TotalEnergies halts Adani investments; GQG bets on Indian govt backing amid US bribery charges
4 weeks ago

TotalEnergies halts Adani investments; GQG bets on Indian govt backing amid US bribery charges

Live Mint  

Two of the largest investors in the Adani group have made contrasting investment decisions after US authorities indicted Gautam Adani and two other directors in a $250 million bribery case. French oil giant TotalEnergies, which has invested $3.85 billion in Adani group companies since 2019, said on Monday that it had decided to hold off on new investments until the allegations are clarified. ‘Not aware of investigation’ TotalEnergies, which has a 50% stake in three joint ventures with Adani Green Energy Ltd and a 37.4% stake in Adani Total Gas Ltd, had put on hold all new investments in Adani group companies following Hindenburg’s allegations in January last year. ‘No material impact’ Rajiv Jain-led GQG Partners said in its note to investors that it expects the bribe investigations to have no material impact on Adani group companies. GQG Partners’ shares tumbled 20% on the Australian Securities Exchange on 20 November following the indictment of Adani Green executives, including group founder and chairman Gautam Adani.

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History of this topic

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, 1 day 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 group stocks: Why Adani Green Energy shares will be in focus today
3 weeks, 1 day ago

Adani group stocks: Why Adani Green Energy shares will be in focus today

India Today  

Shares of Adani Green Energy Ltd are expected to draw investor attention today following significant developments within the Adani group. Adani group’s Chief Financial Officer, Jugeshinder Singh, said that they may consider reviving their previously scrapped dollar bond between April and June next year. The group is also exploring the possibility of public bond sales for other firms within the …

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’
Trending News
3 weeks, 2 days ago

Gautam Adani breaks silence on bribery charges in US: ‘Every attack makes us stronger and…’

Live Mint  

Adani Group Chairman Gautam Adani on Saturday, November 30, responded to the alleged bribery and fraud allegations against the conglomerate, saying that the legal matter involving the US Department of Justice is a challenge which the Group has faced "not for the first time". What I can tell you is that every attack makes us stronger and every obstacle becomes …

Japanese Banks sticking with Adani as Jefferies, Barclays review ties
3 weeks, 4 days ago

Japanese Banks sticking with Adani as Jefferies, Barclays review ties

Live Mint  

-- Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to people familiar with the …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 5 days ago

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore

ABP News  

Adani Group witnessed a significant turnaround in investor sentiment on Wednesday, with its market capitalisation swelling by Rs 1.2 lakh crore in a single trading session. This remarkable 10 per cent surge came as legal clarifications eased concerns over alleged bribery charges, which had previously dampened confidence. Leading the rally were Adani Power and Adani Total Gas, both of which …

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations
Top News
3 weeks, 6 days ago

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations

ABP News  

Shares of Adani Group companies saw a significant rally during morning trade on Wednesday, recovering from the losses incurred the previous day. Adani Energy Solutions led the surge, soaring 7.71 per cent, followed by gains in other group companies, signaling investor confidence despite ongoing allegations against the conglomerate. Adani Power climbed 5.96 per cent, Adani Total Gas rose 4.70 per …

Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
3 weeks, 6 days ago

Adani Group shares rally after clarification on US bribery charges. Is the worst over?

India Today  

Adani Group shares surged on Wednesday, rallying by up to 20% after a clarification from Adani Green Energy addressed concerns related to US bribery charges. Other group companies, including Adani Green Energy, Adani Energy Solutions, Adani Ports and Special Economic Zone, and Adani Wilmar, saw gains ranging from 8% to 10%. The rally followed a statement from Adani Green Energy …

Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?
Top News
4 weeks ago

Adani ‘bribery’ case: Is Andhra Pradesh planning to cancel power deal with Adani Group?

Live Mint  

The Andhra Pradesh state government is reviewing official files and will explore if there is a possibility of cancelling a power supply contract linked to the Adani Group, reported the news agency Reuters, quoting Finance Minister of the State, Payyavula Keshav, on November 26. The indictment release from the US authorities also said that after payment of the alleged bribes …

Adani Green Denies New Financial Commitment With TotalEnergies
4 weeks ago

Adani Green Denies New Financial Commitment With TotalEnergies

ABP News  

Adani Green Energy Limited on Tuesday refuted reports claiming that French energy giant TotalEnergies had suspended new financial commitments to the company following allegations from the US Securities and Exchange Commission. On Monday, French energy conglomerate TotalEnergies announced it would halt further investments in Adani Group companies due to corruption allegations filed by the US SEC. The allegations, submitted in …

‘No new investments until…’: France's TotalEnergies amid bribery charges against Adani Group
4 weeks ago

‘No new investments until…’: France's TotalEnergies amid bribery charges against Adani Group

Hindustan Times  

French energy giant TotalEnergies SE on Monday said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. TotalEnergies holds a 19.75 per cent stake in Adani Green Energy Ltd - the renewable energy arm of the Indian group helmed by Gautam Adani. The …

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why
Trending News
4 weeks ago

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why

Live Mint  

GQG Partners, one of the biggest foreign institutional investors in Adani Group, decided not to sell its stake in the conglomerate. According to the disclosure, the American investment giant has a total exposure of $9.7 billion to the Adani Group of companies on a total asset base of $158.6 billion, marking up to 6.1 per cent of the company's total …

Total Energies pauses investments into Adani Group on bribery charges
4 weeks, 1 day ago

Total Energies pauses investments into Adani Group on bribery charges

Al Jazeera  

The impact of a US indictment of the group’s chairman is spreading as multiple projects say they are reviewing deals with Adani. French oil major TotalEnergies has halted investments in the Adani Group after the Indian ports-to-power conglomerate was engulfed in a crisis over an alleged multimillion-dollar bribery scheme. The US indictment document said that following the payment of alleged …

Bribery Scheme: More trouble for Adani Group as partners, investors review ties
4 weeks, 1 day ago

Bribery Scheme: More trouble for Adani Group as partners, investors review ties

New Indian Express  

The Adani Group is facing escalating challenges after being criminally indicted by a US federal court last week on corruption charges. In further bad news for the Ahmedabad-based conglomerate, its largest foreign investor, France’s Total Energies, announced on Monday that it will halt any new financial contributions to Adani Group companies. In a statement issued on Monday, Total Energies said: …

Adani Group stocks in trouble again! What should investors do now?
1 month ago

Adani Group stocks in trouble again! What should investors do now?

Live Mint  

Adani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades. U.S. prosecutors indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. He noted that heightened scrutiny and unresolved …

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%
1 month ago

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%

Live Mint  

Adani group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Power and Adani Total Gas, staged a decent rebound from early losses to trade in the green on Friday. The price movement in Adani group shares comes after a sharp slump seen in the previous session following the latest news on Gautam Adani's scrutiny by the US court. Adani …

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days
1 month ago

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days

Live Mint  

Gautam Adani news: Following the latest news on Gautam Adani's scrutiny by the US court, Adani Group shares extended the selling spree for the second straight day. Adani Green share price today opened at ₹1,085 apiece on the NSE and touched an intraday low of ₹1,021 apiece, logging around 28 per cent correction in the last two straight sessions. Other …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report
1 month ago

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report

Hindustan Times  

Credit rating agency Moody’s has said the bribery charges against Gautam Adani, the chairman of Adani Group, would be seen as a credit negative for the conglomerate's companies, Money Control reported. A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York “The indictment of Adani Group's chairman and other senior officials on bribery …

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 …

Shares in India’s Adani Group plunge 20% after US bribery, fraud indictments
1 month ago

Shares in India’s Adani Group plunge 20% after US bribery, fraud indictments

Associated Press  

NEW DELHI — One of Asia’s richest men, Indian tycoon Gautam Adani, is again in the spotlight. India’s main opposition also demanded a parliamentary committee probe into Adani Group dealings, which Jairam Ramesh, a leader of the Congress Party, said are causing “growing monopolization in key sectors of the Indian economy, fueling inflation, and posing huge foreign policy challenges as …

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 …

Gautam Adani indicted in US for bribery: What do we know so far?
1 month ago

Gautam Adani indicted in US for bribery: What do we know so far?

The Hindu  

A U.S. court has indicted Gautam Adani, his nephew Sagar Adani and six others on charges of duping investors and bribery. Gautam Adani, one of the world’s richest individuals, has been indicted by the U.S. Securities and Exchange Commission on charges of deceiving investors by concealing that his company’s major solar energy project on the subcontinent was being facilitated through …

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 indicted | Opposition seeks probe into US charges: ‘Vindicates Congress’s demand’
1 month ago

Adani indicted | Opposition seeks probe into US charges: ‘Vindicates Congress’s demand’

Hindustan Times  

As billionaire Gautam Adani faces charges in the US for alleged bribery and fraud, the Opposition on Thursday intensified its attack on the Centre over its alleged links with the Adani Group. Indian billionaire Gautam Adani speaks Gautam Adani has been charged in the US with allegedly paying $250 million in bribes to Indian officials between 2020 and 2024 to …

GQG Partners shares plunge 20% after Gautam Adani charged over bribery scheme by US
1 month ago

GQG Partners shares plunge 20% after Gautam Adani charged over bribery scheme by US

Live Mint  

Shares of Australia-listed fund manager GQG Partners, which is a large shareholder in India’s Adani Group stocks, plunged 20% on Thursday, November 21. The sharp fall in GQG Partners shares comes amid media reports that it was reviewing its investments in Adani Group after US prosecutors charged the Indian conglomerate’s chairman Gautam Adani over an alleged bribery and fraud scheme. …

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 …

Gautam Adani faces bribery charges, stocks plunge up to 23%. 5 things to know
1 month ago

Gautam Adani faces bribery charges, stocks plunge up to 23%. 5 things to know

India Today  

Gautam Adani, the founder and chairperson of the Adani Group, is facing bribery charges filed by US prosecutors. The allegations claim that Gautam Adani, his nephew Sagar Adani, and others paid Rs 2,029 crore in bribes to secure solar energy contracts in India. ADANI GROUP REFUTES ALLEGATIONS The Adani Group has strongly denied allegations of bribery and securities fraud levelled …

Adani Group issues statement on bribery charges, abandons $600 million bond deal
1 month ago

Adani Group issues statement on bribery charges, abandons $600 million bond deal

India Today  

The Adani Group has cancelled its USD 600 million bond offering after US prosecutors accused Gautam Adani and other executives of orchestrating a USD 250 million bribery scheme. The indictment adds to the group’s challenges following a tumultuous period since 2023, when the Hindenburg Research report accused Adani of stock manipulation and fraud, erasing $150 billion in market value. ADANI …

Adani group's legal turmoil: A cautionary tale for global investors
1 month ago

Adani group's legal turmoil: A cautionary tale for global investors

India Today  

The Adani Group, a conglomerate at the forefront of India’s infrastructure and energy sectors, is currently engulfed in a significant legal and financial controversy that has reverberated across global markets. This legal setback has not only tarnished Adani's reputation but has also triggered a substantial decline in the stock prices of several key companies within the group. For instance, Adani …

Adani Group subsidiary cancels $600 million bond sale after US indictment
1 month ago

Adani Group subsidiary cancels $600 million bond sale after US indictment

New Indian Express  

MUMBAI: Indian conglomerate Adani Group's green energy subsidiary said Thursday it had cancelled a US dollar-denominated bond sale, in its first statement acknowledging US criminal charges against billionaire founder Gautam Adani. "In light of these developments, our subsidiaries have presently decided not to proceed with the proposed USD-denominated bond offerings," Adani Green Energy's statement said. Gautam Adani, chairman of the …

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
1 month ago

US charges tycoon Gautam Adani with defrauding investors, hiding plan to bribe Indian officials

Associated Press  

NEW YORK — An Indian businessman who is one of the world’s richest people has been indicted in the U.S. on charges he duped investors by concealing that his company’s huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Adani’s co-defendants include his nephew Sagar Adani, the executive director of Adani Green Energy’s board, …

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme
1 month ago

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme

NPR  

U.S. charges Indian billionaire with defrauding investors, hiding bribery scheme toggle caption Ajit Solanki/AP NEW YORK — An Indian businessman who is one of the world's richest people has been indicted in the U.S. on charges he duped investors by concealing that his company's huge solar energy project on the subcontinent was being facilitated by an alleged bribery scheme. Sponsor …

TotalEnergies deepens ties with India's Adani Green with $444 mln JV
3 months, 2 weeks ago

TotalEnergies deepens ties with India's Adani Green with $444 mln JV

The Hindu  

TotalEnergies will form a joint venture with India's Adani Green Energy Ltd. in a deal in which the French oil giant will contribute an equity investment of $444 million, it said on Tuesday. The two firms had formed a JV in September 2023 worth $300 million, which gave Total "direct access to ownership of assets" contributed by Adani Green — …

Adani, a Year Later: Investors Are Embracing India’s Humbled Champion
10 months, 3 weeks ago

Adani, a Year Later: Investors Are Embracing India’s Humbled Champion

Live Mint  

A year ago Adani Group, India’s infrastructure poster child, lost over $100 billion in market value in a matter of days following the publication of a short-seller report. Adani Enterprises, the group’s flagship, has clawed back 90% of the market value it had lost since Hindenburg’s report, alleging stock manipulation and accounting fraud, was published on Jan. 24, 2023. Gross …

GQG Partners ups India play, picks up 5.96% in Patanjali
1 year, 5 months ago

GQG Partners ups India play, picks up 5.96% in Patanjali

Live Mint  

Mumbai: Baba Ramdev-founded Patanjali Foods Ltd on Monday said that Rajiv Jain-led investment management firm GQG Partners Llc bought a 5.96% stake in the company on 14 July in the company’s ongoing offer-for-sale. Considering GQG Partners' investment is worth around ₹2,639.4 crore, this implies the US-based firm invested in Patanjali at a price of ₹1,223.35 a share. In addition, GQG …

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 Green to consider fundraising on 6 July
1 year, 5 months ago

Adani Green to consider fundraising on 6 July

Live Mint  

Billionaire Gautam Adani's renewable energy company, Adani Green on Tuesday said its board would consider a proposal to raise funds by way of issuance of shares or other securities on 6 July. In a BSE filing, Adani Green informed, "A meeting of the board of directors of Adani Green Energy Limited will be held on Thursday, July 06, 2023, at …

Adani Group shares tumble after reports of US regulatory scrutiny
1 year, 6 months ago

Adani Group shares tumble after reports of US regulatory scrutiny

India Today  

Shares of Adani Group plummeted on Friday following a report indicating that US authorities are scrutinising the conglomerate's representations to investors, prompted by US short-seller Hindenburg Research's scathing report. Institutional investors holding significant stakes in Adani Group companies have reportedly received inquiries from the US Attorney's Office in Brooklyn, New York, according to Bloomberg's sources. Hindenburg effect Hindenburg Research's report, …

Adani Group draws regulatory scrutiny in the US after Hindenburg report
1 year, 6 months ago

Adani Group draws regulatory scrutiny in the US after Hindenburg report

Live Mint  

US authorities, including the Securities and Exchange Commission and the Attorney’s Office in Brooklyn, New York, are enquiring about the representations made by Adani Group to its American investors in the wake of the Hindenburg Research’s report that accused the company of using offshore companies to manipulate its share prices, Bloomberg reported. The institutional investors with large holdings in the …

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 …

GQG pumps up to $500mn more into Adani group cos
1 year, 6 months ago

GQG pumps up to $500mn more into Adani group cos

Live Mint  

Mumbai: GQG Partners, which invested $1.87 billion in four Adani group companies in the first week of March, has pumped in another $330 million-$530 million into these companies since then, demonstrating the investor’s continued interest in the ports to renewable energy conglomerate. View Full Image Graphic: Mint On 2 March, the Adani group disclosed that GQG had invested ₹15,446 crore …

GQG’s Rajiv Jain raises Adani stake by 10% for $3.5 billion bet
1 year, 7 months ago

GQG’s Rajiv Jain raises Adani stake by 10% for $3.5 billion bet

Live Mint  

Veteran investor Rajiv Jain’s GQG Partners LLC has increased its stake in billionaire Gautam Adani’s conglomerate by about 10%. The US-based investment firm will also take part in the conglomerate’s future fund raising, doubling down on what he calls “the best infrastructure assets available in India.” “Within five years, we would like to be one of the largest investors in …

$2.6 bn stake sale money came in group firms: Adani counters Rahul Gandhi's 'Rs 20,000 Crore' claim
1 year, 8 months ago

$2.6 bn stake sale money came in group firms: Adani counters Rahul Gandhi's 'Rs 20,000 Crore' claim

India Today  

Countering Congress leader Rahul Gandhi’s claim of Rs 20,000 crore coming in billionaire Gautam Adani's shell companies, Adani group on Monday listed out details of the USD 2.87 billion stake sales in group firms since 2019 and how USD 2.55 billion of this was ploughed back into business. While investors such as Abu Dhabi-based global strategic investment company, International Holding …

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 …

GQG likely to increase Adani investment, says founder Rahul Jain
1 year, 9 months ago

GQG likely to increase Adani investment, says founder Rahul Jain

The Hindu  

GQG Partners would likely expand its investment in the Adani Group, the fund firm's founder Rajiv Jain said on March 8, a week after its $1.9 billion infusion into the embattled Indian conglomerate. GQG Partners, co-founded by Mr. Jain in 2016, bought shares worth $1.87 billion in four Adani Group companies, marking the first major investment in the Indian conglomerate …

Adani Group pre-pays ₹73.74 billion worth share-backed financing
1 year, 9 months ago

Adani Group pre-pays ₹73.74 billion worth share-backed financing

Hindustan Times  

Embattled Indian conglomerate Adani said on Tuesday it prepaid share-backed financing of 73.74 billion rupees, as part of its promoters' commitment to cut overall leverage backed by shares of the Group's listed companies. Adani group said on Tuesday it prepaid share-backed financing of ₹ 73.74 billion. The billionaire Gautam Adani-led Adani Group has been looking to ease concerns about its …

GQG's Rajiv Jain to meet Australian investors after Rs 15,000 crore Adani investment
1 year, 9 months ago

GQG's Rajiv Jain to meet Australian investors after Rs 15,000 crore Adani investment

India Today  

GQG Partners chairman and chief investment officer Rajiv Jain is set to meet clients and investors in Australia later this week, where he is expected to explain the firm’s rationale behind the Rs 15,446 crore investment in four Adani Group companies. Jain recently opened up about the investment firm’s decision to invest in the Adani Group despite the carnage faced …

Adani, IT stocks shine; all sectors in the green: Top market updates
1 year, 9 months ago

Adani, IT stocks shine; all sectors in the green: Top market updates

Hindustan Times  

Benchmark stock indices in India rose substantially to start the fresh week's trade on Monday. The equity market opened on a strong note on Monday, with the benchmark crossing the 60,000 level and Nifty making strong gains amid positive global cues. There has been a rise in high-weightage financial and information technology stocks after strong economic data from the United …

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