Adani Enterprises to exit JV with Wilmar in first big move since US indictment
Trending News
1 week, 3 days ago

Adani Enterprises to exit JV with Wilmar in first big move since US indictment

Hindustan Times  

Adani Enterprises Limited on Monday announced its decision to exit its joint venture with Wilmar International Limited through a comprehensive divestment of its stake in Adani Wilmar Limited, the company said in a statement. This marks the Gautam Adani-led company’s first significant transaction since the US Department of Justice indicted the Adani Group in November. With this, the Adani Group aims to strengthen AEL’s incubation capacity, enabling sharper focus on its consumer services divisions, such as Adani Airports and Adani Digital. Additionally, other companies of the group, including Adani Energy Solutions Limited, Ambuja Cements Limited, and Adani Green Energy Limited, collectively raised approximately $2 billion in the same period, bringing the total to $4.5 billion.

Group Limited Adani Wil Ael Awl  exit  group  limited  big  enterprises  adani  statement  wilmar  equity  awl  billion  jv  company  indictment  ael

History of this topic

Adani Wilmar stocks recover as share price rises 5% in ealry trade
1 week, 1 day ago

Adani Wilmar stocks recover as share price rises 5% in ealry trade

India Today  

Shares of Adani Wilmar rebounded in early trading on Wednesday, climbing nearly 5% to reach a high of Rs 323.50 after having closed at Rs 308.25 in the previous session. This recovery follows a sharp decline of 7% on Tuesday after Adani Enterprises Ltd announced its decision to sell its entire 44% stake in Adani Wilmar Ltd. Adani Enterprises, the …

Stocks to watch today: Adani Enterprises, Adani Wilmar, EaseMyTrip, ITC, Zomato
1 week, 2 days ago

Stocks to watch today: Adani Enterprises, Adani Wilmar, EaseMyTrip, ITC, Zomato

India Today  

Stock markets showed signs of resistance on Monday, with the benchmark indices closing in the red after initial gains. Shares of Adani Enterprises, Adani Wilmar, EaseMyTrip, etc will be in the spotlight today due to various developments when markets open for trading. ADANI ENTERPRISES AND ADANI WILMAR Adani Enterprises has decided to exit its 44% stake in Adani Wilmar as …

Adani Enterprises exits JV with Adani Wilmar, raises $2 billion for investment in core infrastructure
1 week, 3 days ago

Adani Enterprises exits JV with Adani Wilmar, raises $2 billion for investment in core infrastructure

Op India  

Adani Enterprises has fully exited its joint venture with Adani Wilmar by selling its 13% stake to comply with minimum public shareholding requirements, according to a media statement released by the business group. Adani Enterprises, Adani Commodities LLP, and Wilmar International’s subsidiary Lence reached an agreement where Lence will acquire the 31.06% stake in Adani Wilmar previously held by ACL, …

Adani Enterprises Inks Deal With Wilmar International, Firm To Completely Exit Adani Wilmar
Top News
1 week, 3 days ago

Adani Enterprises Inks Deal With Wilmar International, Firm To Completely Exit Adani Wilmar

ABP News  

Adani Enterprises Limited inked an agreement on December 30, 2024 with Wilmar International to completely exit the Adani Wilmar joint venture. Issuing an official statement, the conglomerate said, “Lence will acquire all the paid-up equity shares of Adani Wilmar Ltd held by ACL as at the date of exercise of the call option or put option, as the case maybe, …

Adani Enterprises to fully exit Adani Wilmar JV; check details here
1 week, 3 days ago

Adani Enterprises to fully exit Adani Wilmar JV; check details here

Live Mint  

Adani Enterprises Ltd is exiting its 26-year joint venture with Singapore's Wilmar group, raising over $2 billion that it will invest in core businesses such as energy and utilities. The Adani Group flagship on Monday said it will sell its entire 43.94% stake in Adani Wilmar Ltd-31.06% stake to its partner Wilmar International, and the balance to the public. Adani …

Adani Enterprises to sell entire Adani Wilmar stake in $2 billion deal
Trending News
1 week, 3 days ago

Adani Enterprises to sell entire Adani Wilmar stake in $2 billion deal

India Today  

Adani Enterprises Ltd announced on Monday its decision to completely exit its 44% stake in Adani Wilmar Ltd. The stake sale will be executed in two phases: the first involves selling shares to Wilmar International’s subsidiary, Lence Pte Ltd, while the second entails a partial divestment to meet minimum public shareholding requirements. Adani Enterprises and its wholly-owned subsidiary, Adani Commodities …

Adani group loans: Indian lenders kick off a review
1 month, 1 week ago

Adani group loans: Indian lenders kick off a review

The Hindu  

Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered …

Lost nearly $ 55 billion since US indictment: Adani Group
1 month, 1 week ago

Lost nearly $ 55 billion since US indictment: Adani Group

Deccan Chronicle  

New Delhi: India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud. Adani Group issued a stiff denial, describing the charges as "baseless", but it triggered a heavy sell-off of Adani stocks in Mumbai last week, with multiple trading halts. …

Adani Group says it lost nearly $55 billion since US indictment: Report
1 month, 1 week ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Adani Group: U.S. Department of Justice allegations baseless
1 month, 2 weeks 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 …

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, 2 weeks 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 …

Adani floats China subsidiary to provide project management services
4 months ago

Adani floats China subsidiary to provide project management services

The Hindu  

Adani Group has formed a subsidiary in China to carry out the business of providing supply chain solutions and project management services, according to a regulatory filing. Adani Enterprises, the group's flagship firm, in the filing, said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources Co., domiciled in Shanghai, China on September 2, 2024. "AERCL is incorporated …

Adani Group stocks plunge up to 17% following Hindenburg's latest claims
4 months, 4 weeks ago

Adani Group stocks plunge up to 17% following Hindenburg's latest claims

India Today  

Shares of the Adani group dropped by up to 17% in early trading on Monday, following fresh allegations from the US-based short seller firm Hindenburg Research. US-based short seller firm Hindenburg Research on Saturday claimed that whistleblower documents show Securities and Exchange Board of India Chairperson Madhabi Puri Buch had a stake in the obscure offshore entities used in the …

Adani Group rocked by Hindenburg allegations against SEBI
4 months, 4 weeks ago

Adani Group rocked by Hindenburg allegations against SEBI

Al Jazeera  

Adani Group’s stock value plunged by nearly $150bn after Hindenburg Research’s first report in January 2023. Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, has faced another heavy share selloff after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. Buch said the …

Gautam Adani Boosts Ownership in Adani Enterprises by 1.32%
6 months, 3 weeks ago

Gautam Adani Boosts Ownership in Adani Enterprises by 1.32%

Deccan Chronicle  

In a strategic move that underscores confidence in his conglomerate's trajectory, Gautam Adani, the chairman of the Adani Group, has increased his stake in Adani Enterprises by 1.32%. His decision to bolster his ownership stake in Adani Enterprises reflects not only his personal belief in the company's potential but also a broader endorsement of India's economic resilience and growth prospects. …

Adani Enterprises stock recovers $30 billion lost after Hindenburg report
7 months, 2 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 looking to raise ₹21,577 crore for airport, green expansion
10 months, 3 weeks ago

Adani looking to raise ₹21,577 crore for airport, green expansion

Hindustan Times  

Billionaire Gautam Adani's conglomerate Adani Group, after recovering from the Hindenburg Research saga, is expanding towards airport and green energy projects throughout the country. In a bid to fund its green hydrogen projects, Adani's firm is seeking to raise $2.6 billion through top sovereign funds in the Middle East, reported Business Standard. Adani Group looks to raise $2.6 billion Adani …

Adani Group faces fresh allegations on offshore funds
1 year, 4 months ago

Adani Group faces fresh allegations on offshore funds

Live Mint  

The Adani Group faced fresh allegations of opaque financial dealings after a global network of investigative journalists published a report alleging that the company invested millions of dollars in its own companies through secret offshore structures. U.K. Sinha was the Sebi chairman in 2014; earlier this year, he became the chairman of New Delhi Television Ltd, the Delhi-based broadcaster acquired …

What has India’s Adani Group now been accused of?
1 year, 4 months ago

What has India’s Adani Group now been accused of?

Al Jazeera  

Investigative reporters network says it has documents backing Hindenburg’s claims that Adani Group used offshore tax havens to drive up share price. Citing a review of files from multiple tax havens and internal Adani Group emails, the Organised Crime and Corruption Reporting Project said on Thursday that two individual investors – Nasser Ali Shaban Ahli from Dubai and Chang Chung-Ling …

Adani-Hindenburg row | Supreme Court confirms receipt of J. Sapre panel report
1 year, 7 months ago

Adani-Hindenburg row | Supreme Court confirms receipt of J. Sapre panel report

The Hindu  

The Supreme Court on Friday said it will use the weekend to pore over the report submitted by an expert committee led by former of apex court judge, Justice Abhay Manohar Sapre, on Hindenburg Foundation’s allegations of manipulation of share prices and fraud against the Adani group before taking a call on a request by Securities and Exchange Board to …

Adani Wilmar Q4 Earnings: Adani Wilmar reports 60% fall in net profit in Q4FY23, revenue up 7%
1 year, 8 months ago

Adani Wilmar Q4 Earnings: Adani Wilmar reports 60% fall in net profit in Q4FY23, revenue up 7%

Business Standard  

Adani Wilmar on Wednesday reported a 60 per cent fall in its consolidated net profit to Rs 93.6 crore in the quarter ended March 31, as compared to Rs 234.29 crore in the same quarter in 2021-22. In the year ended March 31, 2023, the company's net profit fell 28 per cent to Rs 582 crore as compared to Rs …

Adani group stocks: Nine are down in FY23, expect once; mcap tanks
1 year, 9 months ago

Adani group stocks: Nine are down in FY23, expect once; mcap tanks

Live Mint  

Stocks of seven out of ten listed firms of the Adani Group closed in the red on Friday, with the flagship Adani Enterprises tumbling 2.68 per cent to ₹1,745.95 apiece as investors continued to desert the counters. For the ongoing financial year, Adani Total Gas and Adani Transmission tanked the most, with a fall of 54 per cent. Adani Ports …

Amid SVB collapse, Indian Twitterati mock Hindenburg over Adani
1 year, 9 months ago

Amid SVB collapse, Indian Twitterati mock Hindenburg over Adani

Live Mint  

The California-based Silicon Valley Bank has been abruptly shut down by state regulators after disclosing a $1.8 billion loss from a $21 billion sale of its bond holdings. This news has sparked criticism towards US-based short-seller Hindenburg Research, who previously accused Gautam Adani of pulling the “largest scam in corporate history”. A verified user with the handle of @vikrantkumar wrote, …

Adani flagship Adani Enterprises falls 10% after Wikipedia’s allegation
1 year, 10 months ago

Adani flagship Adani Enterprises falls 10% after Wikipedia’s allegation

The Hindu  

Shares of Adani Enterprises tumbled 10.4% on the BSE on Wednesday to close at ₹1,404.85 after a post in Wikipedia’s online daily ‘The Signpost’ alleged that an employee of the Adani Group had likely manipulated information about the group in entries on the volunteer-contributed online encyclopedia. Shares of Adani Ports declined 6.25%, while those of Adani Power, Adani Transmission, Adani …

Adani group’s market value drops under $100 billion
1 year, 10 months ago

Adani group’s market value drops under $100 billion

The Hindu  

The combined value of Adani Group’s 10 companies — including Adani Ports, Adani Green Energy and Power — fell below the $100 billion mark on February 21, weeks after a searing report by the U.S. short-seller Hindenburg Research. Overall, the Adani Group has lost more than $135 billion in market capitalisation since January 24, when Hindenburg alleged rampant stock manipulation …

Adani credit facilities expose collateral web full of red flags
1 year, 10 months ago

Adani credit facilities expose collateral web full of red flags

Live Mint  

Financing arrangements across the Adani Group conglomerate have sent a fresh chill through ESG markets as investors wake up to a new risk. A Feb. 10 public filing has since made clear that Adani is using stock from its Green companies as collateral in a credit facility that’s helping to finance the Carmichael coal mine in Australia, via Adani Enterprises …

Adani firms end on mixed note; Adani Wilmar climbs 5%
1 year, 10 months ago

Adani firms end on mixed note; Adani Wilmar climbs 5%

The Hindu  

Shares of Adani Group firms ended on a mixed note on Thursday after rallying in the morning trade amid volatile trend in the broader market. Adani Wilmar stock climbed 5%, NDTV rallied 4.99%, Adani Power jumped 4.97%, Adani Ports advanced 1.45%, Adani Enterprises ended 1% higher and Ambuja Cements advanced 0.99% on the BSE. Billionaire Gautam Adani's embattled conglomerate said …

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore
1 year, 10 months ago

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore

The Hindu  

Adani Group flagship Adani Enterprises Ltd. on Tuesday said group companies faced no material refinancing risk, or near-term liquidity issues in the wake of “allegations made by a short seller on the parent and some other entities of the Adani Group” and termed the recent rout in its stock prices as “temporary market volatility”. AEL also reported a third-quarter net …

Adani soothes investors, says group’s plans on track
1 year, 10 months ago

Adani soothes investors, says group’s plans on track

The Hindu  

Amidst continuing slide in its stocks, the embattled Adani Group sought to assure that the group entities have “cash generating assets” and its “plans are on track” ruling out that the current market rout of its listed companies have derailed their plans. The group’s 10 listed entities declined on Monday by 3 to 7% while the shares of the six …

Adani Wilmar Q3 net profit rises 16.5%; shares rally
1 year, 11 months ago

Adani Wilmar Q3 net profit rises 16.5%; shares rally

Live Mint  

Adani Wilmar Ltd on Wednesday reported a 16.5% rise in its Q3 consolidated net profit at ₹246 crore as compared to ₹211 crore in the year-ago quarter. Angshu Mallick, MD & CEO, Adani Wilmar Limited said, "We have been witnessing a consistent demand for safe, hygienic, and nutritious packaged staple food. “The quarter also saw macro tailwinds in the form …

Adani Group mulls independent review after Hindenburg’s criticism
1 year, 11 months ago

Adani Group mulls independent review after Hindenburg’s criticism

Live Mint  

Adani Group is considering independent assessment into the issues of related party transactions, and others made by US shirt seller Hindenburg, according to the filings. Adani Group-led by Gautam Adani has been facing the heat after US short seller Hindenburg Research accused the Adani Group of 'brazen stock manipulation and accounting fraud scheme over the course of decades.' "We draw …

Adani headwinds could spread to other Indian companies seeking ESG financing
1 year, 11 months ago

Adani headwinds could spread to other Indian companies seeking ESG financing

Live Mint  

Mumbai: The strong headwinds faced by the Adani group, which has been at the forefront of issuing international green and sustainability bonds, could impact access to offshore ESG-linked financing plans of other Indian companies, according to environmental, social and governance analysts. According to its website, the Dow Jones Sustainability World Index represents the top 10% of the 2,500 largest companies …

Adani lost $108 billion in a week: ‘Headlines generating negative attention'
1 year, 11 months ago

Adani lost $108 billion in a week: ‘Headlines generating negative attention'

Hindustan Times  

Gautam Adani, the multi-billionaire, is battling the worst crisis of his corporate life. Since the Hindenburg Research report on January 24, accusing the Adani Group of stock manipulation and accounting fraud, it has lost $108 billion in market value, Bloomberg reported. Worst nightmare for Adani Group: > Since Hindenburg's report on January 24, Adani Group companies have lost nearly half …

Gautam Adani, one of India's most powerful men, suffers a rare defeat
1 year, 11 months ago

Gautam Adani, one of India's most powerful men, suffers a rare defeat

Hindustan Times  

India's Gautam Adani, the school dropout who rose to become one of the world's richest men, suffered a stunning defeat on Wednesday when his flagship firm withdrew a blockbuster share sale after an attack by a small U.S. investment firm over his business practices. The move came after Adani's companies lost nearly $86 billion in the stock market as investors …

Centre in touch with SEBI over Hindenburg research on Adani Group: Report
1 year, 11 months ago

Centre in touch with SEBI over Hindenburg research on Adani Group: Report

Hindustan Times  

The Indian government is in touch with the market regulator SEBI regarding the allegations made by a U.S. short seller last week that cast doubts on Adani Group's business practices, a senior government source told Reuters on Wednesday. The share plunge was sparked by a report by Hindenburg Research last week which alleged improper use by the Adani Group of …

Adani-Hindenburg row: All 7 stocks trade in red despite FPO sailing through
1 year, 11 months ago

Adani-Hindenburg row: All 7 stocks trade in red despite FPO sailing through

Live Mint  

Adani-Hindenburg research row: Despite Adani Enterprises FPO getting subscribed over 100 per cent, all 7 Adani group stocks witness sell off pressure in early morning deals. Adani Power share price today opened lower and hit 5 per cent lower circuit within few minutes of market opening. Similarly, Adani Total Gas share price today opened lower and hit 10 per cent …

Food giant Wilmar vows to stand by its venture with Adani Group
1 year, 11 months ago

Food giant Wilmar vows to stand by its venture with Adani Group

Live Mint  

Food giant Wilmar International Ltd. will continue to support its joint venture with India’s under-fire Adani Group, saying a report from short-seller Hindenburg Research had not raised any issues specific to the unit. The sprawling Adani Group, controlled by tycoon Gautam Adani, has been rocked to its core in recent days after Hindenburg Research accused the conglomerate of widespread corporate …

‘Mala fide intention to undermine reputation, damage upcoming FPO’: Adani Group responds to Hindenburg report
1 year, 11 months ago

‘Mala fide intention to undermine reputation, damage upcoming FPO’: Adani Group responds to Hindenburg report

The Hindu  

The Adani Group on January 25, dismissed the Hindenburg report, which claimed that key listed companies in the group had “substantial debt”, as “a malicious combination of selective misinformation and stale, baseless and discredited allegations.” Additionally, it alleged that the report’s objective is to damage the group’s upcoming FPO. Hindenburg Research in its report held short positions in Adani Group, …

Adani Group responds to Hindenburg report, calls it ’malicious’
1 year, 11 months ago

Adani Group responds to Hindenburg report, calls it ’malicious’

Live Mint  

Adani Group termed a Hindenburg Research report on the group “malicious combination of selective misinformation and stale” after the US short seller revealed it held short positions in the group and made wide-ranging accusations. The report is a malicious combination of selective misinformation and stale, baseless and discredited allegations that have been tested and rejected by India’s highest courts,” Adani …

Hindenburg shorts Adani Group, flags debt and accounting concerns
1 year, 11 months ago

Hindenburg shorts Adani Group, flags debt and accounting concerns

The Hindu  

Hindenburg Research said on Wednesday it held short positions in India's Adani Group, accusing the conglomerate of improper extensive use of entities set up in offshore tax havens and expressing concern about high debt levels. Hindenburg, a well known U.S. short-seller, said key listed companies in the group controlled by billionaire Gautam Adani had "substantial debt" which has put the …

Adani Group stocks fall after Hindenburg takes short position
1 year, 11 months ago

Adani Group stocks fall after Hindenburg takes short position

Live Mint  

Hindenburg Research said on Wednesday it holds short positions in Adani Group companies through U.S.-traded bonds and non-Indian-traded derivative instruments, sending shares of companies in the Indian conglomerate sliding. The short-seller said seven Adani listed companies have an 85% downside on a fundamental basis due to sky-high valuations and that "key listed Adani companies have also taken on substantial debt" …

Adani Group plans to split off more business; claims no debt concerns
1 year, 11 months ago

Adani Group plans to split off more business; claims no debt concerns

Hindustan Times  

India's Adani Group, controlled by billionaire Gautam Adani, plans to spin off more businesses by 2028 and dismisses any debt concerns, the group's chief financial officer told Reuters. The Adani group has spun off its power, coal, transmission and green energy business in the last five-seven years. Adani Group's total gross debt in the financial year ending March 31, 2022 …

Indian tycoon Adani’s empire ‘deeply leveraged’: CreditSights
2 years, 4 months ago

Indian tycoon Adani’s empire ‘deeply leveraged’: CreditSights

Al Jazeera  

Indian billionaire Gautam Adani’s conglomerate is “deeply leveraged” as the group invests aggressively across existing and new businesses, said Fitch Group unit CreditSights, warning of a potential default of one or more group companies. “In the worst-case scenario, overly ambitious debt-funded growth plans could eventually spiral into a enormous debt trap, and possibly culminate into a distressed situation or default …

Gautam Adani gets 'Z category' security after Home Ministry acts on IB report
2 years, 4 months ago

Gautam Adani gets 'Z category' security after Home Ministry acts on IB report

India TV News  

Highlights The security to Adani was provided on the basis of a threat perception report received from the IB Gautam Adani will himself bear the expenses of security granted to him Adani Enterprises Ltd on August 4 reported a 76.48 per cent rise in consolidated profit Gautam Adani has been provided 'Z category' security. Adani Enterprises profit rises 76 pc …

Adani Enterprises profit rises 76% to ₹469 crore in June quarter
2 years, 5 months ago

Adani Enterprises profit rises 76% to ₹469 crore in June quarter

The Hindu  

Adani Enterprises Ltd. on Thursday reported a 76.48% rise in consolidated profit at ₹468.74 crore for the first quarter ended June on the back of higher revenue from operations. In a statement, Adani Group Chairman Gautam Adani said the group intends to leverage AEL’s incubation strategy model. AEL’s high growth lays the foundation for the Adani Group to accelerate the …

'Blatantly erroneous and misleading': Adani Group rejects report on FPI account freeze
3 years, 6 months ago

'Blatantly erroneous and misleading': Adani Group rejects report on FPI account freeze

Firstpost  

Shares of Adani group companies plunged on Monday after reports that the National Securities Depository Ltd froze the accounts of the three foreign funds that are among the top stakeholders in the firms New Delhi: Billionaire Gautam Adani’s group on Monday said it has written confirmation that accounts of three foreign funds that are among its top shareholders are not …

Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake
3 years, 11 months ago

Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake

News 18  

Adani Group’s flagship holding company Adani Airport Holdings Ltd has acquired 23.5 per cent stake in the Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division Ltd for Rs 1,685.25 crore. “Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of Rs 10 of Mumbai International Airport Ltd from ACSA Global …

Adani to acquire Mumbai airport
4 years, 4 months ago

Adani to acquire Mumbai airport

Live Mint  

Adani group will take control of India’s second-busiest airport of Mumbai, in the biggest-ever thrust to its ambition to become a top airports operator. The Adani group will also buy the combined 23.5% stake held by Airport Company of South Africa and South Africa’s Bidvest group in MIAL, for which it has obtained the approval of the Competition Commission of …

Adani Group Acquires 74 Percent Stake in Mumbai Airport, Becomes India's Largest Private Operator
4 years, 4 months ago

Adani Group Acquires 74 Percent Stake in Mumbai Airport, Becomes India's Largest Private Operator

News 18  

Billionaire Gautam Adani’s Adani Group has acquired the majority stake at the Mumbai International Airport. Adani now has 74 percent stake in the Chattarpati Shivaji Maharaj International Airport, 50.5 percent of which has been bought from its previous operator GVK Group and 23.5 percent from other minority partners including Airports Company South Africa, and Bidvest Group. This is the first …

Discover Related