Adani Group Acquires 74 Percent Stake in Mumbai Airport, Becomes India's Largest Private Operator
4 years, 6 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 major airport win for Adani Group, one of the largest homegrown conglomerate who has recently entered airport operation business in India. In October, debt-laden GVK Group entered into an agreement to sell 79 per cent of its stake in GVK Airport Holdings for Rs 7,614 crore to the Abu Dhabi Investment Authority, Canada’s Public Sector Pension Investments, and state-owned National Investment and Infrastructure Fund.

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History of this topic

Govt may privatise 11 airports by the end of 2025-26: Report
3 hours, 44 minutes ago

Govt may privatise 11 airports by the end of 2025-26: Report

Hindustan Times  

The government may be planning to sell half a dozen loss-making airports by the end of the financial year 2025-26, bundling them with profitable ones to make them more attractive to investors, Bloomberg reported. His group company Adani Airport Holdings Ltd is currently India's largest airports operator. His group company Adani Airport Holdings Ltd is currently India's largest airports operator, …

Navi Mum airport launch pushed to June
16 hours, 13 minutes ago

Navi Mum airport launch pushed to June

Hindustan Times  

NAVI MUMBAI: The upcoming Navi Mumbai International Airport, which was supposed to be inaugurated in April, will now be opened in June, Gautam Adani, chairman of the Adani group which is constructing the airport, said on Sunday. “A glimpse into India’s aviation future,” Adani said in a post of social media platform X on Sunday, sharing photos of his visit …

‘Inspired’: Gautam Adani tests a gun at defence firm | Watch
1 week, 5 days ago

‘Inspired’: Gautam Adani tests a gun at defence firm | Watch

Hindustan Times  

Billionaire Gautam Adani on Wednesday hailed the efforts at innovation at the Adani Defence and Aerospace in Uttar Pradesh's Kanpur highlighting the missile manufacturing company's role in advancing the vision of 'Atmanirbhar Bharat.' Adani's statement came days after Adani Defence and Aerospace announced the collaboration with DRDO and unveiled India's Vehicle-Mounted Counter-Drone System at Aero India in February. Adani Group …

Adani Group to invest ₹1.10 lakh crore in Madhya Pradesh; additional ₹1 lakh crore in pipeline
3 weeks 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 Group to invest ₹30,000 crore in Kerala over next five years: Karan Adani
3 weeks, 3 days ago

Adani Group to invest ₹30,000 crore in Kerala over next five years: Karan Adani

The Hindu  

Adani Group will invest ₹30,000 crore in Kerala over the next five years, Karan Adani, managing director, Adani Ports and SEZ Ltd, has said. The investments will include ₹5,500 crore to expand operations of the Thiruvananthapuram airport and another ₹20,000-crore additional investment in the Vizhinjam port aimed at turning the facility into the largest transhipment port in this part of …

Jeet Adani and wife Diva Shah pledge to donate Rs 10 lakh each to 500 Divyang brides every year
1 month, 1 week ago

Jeet Adani and wife Diva Shah pledge to donate Rs 10 lakh each to 500 Divyang brides every year

Op India  

Industrialist Gautam Adani on Wednesday announced that his son, Jeet Adani, and his daughter-in-law, Diva, will donate Rs 10 lakh each to 500 specially-able women as a part of ‘Mangal Seva’, a welfare initiative aimed at assisting newly married women with disabilities. Two days before his wedding, Jeet Adani met 21 newly married differently-abled women and their husbands at his …

Despite being targeted by Hindenberg, Indian opposition, and even the Biden administration, Adani Group companies achieve increased profit
1 month, 2 weeks ago

Despite being targeted by Hindenberg, Indian opposition, and even the Biden administration, Adani Group companies achieve increased profit

Op India  

Adani Ports and Special Economic Zone Ltd. on Thursday announced a growth of 32 per cent in its net profits during the first three quarters of the financial year 2024-25. This exceptional nine-month performance underscores Adani Enterprises Ltd’s position as a powerhouse for nurturing transformative infrastructure and energy transition sectors,” said Gautam Adani, Chairman of the Adani Group, in his …

Adani Enterprises to exit JV with Wilmar in first big move since US indictment
Trending News
2 months, 2 weeks 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 …

Stocks to watch today: Wipro, Vedanta, Adani Enterprises, TVS Motor
2 months, 3 weeks ago

Stocks to watch today: Wipro, Vedanta, Adani Enterprises, TVS Motor

India Today  

The stock market showed signs of recovery, with benchmark indices closing higher on Monday. Among them are Vedanta, Prestige Estates, Wipro, Adani Enterprises, and TVS Motor. Prestige Estates Prestige Estates is in the spotlight as the company, along with RC Group and Valor Estate, is reportedly in advanced discussions to undertake one of Mumbai’s largest cluster redevelopment projects involving public …

Adani acquires 86% stake in MRO firm Air Works
Top News
2 months, 3 weeks ago

Adani acquires 86% stake in MRO firm Air Works

Hindustan Times  

MUMBAI: The Adani group’s defence arm, Adani Defence Systems & Technologies Ltd, has signed an agreement to acquire an 85.8% stake in Air Works, India’s largest private-sector Maintenance, Repair and Overhaul company. Air Works, founded in Mumbai in April 1951 but now headquartered in Delhi, offers aviation services such as spanning line maintenance, heavy checks, interior refurbishment, painting, redelivery checks, …

Adani Group to acquire aircraft maintenance company Air Works for ₹400 crore
2 months, 3 weeks ago

Adani Group to acquire aircraft maintenance company Air Works for ₹400 crore

Hindustan Times  

Adani Group on Monday said it will acquire aviation maintenance, repair and overhaul services firm Air Works for an enterprise value of ₹400 crore. The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, November 21, 2024 "Adani Defence Systems & Technologies Ltd has signed a share purchase agreement …

Adani Group acquires Air Works to boost defence business
2 months, 3 weeks ago

Adani Group acquires Air Works to boost defence business

Live Mint  

MUMBAI: Ahmedabad-headquartered Adani Group's defence arm Adani Defence and Aerospace on Monday entered into an agreement to acquire an 85.8% stake in Air Works, India's largest privately-held aircraft maintenance, repair, and overhaul company. The acquisition, with an enterprise value of ₹400 crore, will enable Adani Group to offer a range of of aviation services spanning line maintenance, heavy checks, interior …

Adani group to acquire 85.8 per cent stake in Air Works for enterprise value of Rs 400 crore
2 months, 3 weeks ago

Adani group to acquire 85.8 per cent stake in Air Works for enterprise value of Rs 400 crore

India TV News  

Adani Defence Systems and Technologies Limited, a wholly owned subsidiary of Adani Enterprises, on Monday, said that it will acquire an 85.8 per cent stake in Air Works, India’s largest private-sector maintenance, repair, and overhaul company, for an enterprise value of Rs 400 crore. "Adani Defence Systems & Technologies Ltd has signed a share purchase agreement to acquire 85.8 per …

Adani Defence acquires 85.8% stake in Air Works at Rs 400 crore enterprise value
2 months, 3 weeks ago

Adani Defence acquires 85.8% stake in Air Works at Rs 400 crore enterprise value

New Indian Express  

Adani Defence Systems & Technologies Ltd is acquiring 85.8% shareholding in Air Works, India’s largest private sector MRO company with the largest pan-India footprint, said the Adani Group in a statement on Monday. ADSTL will acquire the Air Works stake at an Enterprise Value of Rs 400 crore. Air Works offers an end-to-end bouquet of aviation services spanning line maintenance, …

Why it's a rocky road ahead for Adani Group
3 months, 1 week ago

Why it's a rocky road ahead for Adani Group

India Today  

Gautam Adani’s biographer calls him ‘destiny’s child’. However, a US court indictment which said that, starting in 2020, top honchos of Azure Power—an Indian solar power producer that was listed on the New York Stock Exchange—connived with Adani and two of his senior executives to give $265 million in bribes to government officials across five Indian states in return for …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 months, 2 weeks 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 …

Lost nearly $ 55 billion since US indictment: Adani Group
3 months, 2 weeks 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 Denies Binding Agreements Amid Kenya Airport Deal Cancellation Reports
3 months, 2 weeks ago

Adani Group Denies Binding Agreements Amid Kenya Airport Deal Cancellation Reports

ABP News  

Adani Group on Saturday issued a clarification regarding reports that Kenya had canceled over $ 2.5 billion in deals following bribery charges against its founder Gautam Adani in the US. In its response to stock exchange inquiries, the conglomerate addressed speculation that Kenyan President William Ruto had halted a procurement process that might have awarded Adani control over Jomo Kenyatta …

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men
3 months, 3 weeks ago

US bribery and fraud charges are a big test yet for India’s Adani, one of Asia’s richest men

Associated Press  

NEW DELHI — Indian billionaire Gautam Adani, one of Asia’s richest men, may be facing his biggest challenge yet with an indictment by U.S. prosecutors for alleged fraud and bribery. On Friday, shares in some of the Adani Group’s companies began ticking back up after they plunged a day earlier following the announcement of the charges in New York. The …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
3 months, 3 weeks 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
3 months, 3 weeks 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 …

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
3 months, 3 weeks ago

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

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to Adani Power’s website, it has expanded to …

Gautam Adani charged in US: Allegations, rebuttals, and stock market wipeout
3 months, 3 weeks ago

Gautam Adani charged in US: Allegations, rebuttals, and stock market wipeout

India Today  

The Adani Group, one of nation’s largest conglomerates, is facing serious allegations of corruption as US prosecutors accused Gautam Adani and others of orchestrating a USD 265 million bribery scheme to secure state energy contracts. An Andhra Pradesh government official has been named as "Foreign Official #1" i n US court filing in Adani bribery case. Investors in Adani Group’s …

GMR vs Adani airport battle continues to be on the boil
4 months ago

GMR vs Adani airport battle continues to be on the boil

Live Mint  

India recorded its best-ever domestic traffic in 2023, a year ahead of IATA’s prediction of post-COVID recovery. The first half of the financial year saw a growth in footfalls by 7.4 per cent, with 19,69,06,698 passengers between April and September this year as compared to 18,32,74,515 recorded last year, shows data released by the Airports Authority of India. The six …

Adani Group to invest $10 billion in US energy and infrastructure projects
4 months 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’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions
5 months, 3 weeks 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, …

Adani Airports launches aviio digital platform to provide real-time data to passengers in 7 airports
6 months ago

Adani Airports launches aviio digital platform to provide real-time data to passengers in 7 airports

The Hindu  

Adani Airports Holdings Limited has launched an app, aviio, to serve passengers and other stakeholders using seven airports, including Mangaluru International Airport, managed by the company in India. Passengers can expect easier access to airport information in the form of updates related to security checks, wait times, gate change and bags on belt, among other aspects. Apart from AAHL employees, …

Adani floats China subsidiary to provide project management services
6 months, 1 week 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 Enterprises Q1 Results: Consolidated EBIDTA Increased By 48% To Rs 4,300 Cr
7 months, 2 weeks ago

Adani Enterprises Q1 Results: Consolidated EBIDTA Increased By 48% To Rs 4,300 Cr

ABP News  

Adani Enterprises Ltd, the flagship firm of Gautam Adani-led Adani Group, announced its results on Thursday for the first quarter ended June 30, 2024. The emerging core infra businesses comprising of ANIL Ecosystem, airports and roads are consistently making significant strides in their operational performance. ANIL Ecosystem solar manufacturing and wind turbine businesses has recorded highest ever EBIDTA of Rs …

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

Gautam Adani Boosts Ownership in Adani Enterprises by 1.32%
9 months 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 Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
9 months, 2 weeks ago

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

Hindustan Times  

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

Gautam Adani replaces Mukesh Ambani as richest Asian
9 months, 2 weeks ago

Gautam Adani replaces Mukesh Ambani as richest Asian

Hindustan Times  

Billionaire Gautam Adani has once again surpassed Reliance Industries head Mukesh Ambani to become the richest person in Asia after a surge in stock price of the listed companies in his conglomerate, according to Bloomberg Billionaires Index. Reliance Industries head Mukesh Ambani and Gautam Adani As per the index, Adani is now ranked as the 11th richest in the world …

Adani Group to invest 70 per cent of total investments in green energy: Sources
11 months, 3 weeks 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
1 year 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…
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 …

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

Stocks to watch today: Adani Enterprises, Reliance Industries, Zee Entertainment
1 year ago

Stocks to watch today: Adani Enterprises, Reliance Industries, Zee Entertainment

Hindustan Times  

Adani Enterprises: MD of Adani Ports and Special Economic Zone Karan Adani said that the Adani Group is set to invest approximately ₹60,000 crore in the expansion of its seven existing airports in the next 5-10 years. Adani Group also plans to invest ₹18,000 crore in the Navi Mumbai airport and the funding for the same could be sourced from …

Adani Group in talks with Uber to introduce electric passenger cars: Report
1 year ago

Adani Group in talks with Uber to introduce electric passenger cars: Report

Hindustan Times  

A partnership to roll out Adani Group's electric passenger cars on Uber's ride-hailing platform formed part of discussions during the February 24 meeting between Gautam Adani and Uber CEO Dara Khosrowshahi, who is currently on a visit to India, The Times of India has reported. **EDS: IMAGE VIA @gautam_adani TWEETED ON FEB. 24, 2024** New Delhi: Adani Group Chairperson Gautam …

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

Adani, a Year Later: Investors Are Embracing India’s Humbled Champion
1 year, 1 month 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 Group to invest ₹12,400 crore in Telangana in the coming years
1 year, 2 months ago

Adani Group to invest ₹12,400 crore in Telangana in the coming years

The Hindu  

Adani Group headed by its chairman Gautam Adani has announced investments to the tune of ₹12,400 crore in Telangana in the next few years. The Group’s company Adani Green Energy will invest ₹5,000 crore for setting up two pumped storage projects of 1,350 MW capacity and another firm AdaniConneX Data Centres has announced investment of an equal amount for setting …

M-cap of these two Adani Group firms jumped by over ₹50,000 crore in last 5 sessions
1 year, 3 months ago

M-cap of these two Adani Group firms jumped by over ₹50,000 crore in last 5 sessions

Live Mint  

Adani Group stocks have gained sharply in recent weeks due to a series of positive developments that have revitalised investor confidence in the group's shares. All 10 listed Adani Group stocks posted double-digit gains last week, with Adani Total Gas surging by as much as 65%. In the last week, the market capitalisation of Adani Green Energy, the renewable energy …

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 …

Adani Group eyeing opportunities in neighbouring countries, says Karan Adani
1 year, 4 months 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 …

AAI employees refuse to join Adani Group as joint operation ends in three airports
1 year, 4 months ago

AAI employees refuse to join Adani Group as joint operation ends in three airports

The Hindu  

Though the Airports Authority of India is keen on privatising airports run by it, its employees seem to be wary of their career prospects under the new private concessionaire who has taken over six airports in the country. The three-year joint operation by the employees of the AAI and the Adani Group has been completed in three airports, namely Ahmedabad, …

Adani gives Navi Mumbai airport a $1 bn push
1 year, 4 months ago

Adani gives Navi Mumbai airport a $1 bn push

Live Mint  

MUMBAI : The Adani Group has invested close to $1 billion in Navi Mumbai International Airport Ltd, in a bid to start operations by December next year, two people with direct knowledge of the development said. On 19 July, while addressing an annual general meeting of shareholders, group chairman Gautam Adani said the Navi Mumbai airport will achieve operational readiness …

Adani Group says government probing accounts of two Mumbai airports
1 year, 5 months ago

Adani Group says government probing accounts of two Mumbai airports

Live Mint  

Adani Enterprises on Friday informed the stock exchanges that the corporate affairs ministry is probing the accounts of the group's two airports in Mumbai. had sought information and documents on the airports – Mumbai International Airport Ltd and Navi Mumbai International Airport Ltd – for financial years 2017-18 to 2021-22. The Adani Group acquired a 74% stake in Mumbai’s international …

Adani shares fall up to 4%; m-cap of all 10 stocks drops over ₹35,000 crore
1 year, 6 months ago

Adani shares fall up to 4%; m-cap of all 10 stocks drops over ₹35,000 crore

Live Mint  

Adani Group shares suffered significant losses on Thursday amid fresh allegations labelled by the Organised Crime and Corruption Reporting Project which dragged the overall market capitalisation of the group's all 10 stocks lower by over ₹35,000 crore in a day. The latest report by OCCRP against Adani Group has alleged Gautam Adani's family investing millions of dollars in its own …

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