Mint Quick Edit | Adani’s food JV exit isn’t hard to understand
2 months, 4 weeks ago

Mint Quick Edit | Adani’s food JV exit isn’t hard to understand

Live Mint  

Adani Enterprises Ltd is set to sell its entire 44% stake in Adani Wilmar Ltd, its joint venture with the Singapore-based food processing company Wilmar International. Lence Pte, a unit of Wilmar International, will buy 31% of Adani Wilmar’s shares held by Adani Commodities, a unit of Adani Enterprises, which will offload its own 13% holding. As a consumer-facing business, Adani Wilmar is best known for its Fortune brand of edible oils that was extended to packaged household staples like rice and flour. Given India’s recent failure to ease rigidities in its farm sector, packaged food prospects may also have dimmed lately.

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History of this topic

Stock picks for today as recommended by India’s top market experts
3 weeks, 1 day ago

Stock picks for today as recommended by India’s top market experts

Live Mint  

Here are the top stock recommendations for today by NeoTrader’s Raja Venkatraman, Ankush Bajaj, and MarketSmith India. NeoTrader co-founder Raja Venkatraman’s top stock picks for today Yuken India Ltd Buy above: ₹785 | Stop loss: ₹763 | Target: ₹885 The capital goods sector is going through a rough patch, but this counter has shown some resolve. Gulf Oil Lubricants India …

Adani Wilmar to acquire Tops ketchup maker G.D. Foods
3 weeks, 3 days ago

Adani Wilmar to acquire Tops ketchup maker G.D. Foods

Live Mint  

Packaged goods company Adani Wilmar Ltd on Tuesday signed the deal to take over smaller player G.D. Foods Manufacturing Pvt. The acquisition will be executed in multiple tranches, with 80% of the shares to be bought in the first tranche at an enterprise value of ₹603 crore, and the remaining 20% to be acquired over the next three years, Adani …

Adani Group to invest ₹1.10 lakh crore in Madhya Pradesh; additional ₹1 lakh crore in pipeline
1 month ago

Adani Group to invest ₹1.10 lakh crore in Madhya Pradesh; additional ₹1 lakh crore in pipeline

Live Mint  

Strengthening its presence in the country, diversified conglomerate Adani Group on Monday, February 24 announced plans to invest ₹1,10,000 crore in Madhya Pradesh across sectors like pumped storage, cement, mining, smart meters and thermal energy. Speaking at Madhya Pradesh Global Investors Summit 2025, Gautam Adani, Chairman of the Adani Group, reaffirmed the Group’s commitment to the state, highlighting what he …

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment
1 month, 2 weeks ago

Adani Power to Adani Green: Adani Group stocks rise after US Congressmen demand probe against Gautam Adani’s indictment

Live Mint  

Adani Group stocks rallied up to 4% on Tuesday after reports that few US Congressmen have written to the newly appointed Attorney General of the United States demanding a probe into the previous Department of Justice's indictment of Adani Group officials Adani Enterprises share price and Adani Power share price jumped more than 4% each, while Adani Green Energy shares …

Adani Enterprises Q3 Results: Consolidated net profit tanks 88% to ₹228.64 crore, total income down 8%
1 month, 4 weeks ago

Adani Enterprises Q3 Results: Consolidated net profit tanks 88% to ₹228.64 crore, total income down 8%

Live Mint  

Adani Enterprises Q3 Results: Adani Group flagship Adani Enterprises announced its results for the quarter ended December 2024 on Thursday, January 29. The company posted a consolidated net profit of ₹228.64 crore a massive 88 percent YoY decline from ₹1,972.75 crore in the same quarter last year. Meanwhile, the company's profit attributable to owners saw a sharp decline in the …

Adani Wilmar Q3 profit more than doubles to ₹411 crore
2 months ago

Adani Wilmar Q3 profit more than doubles to ₹411 crore

The Hindu  

Adani Wilmar on Monday posted over a twofold jump in consolidated net profit at ₹410.93 crore for December quarter 2024-25 on strong edible oil sales. Revenue from edible oil segment increased to ₹13,386.71 crore from ₹9,710.82 crore in the year-ago period. Adani Wilmar Managing Director and CEO Angshu Mallick said, "The company has been delivering strong profits over the last …

Adani Wilmar Q3 Results: Net profit jumps 105% YoY to ₹411 crore; revenue surges 31%
2 months ago

Adani Wilmar Q3 Results: Net profit jumps 105% YoY to ₹411 crore; revenue surges 31%

Live Mint  

Adani Wilmar Q3 results: Adani Wilmar released its December quarter performance today, January 27, reporting a 105% jump in its consolidated net profit to ₹411 crore in Q3FY25, which is the highest-ever quarterly PAT for the company. The company recorded revenue of ₹16,859 crore in Q3FY25, representing a growth of 31% YoY, with an underlying volume growth of 5% YoY. …

Adani Wilmar's New Integrated Food Plant in Haryana Set to Transform Local Economy
2 months ago

Adani Wilmar's New Integrated Food Plant in Haryana Set to Transform Local Economy

Deccan Chronicle  

~ Major milestone with first dispatch of 100 tonnes of rice from Gohana facility ~ ~ Expected to generate 2000 jobs through direct and indirect employment ~ Adani Wilmar Limited, one of India's largest Foods FMCG companies, marked a significant milestone with the commencement of operations at its integrated food processing plant in Gohana, Dist. Angshu Mallick, MD & CEO …

Adani Group offloads 13.51% stake in Adani Wilmar. Details here
2 months, 1 week ago

Adani Group offloads 13.51% stake in Adani Wilmar. Details here

Live Mint  

Shares of Adani Wilmar remained flat on Thursday, January 16, even as other Adani Group stocks witnessed gains. The muted response in Adani Wilmar's stock came after Adani Commodities LLP, a promoter entity of the company, announced the sale of a 13.51 percent stake in Adani Wilmar. In a regulatory filing, Adani Commodities LLP disclosed the details of the stake …

Adani Group shares rise as Hindenburg founder disbands short-seller
2 months, 1 week ago

Adani Group shares rise as Hindenburg founder disbands short-seller

The Hindu  

Adani Group company shares rose sharply on Thursday morning at stock exchanges hours after Hindenburg Research founder Nate Anderson announced his decision to disband the entity. On Wednesday Mr. Anderson said that it has completed the projects it was handling.he plan has been to wind up after we finished the pipeline of ideas we were working on,” Anderson said Wednesday. …

Adani Power, Adani Green to Adani Enterprises — Why are Adani group shares skyrocketing? EXPLAINED
Trending News
2 months, 2 weeks ago

Adani Power, Adani Green to Adani Enterprises — Why are Adani group shares skyrocketing? EXPLAINED

Live Mint  

Shares of Adani group companies witnessed strong buying action in trade on Tuesday, January 14, with all the group companies trading in the green. According to market experts, the rise in Adani group shares follows a speculative buzz around fundraising plans. Adani group shares are rising due to speculative buzz about the fundraising, said Anshul Jain, Head of Research at …

Adani Wilmar share price falls 8% to hit 52-week low. Here's why
2 months, 2 weeks ago

Adani Wilmar share price falls 8% to hit 52-week low. Here's why

India Today  

Adani Wilmar shares saw a sharp decline on Monday, falling over 8% to hit their 52-week low as the company’s second day of its Offer for Sale kicked off. The decline in Adani Wilmar’s share price is primarily linked to its OFS, where shares are being offered at a discounted price. This could bring the total shares sold to 20% …

Adani Group to raise ₹7,148 crore from Adani Wilmar stake sale
Trending News
2 months, 2 weeks ago

Adani Group to raise ₹7,148 crore from Adani Wilmar stake sale

The Hindu  

The Adani Group will raise ₹7,148 crore from sale of up to 20% stake in FMCG firm Adani Wilmar in the open market as part of its strategy to exit non-core activities to focus on infrastructure business. The conglomerate, which last month announced its exit from Adani Wilmar by selling the bulk of its stake to a joint venture partner, …

Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS
2 months, 2 weeks ago

Adani Wilmar shares slide 9% as promoter looks to divest 20% stake via OFS

Live Mint  

Shares of Adani Wilmar fell 9.5% in early trade on January 10, hitting ₹292.65 per share. The OFS price has been set at ₹275 per share, representing a 15% discount compared to Adani Wilmar's closing price on Thursday. As part of this plan, the company intended to sell a 13.5 per cent stake to meet the minimum public shareholding requirements, …

Explained: Why Adani Wilmar share price fell over 9% today
2 months, 2 weeks ago

Explained: Why Adani Wilmar share price fell over 9% today

India Today  

The share price of Adani Wilmar Ltd dropped sharply in early trade on Friday, falling over 9%. Adani Commodities LLP is offering up to 17,54,56,612 shares, which accounts for 13.50% of the total issued and paid-up equity share capital of Adani Wilmar. Additionally, Adani Commodities LLP has announced the option to sell up to 8,44,79,110 more shares, which represents 6.50% …

Adani Group to sell 20% stake in Adani Wilmar via OFS, floor price set at ₹275
2 months, 2 weeks ago

Adani Group to sell 20% stake in Adani Wilmar via OFS, floor price set at ₹275

Live Mint  

FMCG player Adani Wilmar is expected to draw attention on Friday, January 10, following the Thursday evening announcement that its founder plans to divest a stake in the company via an Offer For Sale. Adani Commodities, the promoter entity of Adani Wilmar under the Adani Group, plans to divest a 13.5 per cent stake, equivalent to 17.54 crore shares, through …

Adani Wilmar stocks recover as share price rises 5% in ealry trade
2 months, 3 weeks 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 …

Stock to buy for long-term: Ventura sees 50% upside in this Adani stock over 2 years
2 months, 4 weeks ago

Stock to buy for long-term: Ventura sees 50% upside in this Adani stock over 2 years

Live Mint  

Stock to buy for long-term: Adani Enterprises, a diversified conglomerate, has faced a challenging year in 2024, with its stock down by 11 per cent year-to-date. However, brokerage firm Ventura Securities believes the company is poised for a strong recovery and could deliver a potential upside of around 50 per cent over the next two years. Adani Enterprises Target Price …

Adani Wilmar share price cracks 8% as Adani Enterprises to exit JV with Wilmar group
2 months, 4 weeks ago

Adani Wilmar share price cracks 8% as Adani Enterprises to exit JV with Wilmar group

Live Mint  

Adani Wilmar share price plunged nearly 8% in early trade on Tuesday after Adani Enterprises announced it would exit its joint venture with Singapore’s Wilmar group. Adani Enterprises said it will sell its entire 43.94% stake in Adani Wilmar Ltd. Adani Wilmar had a market capitalization of ₹42,824 crore at market close on Monday, valuing Adani’s stake in the fast-moving …

Stocks to watch today: Adani Enterprises, Adani Wilmar, EaseMyTrip, ITC, Zomato
2 months, 4 weeks 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
2 months, 4 weeks 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
2 months, 4 weeks 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
2 months, 4 weeks 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
2 months, 4 weeks 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 Wilmar Share Price Today on 28-11-2024: Adani Wilmar share price are up by 0.51%, Nifty down by -0.73%
4 months ago

Adani Wilmar Share Price Today on 28-11-2024: Adani Wilmar share price are up by 0.51%, Nifty down by -0.73%

Live Mint  

Adani Wilmar Share Price Today on 28-11-2024: At 28 Nov 11:26 today, Adani Wilmar shares are trading at price ₹316.5, 0.51% up from the previous closing price. On the technical front, the stock is trading above the 5 days SMA & lower than the 10,20,50,100,300 day SMA. The stock will have support at 5 days SMA & face resistance at …

Adani stocks crash over 20% after Gautam Adani indicted by US over alleged $250 million bribe plot
4 months, 1 week ago

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

Hindustan Times  

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

Explained: Why Adani Enterprises shares fell 15% today
4 months, 1 week ago

Explained: Why Adani Enterprises shares fell 15% today

India Today  

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

Adani Group to invest $10 billion in US energy and infrastructure projects
4 months, 2 weeks 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 …

Adani Wilmar Share Price Today on 13-11-2024: Adani Wilmar share price are down by -2.7%, Nifty down by -1.36%
4 months, 2 weeks ago

Adani Wilmar Share Price Today on 13-11-2024: Adani Wilmar share price are down by -2.7%, Nifty down by -1.36%

Live Mint  

Adani Wilmar Share Price Today on 13-11-2024: At 13 Nov 16:01 today, Adani Wilmar shares are trading at price ₹324.45, -2.7% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Adani Wilmar Share Price Today on 11-11-2024: Adani Wilmar share price are down by -1.8%, Nifty down by -0.03%
4 months, 2 weeks ago

Adani Wilmar Share Price Today on 11-11-2024: Adani Wilmar share price are down by -1.8%, Nifty down by -0.03%

Live Mint  

Adani Wilmar Share Price Today on 11-11-2024: At 11 Nov 16:00 today, Adani Wilmar shares are trading at price ₹327.75, -1.8% down from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Adani Energy Solutions shares tumble over 9%; here’s why
4 months, 3 weeks ago

Adani Energy Solutions shares tumble over 9%; here’s why

Live Mint  

Shares of Adani Energy Solutions tumbled 9.3% to ₹975 per share in intraday trade on Thursday, November 7 after the MSCI’s latest rebalancing announcement excluded the Adani Group company from its Global Standard Index. In a release, MSCI cited publicly available disclosures indicating that Adani Energy Solutions had been issued a show cause notice by the Securities and Exchange Board …

Adani Wilmar Share Price Today on 06-11-2024: Adani Wilmar share price are up by 0.34%, Nifty up by 1.12%
4 months, 3 weeks ago

Adani Wilmar Share Price Today on 06-11-2024: Adani Wilmar share price are up by 0.34%, Nifty up by 1.12%

Live Mint  

Adani Wilmar Share Price Today on 06-11-2024: At 06 Nov 16:01 today, Adani Wilmar shares are trading at price ₹343.4, 0.34% up from the previous closing price. On the technical front, the stock is trading above the 5,10,20 days SMA & lower than the 50,100,300 day SMA. The stock will have support at 5,10,20 days SMA & face resistance at …

Adani Wilmar Shares: A Pricey Climb and a Pricey Dip
4 months, 4 weeks ago

Adani Wilmar Shares: A Pricey Climb and a Pricey Dip

Live Mint  

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

Adani Wilmar share are up by 1.41%, Nifty up by 0.57%
6 months ago

Adani Wilmar share are up by 1.41%, Nifty up by 0.57%

Live Mint  

Adani Wilmar Share Price Today on : At 23 Sep 16:00 today, Adani Wilmar shares are trading at price ₹351.4, 1.41% up from the previous closing price. On the technical front, the stock is trading above the 100 days SMA & lower than the 5,10,20,50,300 day SMA. The stock will have support at 100 days SMA & face resistance at …

Adani Group stocks plunge up to 17% following Hindenburg's latest claims
7 months, 2 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 Wilmar to invest ₹600 crore to expand edible oil business, solar power capacity
7 months, 4 weeks ago

Adani Wilmar to invest ₹600 crore to expand edible oil business, solar power capacity

Hindustan Times  

Adani Wilmar Ltd plans to invest around ₹600 crore this fiscal mainly to expand its processing capacities of edible oil business and will launch more food products for consumers as well as institutional buyers to achieve higher growth in volume terms, its MD & CEO Angshu Malick said on Tuesday. In edible oil which is the main business, we achieved …

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

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

Hindustan Times  

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

Adani Group, Wilmar exploring to sell $670 million stake in JV: Report
8 months, 1 week ago

Adani Group, Wilmar exploring to sell $670 million stake in JV: Report

Hindustan Times  

Gautam Adani and Wilmar International Ltd. are in early talks with banks to sell a minority stake in their consumer joint venture Adani Wilmar Ltd, Bloomberg reported citing people in the know. This will help the company abide by shareholding regulations, the report added as the owners are exploring selling equal stakes that may total 13% in Mumbai-listed Adani Wilmar. …

Gautam Adani raises stake in Adani Enterprises, buys more from open market
9 months, 2 weeks 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 …

Adani Group shares tumble; Adani Ports plunges 20 pc
9 months, 3 weeks ago

Adani Group shares tumble; Adani Ports plunges 20 pc

The Hindu  

Shares of all Adani Group companies tumbled on Tuesday as the initial trend showed BJP winning a lesser number of seats than predicted in exit polls. The stock of Adani Ports plummeted 20 per cent, Adani Energy Solutions plunged 19.80 per cent, Adani Power slumped 19.76 per cent, Ambuja Cements tumbled 19.20 per cent and the group's flagship firm Adani …

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
9 months, 3 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 gets board nod to raise Rs 16,600 crore via QIP
10 months ago

Adani Enterprises gets board nod to raise Rs 16,600 crore via QIP

Business Standard  

The board of Adani Enterprises, the flagship firm of the conglomerate, on Tuesday approved raising Rs 16,600 crore by way of qualified institutional placement of shares or any other instruments, it told stock exchanges in a statement. The approval came a day after its transmission tower firm, Adani Energy Solutions, cleared plans to raise Rs 12,500 crore by way of …

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

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

The Hindu  

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

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

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

Hindustan Times  

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

Adani Enterprises Q3 Results: Net Profit Rises Twofold To Rs 1,888 Crore On Robust Performance
1 year, 1 month ago

Adani Enterprises Q3 Results: Net Profit Rises Twofold To Rs 1,888 Crore On Robust Performance

ABP News  

Gautam Adani-led Adani Enterprises Ltd on Thursday said its third quarter net profit more than doubled on the back of robust performance in new energy, airports and road businesses. The conglomerat's et profit of Rs 1,888 crore in October-December, the third quarter of fiscal year starting April 1, 2023, is compared with Rs 820 crore earning in the same period …

What's happening? Adani stocks fire up, surge between 7 to 23%
1 year, 1 month ago

What's happening? Adani stocks fire up, surge between 7 to 23%

Hindustan Times  

Shares of all Adani Group firms rose by nearly 6 percent today owing to multiple factors like talks of fund raising which lifted the stocks led by flagship Adani Enterprises. According to the international brokerage firm Cantor Fitzgerald, Adani Enterprises is at the core of everything India needs which makes “AEL a unique long-term investment opportunity. Shares of Adani Energy …

Adani Group frees pledged shares worth ₹ 2,878 crore in Q3
1 year, 2 months ago

Adani Group frees pledged shares worth ₹ 2,878 crore in Q3

Live Mint  

MUMBAI : Infrastructure conglomerate Adani Group has released pledged shares worth ₹2,878 crore related to four of its companies during the December quarter, BSE data analyzed by Mint showed. The group released a total 28.67 million pledged promoter shares across Adani Enterprises Ltd, Adani Green Energy Ltd, Adani Ports and Special Economic Zone Ltd, and Adani Energy Solutions Ltd. In …

Adani Group to invest Rs 8700 crores in JDU-RJD-ruled Bihar across sectors
1 year, 3 months ago

Adani Group to invest Rs 8700 crores in JDU-RJD-ruled Bihar across sectors

Op India  

On Thursday, the Adani Group announced a significant commitment to amplify its investments in Bihar, aiming to increase the conglomerate’s financial commitment to the state tenfold. Pranav Adani, Managing Director of Adani Enterprises, shared during the Bihar Business Connect 2023 event that the group plans to boost its current investment in the state from Rs 850 crore to a substantial …

Adani upswell adds 65% to Tuesday’s stock market gain
1 year, 3 months ago

Adani upswell adds 65% to Tuesday’s stock market gain

Live Mint  

Mumbai: The Adani group was the star of the stock markets on Tuesday, with its 10 listed companies contributing over 65% of the day’s overall market gains. On a day the market gained ₹2.9 trillion, investors in Adani group companies turned wealthier by ₹1.9 trillion, marking the biggest single-day jump in value for the infrastructure conglomerate. GQG Partners has pumped …

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