani Group stocks zoom for back-to-back trading sessions. Is the worst over?
1 year, 9 months ago

Adani Group stocks zoom for back-to-back trading sessions. Is the worst over?

India Today  

Shares of 10 listed Adani Group companies jumped sharply on Friday and are expected to end the week on a strong note. Following the strong recovery rally, the market capitalisation of 10 listed Adani Group companies has jumped to over Rs 8 lakh crore. Adani Group stocks have witnessed a strong recovery rally over the past few trading sessions, after …

Adani Enterprises rises from lows on block deal buzz, other Group stocks gain
1 year, 9 months ago

Adani Enterprises rises from lows on block deal buzz, other Group stocks gain

Live Mint  

Shares of Adani Enterprises Ltd rose more than 3% to ₹1,613 apiece from lows after it plunged on the BSE in Thursday's opening deals on reports of a large trade on the flagship company. About 3.5% equity i.e., around 3.9 crore shares of Adani Enterprises worth ₹5,520 crore exchanged hands at an average price of ₹1,408 per share, as per …

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