Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions
3 months ago

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions

Live Mint  

The Adani group has created a war chest of $5-7 billion for acquisitions over the next six months, reviving an aggressive growth strategy that had defined the airports-to-electricity conglomerate before US-based short-seller Hindenburg Research hit it with its alarming allegations. Two people directly aware of the Adani group’s plans said the conglomerate plans to acquire companies primarily in cement, airports, defence, ports, power, and consumer goods this financial year. The Adani group’s acquisition strategy seeks to capitalise on the rising demand in the infrastructure and building materials space; India’s emphasis on becoming self-reliant in defence capabilities; the country’s ambitions to compete with China in the international trade route connecting India with West Asia, Africa and Europe; India’s growing need for energy, and increasing consumer demand for ready-to-cook edibles and spices, according to the two persons familiar with the group’s plans. The Adani group’s acquisition plans also include takeovers of companies through Adani Power Ltd, Adani Enterprises Ltd, and its fast-moving consumer goods subsidiary Adani Wilmar Ltd, the first person said. The Adani group also owns ACC Ltd. “We can expect in the next six months to one year the total capacity of Adani Cement to be around 120 mtpa," this person said.

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History of this topic

Adani Ports shares to be in spotlight today. Here's why
Trending News
1 week, 5 days ago

Adani Ports shares to be in spotlight today. Here's why

India Today  

Shares of Adani Ports & Special Economic Zone Ltd are likely to be in the spotlight in Wednesday’s trading session after the company announced it would not seek funding from the US International Development Finance Corporation for a Sri Lankan port project. In a filing with the stock exchanges, Adani Ports shared that the Colombo West International Terminal project in …

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 …

Is Adani Ports stock at Rs 1,960? Here's what brokerages say
3 weeks ago

Is Adani Ports stock at Rs 1,960? Here's what brokerages say

India Today  

Shares of Adani Ports and Special Economic Zone have been in focus over the past few sessions, with analysts projecting a strong growth outlook despite recent challenges. Kotak Institutional Equities has a fair value of Rs 1,630, while Motilal Oswal Financial Services has pegged it at Rs 1,530, both maintaining their ‘Buy’ ratings. Operating cash flow is expected to grow …

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 …

No money given to Adani so far for Sri Lankan port project, says US development agency
3 weeks, 6 days ago

No money given to Adani so far for Sri Lankan port project, says US development agency

Live Mint  

Mumbai: The US International Development Finance Corporation, which last year committed a half-a-billion-dollar loan to the Adani group for developing a port in Sri Lanka, has not yet disbursed any money to the Indian conglomerate. Incidentally, GQG Partners informed its investors last week that it had built up positions in Adani group companies as new data emerged, including the DFC’s …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
4 weeks ago

Adani bonds slide to year low as investors and lenders weigh bribery allegations

Live Mint  

Adani dollar bond prices fell on Monday to almost one-year lows, as investors cut their exposure to the Indian conglomerate and some bankers considered pausing fresh lending in the wake of bribery and fraud accusations by U.S. authorities The group's billionaire chairman, Gautam Adani, and seven other people were last week charged with agreeing to pay around $265 million in …

Adani's Sri Lanka port project under US scrutiny amid bribery allegations
4 weeks ago

Adani's Sri Lanka port project under US scrutiny amid bribery allegations

India Today  

A US agency said on Sunday that it is reviewing the impact of Department of Justice bribery allegations against the founder of India's Adani Group on the agency's prior agreement to lend more than USD 550 million to a Sri Lankan port development backed by the group. The US International Development Finance Corporation last November said it would provide USD …

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 …

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 …

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 …

Adani Group to invest $10 billion in US energy and infrastructure projects
1 month, 1 week ago

Adani Group to invest $10 billion in US energy and infrastructure projects

Live Mint  

Adani Group founder and chairman Gautam Adani said in a social media post on platform X on Wednesday, November 13, that the company will invest $10 billion in energy and infrastructure projects in the United States. The Adani Group Chair announced the company's aims to expand the partnership between India and the United States by leveraging its global expertise and …

Gautam Adani has a new $5 billion business idea in mind
1 month, 1 week ago

Gautam Adani has a new $5 billion business idea in mind

Live Mint  

The Adani Group is planning a $5 billion foray into India's metals business, two years after marking its mega entry into the country's cement sector. The two people said since the group, which aims to reach 50GW in renewable energy by 20230, itself needs a lot of aluminium for manufacturing solar panels, frames, stands, and wind turbines, the plan to …

Adani Ports registers 47% profit growth, 21% revenue in April-June quarter
4 months, 3 weeks ago

Adani Ports registers 47% profit growth, 21% revenue in April-June quarter

Hindustan Times  

Adani Ports and Special Economic Zone on Thursday reported that its net profit or profit after tax jumped 47 per cent year-on-year during the April-June quarter to ₹3,107 crore, its earnings results showed. A general view of a container terminal is seen at Mundra Port, one of the ports handled by India's Adani Ports and Special Economic Zone Ltd, During …

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 …

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 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 …

Adani Ports share price 2% lower, ₹913-crore equities change hands: What's happening
8 months, 2 weeks ago

Adani Ports share price 2% lower, ₹913-crore equities change hands: What's happening

Hindustan Times  

Adani Ports share price: Shares of Adani Ports fell 2 per cent today. Adani Ports share price: A general view of a container terminal is seen at Mundra Port, one of the ports handled by Adani Ports and Special Economic Zone Ltd. Adani Ports monthly updates This comes after Adani Ports released its monthly updates reporting its highest-ever monthly cargo …

Adani Ports to buy 95% of Odisha's Gopalpur Port for $162 million: What we know so far on the deal
8 months, 3 weeks ago

Adani Ports to buy 95% of Odisha's Gopalpur Port for $162 million: What we know so far on the deal

Hindustan Times  

Adani Ports said that it will buy a 95% stake in Odisha's Gopalpur Port for an equity value of 13.49 billion rupees. As per the deal- whose enterprise value is ₹30.80 billion, Adani Ports will purchase a 56% stake in Gopalpur Port from real-estate conglomerate Shapoorji Pallonji Group and a 39% stake from Orissa Stevedores. Karan Adani, managing director at …

Adani Group to invest 70 per cent of total investments in green energy: Sources
9 months ago

Adani Group to invest 70 per cent of total investments in green energy: Sources

India TV News  

Business news: The Adani Group is likely to invest over 70 per cent of its total investments towards green energy, including renewable power, green hydrogen and green evacuation transmission line, sources said. According to sources, Adani Group is planning to invest USD 14 billion in the 2024-25 financial year through its portfolio of 11 listed companies, in developing the country's …

Adani Group to invest ₹1.2 lakh crore in FY 2024-25 through 11 companies
9 months ago

Adani Group to invest ₹1.2 lakh crore in FY 2024-25 through 11 companies

Op India  

Adani Group plans to invest USD 14 billion in 2024-25 financial year through its portfolio of 11 listed companies, in developing the country’s infrastructure, according to sources. India’s largest infrastructure conglomerate with showcase projects like Navi Mumbai Airport, Ganga Expressway, world’s largest renewable park at Khavda and Mundra Port has committed a USD 100 billion investment over the next 7-10 …

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 …

With India's aviation industry soaring, this Adani stock could be a big winner
9 months, 1 week ago

With India's aviation industry soaring, this Adani stock could be a big winner

Live Mint  

India is set to become the world’s third-largest air passenger market by 2030, after China and the US, as per the International Air Transport Association. Where the Adani Group Fits in India’s Aviation Sector Adani Airport Holdings, with an integrated airport network comprising seven operational brownfields and one under-construction greenfield airport, is well poised to be a huge beneficiary of …

Adani Group plans mega defence sector investments in next 10 years, cites this reason
9 months, 2 weeks ago

Adani Group plans mega defence sector investments in next 10 years, cites this reason

Hindustan Times  

The Adani Group will make big investments in the defence sector in the next 10 years in accordance with the Centre's push for self-reliance in defence manufacturing. The Adani Group is going to make big investments in the defence sector in the next 10 years Last month, the Adani Group firm had inaugurated two mega facilities to manufacture ammunition and …

Adani unveils South Asia's largest ammunition manufacturing complex in UP, Army chief lauds ‘milestone'
9 months, 3 weeks ago

Adani unveils South Asia's largest ammunition manufacturing complex in UP, Army chief lauds ‘milestone'

India TV News  

In a major push to the ‘Atmanirbhar Bharat’ initiative in India’s defence sector, two mega facilities to manufacture ammunition and missiles by Adani Defence & Aerospace, a part of the Adani Group, were inaugurated in Uttar Pradesh’s Kanpur on Monday. The South Asia's largest ammunition manufacturing complex is aimed at providing significant impetus to the nation’s self-reliance and technological advancement …

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

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus
11 months, 2 weeks ago

Adani Ports share surge over 5 per cent as company returns to bond market after two years hiatus

India TV News  

Adani Ports and Special Economic Zone shares rose 5.22 per cent in early trade on Tuesday to hit a 52-week high of Rs 1,229.90 after the company said on Monday that it plans to enter the bond market after a two-year hiatus. At the concluding session of the event, organised by the ruling DMK government, formal agreements were inked between …

Adani Ports board approves raising up to ₹5,000 crore
11 months, 2 weeks ago

Adani Ports board approves raising up to ₹5,000 crore

Live Mint  

Adani Ports and Special Economic Zone Limited, on January 3, announced that its board of directors had granted approval for the mobilization of funds, with a cap of ₹5,000 crore, through a public issuance of non-convertible debentures. “We wish to inform you that the board of directors of Adani Ports and Special Economic Zone Limited has at its meeting held …

Adani Group eyeing opportunities in neighbouring countries, says Karan Adani
1 year, 1 month ago

Adani Group eyeing opportunities in neighbouring countries, says Karan Adani

Live Mint  

Days after announcing a significant $553 million investment from the United States government for its West Container Terminal in Colombo, Sri Lanka, Karan Adani, CEO of Adani Group told reporters Adani Ports is eyeing further “opportunities in our neighboring countries", Bloomberg reported. The investment is not only a strategic move for the Adani Group but also signals Washington's endorsement of …

Israel-Hamas war impact? Adani Ports share price down about 7% in October so far
1 year, 1 month ago

Israel-Hamas war impact? Adani Ports share price down about 7% in October so far

Live Mint  

Adani Ports share price declined 0.26 per cent to close at ₹769.10 on BSE on Wednesday, October 25, following the company's announcement of incorporating its wholly owned subsidiary firm Udanvat Leasing IFSC Limited. "Adani Ports and Special Economic Zone has incorporated a wholly owned subsidiary company Udanvat Leasing IFSC Limited on October 23, 2023," said Adani Port and Special Economic …

Adani Ports share price rises 3% as brokerages expect up to 28% upside potential
1 year, 2 months ago

Adani Ports share price rises 3% as brokerages expect up to 28% upside potential

Live Mint  

Adani Ports & Special Economic Zone Ltd share price rebounded over 3% on Tuesday's session after tumbling by almost 5% on Monday due to concerns about conflict in Israel, where the company owns a key port. Adani Ports share price opened at an intraday low of ₹799.95 apiece on BSE. Analysts indicated that even in the worst case, the impact …

‘All safe,’ says Adani Port as stock drops amid Israel's Haifa Port concerns post Hamas attack
1 year, 2 months ago

‘All safe,’ says Adani Port as stock drops amid Israel's Haifa Port concerns post Hamas attack

Hindustan Times  

Gautam Adani-led Adani Ports and SEZ Limited, which acquired Israel's Haifa port earlier this year, said on Monday that their business remains safe amidst the recent Hamas attack and ensuing conflict. Adani Group Chairman Gautam Adani with Israel PM Benjamin Netanyahu during a handing over ceremony of Haifa Port to Adani, Israel. Israel-Hamas War LIVE Updates The shares of Adani …

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. …

Hindenburg 2.0? Adani Enterprises, Adani Ports shares fall after OCCRP report
1 year, 3 months ago

Hindenburg 2.0? Adani Enterprises, Adani Ports shares fall after OCCRP report

India Today  

Shares of Adani Group companies fell sharply on Thursday after a report suggested that Adani Group’s family partners used ‘opaque’ funds to invest in millions of shares of the conglomerate’s publicly listed companies. OCCRP's allegations The OCCRP report alleges that Adani Group routed investments in its publicly traded stocks through these hidden Mauritius funds. Despite the strong response from the …

What has India’s Adani Group now been accused of?
1 year, 3 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 Ports, Adani Ent shares among top 10 largecap buys by mutual funds in July
1 year, 4 months ago

Adani Ports, Adani Ent shares among top 10 largecap buys by mutual funds in July

Live Mint  

The Indian equity benchmark indices continued their rally for the fifth consecutive month in July 2023. Mutual funds bought 65.98 crore shares of Coal India worth ₹15,125 crore last month. Similarly, they purchased Bajaj Auto shares worth ₹5,617 crore, HDFC Life Insurance Company shares worth ₹6,186 crore and Godrej Consumer shares worth ₹4,811 crore. The fund houses bought 1.5 crore …

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 Ports, Adani Ent share price gain over 2-3%; Here’s why
1 year, 5 months ago

Adani Ports, Adani Ent share price gain over 2-3%; Here’s why

Live Mint  

Adani Group stocks gained around 2% to 3% each on Monday, with Adani Enterprises share price rallying over 3%. The Adani Group on July 15 announced the commissioning of India’s first transnational project at Godda in Jharkhand to supply power to the Bangladesh electricity grid. Gautam Adani, Chairman of Adani Group, called on Bangladesh Prime Minister Sheikh Hasina in Dhaka …

Adani Power to Adani Ports: Adani shares trade red. Market cap dips ₹52,000 cr
1 year, 6 months ago

Adani Power to Adani Ports: Adani shares trade red. Market cap dips ₹52,000 cr

Live Mint  

Adani shares have been under sell off heat since early morning deals on Friday. All ten Adani group shares are in red territory since opening bell where Adani Enterprises share price has corrected maximum. According to stock market experts, all Adani group shares are nosediving today as US regulators are enquiring about Adani group's representations to US-based investors. Reason for …

Adani Group in talks to refinance up to $3.8 billion debt: Report
1 year, 6 months ago

Adani Group in talks to refinance up to $3.8 billion debt: Report

Hindustan Times  

Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter. A panel of experts appointed by the Supreme Court said in a report last month that there’s no regulatory failure or …

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 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 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 …

Adani Enterprise Q4 net profit more than doubles, signaling recovery from Hindenburg row
1 year, 7 months ago

Adani Enterprise Q4 net profit more than doubles, signaling recovery from Hindenburg row

Hindustan Times  

Adani Enterprises Ltd.’s latest quarterly profit more than doubled as billionaire Gautam Adani’s flagship firm seems to recovered from a scathing short seller attack earlier this year that wiped out more than $100 billion off the conglomerate’s market value. Adani Enterprise Q4 results The Ahmedabad, Gujarat-based company posted a net income of 7.22 billion rupees for the quarter ended March …

$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 …

Adani Group stocks recover day after falling sharply. Here's why
1 year, 8 months ago

Adani Group stocks recover day after falling sharply. Here's why

India Today  

Shares of all 10 listed companies of the Adani Group advanced on Tuesday, registering a strong recovery after yesterday’s steep fall. Recovery after clarification on debt repayments The recovery comes after Adani Group CFO Jugeshinder Singh refuted a news report which questioned its recent debt repayments. Hours after he rejected the claim, the company also issued a statement, where it …

Adani group stocks: Nine are down in FY23, expect once; mcap tanks
1 year, 8 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 …

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