Adani Group to launch open offer for NDTV on 17 October
2 years, 7 months ago

Adani Group to launch open offer for NDTV on 17 October

Firstpost  

The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on 1 November New Delhi: Adani Group will launch its open offer on 17 October for acquiring an additional 26 per cent stake in media firm NDTV. The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on 1 November, said an If fully subscribed at a price of Rs 294 per share, the open offer will amount to Rs 492.81 crore, On 23 August, Adani group announced to acquire a 29.18 per cent stake in NDTV through the acquisition of VCPL, which holds a 99.99 per cent stake in RRPR Holding. On 23 August, the Adani group announced to launch an open offer to buy an additional 26 per cent stake in the company, which operates three national news channels — English news channel NDTV 24x7, Hindi news channel NDTV India and business news channel NDTV Profit. NDTV shares continue to gain; hit upper circuit limit Adani group rejects NDTVs assertion of Sebi nod needed for share acquisition Sebi approval ’necessary’ for Adani group to acquire NDTV promoters’ stake in holding firm RRPR: Filing NDTV stock rises 5%; hits upper circuit limit after Adani group’s takeover bid Gautam Adani makes foray into news channel space; set to acquire NDTV Read all the Latest News, Trending News, Cricket News, Bollywood News, India News and Entertainment News here.

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History of this topic

Adani Group shares rise as Hindenburg founder disbands short-seller
2 months, 2 weeks 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 Group to raise ₹7,148 crore from Adani Wilmar stake sale
Trending News
2 months, 3 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 Group to sell 20% stake in Adani Wilmar via OFS, floor price set at ₹275
2 months, 3 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, 4 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
3 months 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 Enterprises to sell entire Adani Wilmar stake in $2 billion deal
Trending News
3 months 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 …

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
3 months, 2 weeks ago

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals

Hindustan Times  

Shares of six Adani Group firms, out of 11 listed companies, declined in the mid-session deals on Wednesday, with Adani Green Energy falling more than 2 per cent. The scrip of Adani Green Energy slipped 2.46 per cent to ₹1,147.30 apiece, Adani Ports and Special Economic Zone was down by 1.13 per cent, Adani Power, Adani Energy Solutions and Adani …

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors
3 months, 3 weeks ago

Stocks to watch today: Adani stocks, Vodafone Idea, Godrej Consumer, Tata Motors

India Today  

Stock markets ended in red on Monday, dragged down by losses in FMCG and auto stocks. As markets reopen today, several stocks, including Vodafone Idea, Tata Motors, NHPC, Brookfield India REIT, Premier Polyfilm, Torrent Power, and Datamatics Global Services, are likely to be in focus due to recent announcements and developments. ADANI GROUP STOCKS The Adani Group announced plans to …

Adani, Others Invest ₹366 Crore in Sagility India Ahead of ₹2,107 Crore IPO
Trending News
4 months, 4 weeks ago

Adani, Others Invest ₹366 Crore in Sagility India Ahead of ₹2,107 Crore IPO

Hindustan Times  

Adani Group and other institutional investors have invested ₹366 crore in Sagility India ahead of its IPO. The company will issue 70.2 crore shares at a price band of ₹28-30 per share, with 75 per cent for qualified institutional buyers, 15 per cent for non-institutional investors, and 10 per cent for retail investors. The IPO will open on November 5 …

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 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 …

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 Acquires Majority Stake in News Agency IANS
1 year, 3 months ago

Adani Acquires Majority Stake in News Agency IANS

News 18  

Billionaire Gautam Adani’s group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises — the firm that holds the group’s media interest — said its subsidiary “AMG Media Networks Ltd has acquired a 50.50 per cent stake …

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 shares fall up to 4%; m-cap of all 10 stocks drops over ₹35,000 crore
1 year, 7 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 …

Adani Ports stake buy: Two promoters raise stake over 2%. Details here
1 year, 7 months ago

Adani Ports stake buy: Two promoters raise stake over 2%. Details here

Live Mint  

Adani Ports stake buy: Two promoter entities have together raised shareholding in Adani Ports and Special Economic Zone Ltd by over 2 per cent. As per the information shared by the company with Indian stock market exchanges two promoter entities Resurgent Trade and Investment Ltd and Emerging Market Investment DDC have acquired fresh stake in Adani Ports via open market. …

Promoters raise $500 mn via Adani Green stake sale to QIA
1 year, 7 months ago

Promoters raise $500 mn via Adani Green stake sale to QIA

Live Mint  

MUMBAI : The promoters of Adani Group raised about $500 million by selling a part of their holdings in Adani Green Energy Ltd to investors, including INQ Holding Llc, a wholly owned unit of sovereign fund Qatar Investment Authority. Additionally, shares worth $7.18 billion or ₹59,436 crore and ₹2,532 crore are pledged by the promoters in Ambuja Cements Ltd and …

Adani to soon sell online train tickets, buy booking platform Trainman
1 year, 9 months ago

Adani to soon sell online train tickets, buy booking platform Trainman

Hindustan Times  

Adani Enterprises will soon be selling online train tickets as it informed the Indian stock market bourses on Friday that it has signed a share purchase agreement for the acquisition of a 100 per cent stake in Stark Enterprises Private Limited-owned Trainman — an online train ticket booking platform. Adani Enterprises informed Indian bourses about the agreement citing, “With reference …

Adani Group to raise $3.5 billion through share sale in 3 companies
1 year, 10 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 …

Adani Enterprises Shares Drop 8% as Traders Book Profit; What Should you Do Now?
1 year, 10 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 Green plans to raise up to ₹6,000 crore in share sale
1 year, 10 months ago

Adani Green plans to raise up to ₹6,000 crore in share sale

Live Mint  

Adani Green Energy Ltd is in talks with global fund managers to raise ₹5,000-6,000 crore, two people familiar with the plans said, as India’s largest renewables company revives its capex plans four months after the Hindenburg setback. The board of Adani Green will meet on 24 May to approve the fund raising plan,” the first of the two people said. …

Adani stocks soar; market cap jumps by ₹63,000 crore in a day
1 year, 10 months ago

Adani stocks soar; market cap jumps by ₹63,000 crore in a day

Live Mint  

Adani Group stocks continued dazzling on Tuesday, with most of them hitting their upper circuit levels in trade, as sentiment remain upbeat about the group stocks after the group got a clean chit from the Supreme Court panel. All 10 Adani stocks ended with gains with Adani Enterprises share price surging nearly 18 per cent to the intraday high of …

Adani Group's ₹210 billion fundraising plan triggers stock decline. What next?
1 year, 10 months ago

Adani Group's ₹210 billion fundraising plan triggers stock decline. What next?

Live Mint  

Adani group stocks faced intense selling pressure earlier this week on Monday. Why Adani Group Stocks are Falling #1 Dilution worries Adani Enterprises and Adani Transmission, on Saturday 13 May 2023, revealed their plans to raise a combined sum of ₹210 bn through the qualified institutional placement method. The announcement regarding fundraising plans by Adani Green Energy, another group firm, …

Adani-owned NDTV share price down over 1% as Q4FY23 net profit slumps 97%
1 year, 10 months ago

Adani-owned NDTV share price down over 1% as Q4FY23 net profit slumps 97%

Live Mint  

Shares of New Delhi Television Ltd trades flat during Tuesday's session. On Monday, the company reported 97.5% decline in Q4FY23 net profit. In comparison to a consolidated net profit of ₹24.16 crore in the comparable quarter last fiscal year, the media company's net profit for the quarter that ended March 2023 was ₹59 lakhs. AMG Media Networks Ltd, through its …

NDTV Q4: Firm posts 97% decline in net profit to ₹59 lakh
1 year, 10 months ago

NDTV Q4: Firm posts 97% decline in net profit to ₹59 lakh

Live Mint  

Media firm New Delhi Television Ltd on Monday reported 97.5 per cent decline in net profit at ₹59 lakhs for the quarter that ended March 2023. NDTV has reduced the external borrowings, to ₹3 crore in the quarter under review from ₹9 crores last year The cash and cash equivalents stood at ₹103.6 crore for the quarter ended March 2023, …

$2.6 bn stake sale money came in group firms: Adani counters Rahul Gandhi's 'Rs 20,000 Crore' claim
1 year, 11 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 prepays ₹7,374 cr. of share-backed loans
2 years ago

Adani prepays ₹7,374 cr. of share-backed loans

The Hindu  

The Adani Group on Tuesday said it had prepaid share-backed financing of ₹7,374 crore as the conglomerate tries to recover from U.S. based short seller Hindenburg Research’s scathing report on its businesses. Earlier last month, amidst a rout in its stocks, the group had repaid ₹9,200 crore worth loans before maturity to release shares pledged by the promoters. “In continuation …

Adani Group repays share-backed financing worth ₹7,374 crore
2 years ago

Adani Group repays share-backed financing worth ₹7,374 crore

The Hindu  

Embattled Adani Group on March 7 said it has repaid share-based financing of ₹7,374 crores and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors. The repayment will release pledge on shares of promoters in four group companies, it said in a statement, …

Adani stocks: GQG Partners buys stake worth ₹15,446 cr in mega block deals
2 years ago

Adani stocks: GQG Partners buys stake worth ₹15,446 cr in mega block deals

Live Mint  

US-based boutique investment firm GQG Partners has bought stake worth ₹15,446 crore in three Adani Group Companies through block deals, the conglomerate said on Thursday, marking the first major investment in the group since US short-seller's explosive report sparked a stock rout. GQG Partners had investments in Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Transmission …

Why ESG markets' investors are concerned over Adani Group financing
2 years, 1 month ago

Why ESG markets' investors are concerned over Adani Group financing

Hindustan Times  

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

Adani credit facilities expose collateral web full of red flags
2 years, 1 month ago

Adani credit facilities expose collateral web full of red flags

Live Mint  

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

DSP MF buys more shares of these 6 Adani stocks in January amid Hindenburg rout
2 years, 1 month ago

DSP MF buys more shares of these 6 Adani stocks in January amid Hindenburg rout

Live Mint  

Despite bloodbath in Adani group stocks in last week of January 2023, DSP Mutual Fund raised stake in six Adani group stocks in the month gone by. Here we list out full details in regard to DSP Mutual Fund shareholding in above mentioned Adani group stocks: 1] ACC: As on 31st December 2022, DSP Mutual Fund was holding 17,01,917 ACC …

Adani Wilmar Q3 net profit rises 16.5%; shares rally
2 years, 1 month ago

Adani Wilmar Q3 net profit rises 16.5%; shares rally

Live Mint  

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

8 Adani Group firms shine, two underperform; Adani Enterprises jumps 13 per cent
2 years, 1 month ago

8 Adani Group firms shine, two underperform; Adani Enterprises jumps 13 per cent

India TV News  

Amid a political slugfest between Opposition parties and the ruling Bharatiya Janta Party, shares of most of the Adani group firms gained in late morning trade on Wednesday. The scrip of Adani Enterprises zoomed 13.07 per cent to Rs 2,038 apiece on the BSE, and its market capitalisation rose to Rs 2.32 lakh crore. Adani Ports Adani Ports and Special …

Adani prepays $1,114 million to release the Group companies’ shares
2 years, 1 month ago

Adani prepays $1,114 million to release the Group companies’ shares

The Hindu  

Gautam Adani and his family, who are promoters of the Adani Group companies have prepaid $1114 million worth of borrowings raised with pledging of shares of various listed entities ahead of the schedule payment in September 2024. The promoters’ decision to pre-payment will help release 11.77 million shares in Adani Transmission Ltd., 168.27 million shares of Adani Ports & Special …

Adani Group stocks fall further in morning trade
2 years, 1 month ago

Adani Group stocks fall further in morning trade

The Hindu  

Shares of Adani Group firms tumbled further on the bourses, with shares of Adani Enterprises witnessing a fall of 9.50% as investors continue to offload their holdings. Shares of Adani Total Gas, Adani Power, Adani Green Energy and Adani Wilmar were trading 5% down each on the BSE, while Adani Transmission slipped 10%. In addition, other Adani Group stocks, such …

NSE places Adani Groups stocks under additional surveillance framework
2 years, 1 month ago

NSE places Adani Groups stocks under additional surveillance framework

Op India  

On February 2, Thursday, India National Stock Exchange put Adani Enterprises, Adani Ports, and Ambuja Cements under Additional Surveillance Mechanism. Gautam Adani, Chairman, Adani Enterprises Ltd referred to the volatility in the stock over the last week and said the interest of the investors is paramount and to insulate them from any potential financial losses, the Board has decided not …

None Of The Shares Of Ambuja Or ACC Cements Have Been Pledged By Promoters, Adani Group Clarifies
2 years, 1 month ago

None Of The Shares Of Ambuja Or ACC Cements Have Been Pledged By Promoters, Adani Group Clarifies

ABP News  

Gautam Adani-led Adani Group on Thursday clarified that none of the shares of Ambuja or ACC Cements have been pledged by promoters. Adani Group said, "We have come across reports from various market sources with respect to Ambuja and our subsidiary ACC Ltd claiming that shares of both Ambuja and ACC are pledged by Promoters as a part of the …

Adani Enterprises calls off fully subscribed FPO, to return money to investors
2 years, 1 month ago

Adani Enterprises calls off fully subscribed FPO, to return money to investors

Deccan Chronicle  

New Delhi: Adani Enterprises on Wednesday said it has decided not to go ahead with its Rs 20,000-crore Follow-on Public Offer and will return the proceeds to investors. Adani Enterprises, the flagship company of the Adani Group, had a lacklustre start to its FPO, with only a 1 per cent subscription on the first day of the share sale. The …

Adani’s FPO fully subscribed as high net worth individuals offset retail wariness
2 years, 2 months ago

Adani’s FPO fully subscribed as high net worth individuals offset retail wariness

The Hindu  

The ₹20,000 crore follow-on public offer from Adani Enterprises Ltd. was fully subscribed on the last day of the record share sale on Tuesday, after high net worth individuals and institutional investors bid strongly and more than made up for a poor to tepid response from retail investors and employees. The successful conclusion of the Adani Group flagship company’s FPO …

Adani Enterprises climb 2% on final day of $2.5 billion share sale
2 years, 2 months ago

Adani Enterprises climb 2% on final day of $2.5 billion share sale

Hindustan Times  

India's Adani Enterprises climbed 2% in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backing for the offering after a U.S. short-seller's scathing attack. Adani Enterprises stock opened at 2,932 rupees, still below the lower end of the share sale's price band of 3,112 …

Adani firms lose $65 billion in value as US short-seller battle escalates
2 years, 2 months ago

Adani firms lose $65 billion in value as US short-seller battle escalates

Live Mint  

Most Adani Group shares fell sharply on Monday as the Indian conglomerate's rebuttal of a U.S. short-seller's criticism failed to pacify investors, deepening a market rout that has now led to losses of $65 billion in the group's stock values. ON SCHEDULE Adani Group told Reuters in a statement on Saturday that the sale remained on schedule at the planned …

Indian shares edge up ahead of budget; Adani stocks rise
2 years, 2 months ago

Indian shares edge up ahead of budget; Adani stocks rise

India Today  

Indian shares closed higher on Tuesday after struggling for direction, as investors awaited the Union budget, while most Adani Group stocks rebounded from their recent slide. The move in the benchmarks mirrored the intraday trajectory of the heavyweight financials index, which closed marginally higher, after its drop in the wake of the US-based Hindenburg Research's scathing report on the Adani …

Gautam Adani has a reason to smile as Adani Group's flagship company's share sale a big success
2 years, 2 months ago

Gautam Adani has a reason to smile as Adani Group's flagship company's share sale a big success

India Today  

Billionaire Gautam Adani can finally take a breather and has a reason to smile, as the Follow-On Public Offering of Adani Enterprises, the flagship company of Adani Group, was fully subscribed on Wednesday. The development comes at a time when shares of Adani Group companies have been hammered on the stock market due to a report released by US short …

IHC from Abu Dhabi to invest $400 Million in Adani enterprises' FPO
2 years, 2 months ago

IHC from Abu Dhabi to invest $400 Million in Adani enterprises' FPO

Op India  

International Holding Company, an Abu Dhabi-based diversified conglomerate, on Monday announced that it will invest about USD 400 million into the Adani Enterprises’ follow-on public offer through its subsidiary Green Transmission Investment Holding RSC Limited. Adani Enterprises had filed a red herring prospectus with the markets regulator Securities and Exchange Board of India for the Rs 20,000 crore follow-on public …

Abu Dhabi IHC invests $400 mn in Adani Enterprises FPO
2 years, 2 months ago

Abu Dhabi IHC invests $400 mn in Adani Enterprises FPO

Live Mint  

Abu Dhabi's International Holding Company on Monday announced that will invest $400 million in Adani Enterprises' ₹20,000-crore follow-on public offer via its subsidiary Green Transmission Investment Holding RSC Limited. IHC, which invested almost $2 billion in Adani’s companies last year, is making the investment in Adani Enterprises through its subsidiary Green Transmission Investment Holding RSC Ltd. Billionaire Gautam Adani-backed Adani …

Adani Enterprises shares rise in early trade but other group stocks plunge after short-seller attack
2 years, 2 months ago

Adani Enterprises shares rise in early trade but other group stocks plunge after short-seller attack

The Hindu  

Shares in India's Adani Enterprises rose as much as 9.5% on January 30 but those of several other group companies plunged for the third straight day, extending their losses after a U.S. short-seller's report that criticised the group. Adani has locked horns with U.S.-based Hindenburg Research and on January 29 rebutted its report that flagged concerns about debt levels and …

Adani Enterprises FPO: Subscription status on day 2 of follow-on public offer
2 years, 2 months ago

Adani Enterprises FPO: Subscription status on day 2 of follow-on public offer

Live Mint  

The follow-on public offer of Adani group's flagship company Adani Enterprises was on Friday subscribed just a per cent on the first day of the share sale as the Group stocks plunged after US short seller Hindenburg Research said that it took a short position in certain securities of the group which the Group dismissed as ‘baseless’. Against an offer …

Bankers on Adani ₹20,000-crore share sale consider delay, price cut after stocks plunge
2 years, 2 months ago

Bankers on Adani ₹20,000-crore share sale consider delay, price cut after stocks plunge

The Hindu  

Bankers on the $2.5 billion share sale of India's Adani Enterprises are considering extending the sale or cutting the issue price after shares plunged on a U.S. short seller's report, said three people familiar with the deal. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale. "Revision …

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