Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake
3 years, 10 months ago

Adani Group Acquires 23.5 Percent Stake in Mumbai International Airport, Aims 74 Percent Stake

News 18  

Adani Group’s flagship holding company Adani Airport Holdings Ltd has acquired 23.5 per cent stake in the Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division Ltd for Rs 1,685.25 crore. “Adani Airport Holdings Ltd has acquired 23.5 per cent equity stake i.e. 28,20,00,000 equity shares of Rs 10 of Mumbai International Airport Ltd from ACSA Global Ltd and Bid Services Division Ltd," the filing said. GVKADL is the holding company through which GVK Group holds 50.50 per cent equity stake in the Mumbai International Airport Ltd, which in turn holds 74 per cent equity stake in the Navi Mumbai International Airport Ltd. With GVK Group’s finances under strain, it has now come around to the idea of selling the stake to Adani Group, they said.

International Airport Airports Group Cent Adani Stake Mumbai International Airport Mial  mumbai  airport  stake  74  acquires  group  airports  equity  mial  cent  235  international  aims  adani

History of this topic

Adani acquires 86% stake in MRO firm Air Works
Top News
1 day, 9 hours 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
1 day, 17 hours 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 Defence acquires 85.8% stake in Air Works at Rs 400 crore enterprise value
2 days, 4 hours 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, …

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

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
3 weeks, 6 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 …

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 …

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how
1 month ago

LIC loses nearly ₹12,000 crore in seven Adani shares in a day on Gautam Adani’s civil indictment news. Here’s how

Live Mint  

Adani Group Stocks: Life Insurance Corporation of India, the country’s largest domestic institutional investor, saw its holdings in seven Adani stocks drop by nearly ₹12,000 crore following a sharp decline in group shares. According to a Reuters report, U.S. authorities said Adani and seven other defendants, including his nephew Sagar Adani, agreed to pay about $265 million in bribes to …

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

GMR vs Adani airport battle continues to be on the boil
1 month, 1 week 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
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 …

Adani floats China subsidiary to provide project management services
3 months, 2 weeks 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 …

Gautam Adani raises stake in Adani Enterprises, buys more from open market
6 months, 1 week 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 stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
6 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
6 months, 3 weeks 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 to invest 70 per cent of total investments in green energy: Sources
9 months, 1 week 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, 1 week 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 …

Stocks to watch today: Adani Enterprises, Reliance Industries, Zee Entertainment
9 months, 2 weeks 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 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 Group frees pledged shares worth ₹ 2,878 crore in Q3
11 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 ₹12,400 crore in Telangana in the coming years
11 months, 1 week 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 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 Group Companies Benefit From Market Sentiment, Stocks Soar High
1 year ago

Adani Group Companies Benefit From Market Sentiment, Stocks Soar High

ABP News  

As the stock market touched new highs on Monday, Adani Group and its entities took the investors on a joy ride with the firms mirroring the sentiment in the market. Shares of Adani Group companies remained popular during afternoon trading, and Adani Green Energy shares soar 8 per cent, and Adani Enterprises up by more than 7 per cent. On …

AAI employees refuse to join Adani Group as joint operation ends in three airports
1 year, 1 month 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, 1 month 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, 2 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 …

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 …

Adani Group says it registered record-breaking performance in 2022-23
1 year, 6 months ago

Adani Group says it registered record-breaking performance in 2022-23

The Hindu  

Adani Group on June 6 said it has delivered a record-breaking performance across its portfolio of companies in fiscal year 2023. Business-wise summary for FY23: Adani Enterprises Ltd. Incubation businesses registered exponential growth and now account for little over 50% of AEL's EBITDA Aiport passenger movements more than doubled to 74.8 million Solar modules volumes up 13% to 1.3 GW …

Adani Group to raise $3.5 billion through share sale in 3 companies
1 year, 6 months ago

Adani Group to raise $3.5 billion through share sale in 3 companies

Live Mint  

Billionaire Gautam Adani-led group is set to raise $3.5 billion through an equity share sale to institutional investors in the boldest comeback strategy after US short-seller Hindenburg Research levelled accusations against the ports-to-energy conglomerate of stock manipulation and financial wrongdoings. While boards of Adani Enterprises Ltd and electricity transmission company Adani Transmission Ltd have already approved raising up to ₹21,000 …

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

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

Live Mint  

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

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

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

Live Mint  

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

Adani stocks soar; market cap jumps by ₹63,000 crore in a day
1 year, 7 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 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 …

$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: Nine are down in FY23, expect once; mcap tanks
1 year, 9 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 …

Need to reduce airports\' operating costs by 30-50%: Adani Airports CEO
1 year, 9 months ago

Need to reduce airports\' operating costs by 30-50%: Adani Airports CEO

Deccan Chronicle  

New Delhi: Adani Airports chief Arun Bansal on Wednesday said the cost of operating airports has to come down by 30-50 per cent in the coming years as he highlighted the growth potential of the Indian aviation market. Bullish on the Indian market, Bansal said it would like to operate more airports and eventually become a leading airport operator in …

4 Adani Group stocks hit upper circuit, flagship company falls 5%
1 year, 9 months ago

4 Adani Group stocks hit upper circuit, flagship company falls 5%

India Today  

Shares of most Adani Group companies extended their rally on Thursday as the market sentiment around the power-to-port conglomerate continues to improve. This shows investor sentiment around Adani Group stocks have improved since last week. While shares of Adani Group firms saw mixed trading during today’s session, analysts believe that the group may have weathered the worst of the storm …

Adani Group repays share-backed financing worth ₹7,374 crore
1 year, 9 months 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 Group stocks zoom for back-to-back trading sessions. Is the worst over?
1 year, 9 months ago

Adani Group stocks zoom for back-to-back trading sessions. Is the worst over?

India Today  

Shares of 10 listed Adani Group companies jumped sharply on Friday and are expected to end the week on a strong note. Following the strong recovery rally, the market capitalisation of 10 listed Adani Group companies has jumped to over Rs 8 lakh crore. Adani Group stocks have witnessed a strong recovery rally over the past few trading sessions, after …

Adani stocks: GQG Partners buys stake worth ₹15,446 cr in mega block deals
1 year, 9 months 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 …

Hindenburg rout: LIC’s ₹30,000 crore investment in Adani stocks in a loss
1 year, 10 months ago

Hindenburg rout: LIC’s ₹30,000 crore investment in Adani stocks in a loss

Live Mint  

Led by the heavy sell-off in Adani Group stocks, state-run insurance giant Life Insurance Corporation of India's investments made in the group companies have turned negative as its investment value in the listed group stocks stood at nearly ₹27,000 crore, as of closing on February 23, as per data analysed from stake held by the insurance firm as per the …

DSP MF buys more shares of these 6 Adani stocks in January amid Hindenburg rout
1 year, 10 months 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 Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore
1 year, 10 months ago

Adani Group says faces no refinancing risk or liquidity issues; Adani Enterprises turns Q3 profit of ₹820 crore

The Hindu  

Adani Group flagship Adani Enterprises Ltd. on Tuesday said group companies faced no material refinancing risk, or near-term liquidity issues in the wake of “allegations made by a short seller on the parent and some other entities of the Adani Group” and termed the recent rout in its stock prices as “temporary market volatility”. AEL also reported a third-quarter net …

Adani group says no refinancing issues in bid to calm jittery investors
1 year, 10 months ago

Adani group says no refinancing issues in bid to calm jittery investors

Hindustan Times  

Adani group said on Tuesday that its companies face no material refinancing risk, or near-term liquidity issues, in its latest attempt to calm investors spooked by a U.S. short-seller's critical report on its business practices. In a long-awaited credit report issued by Adani to Indian exchanges on Tuesday, the apples-to-airports group said there was "no material refinancing risk and near-term …

India’s Adani tries to pacify investors as watchdog probes report
1 year, 10 months ago

India’s Adani tries to pacify investors as watchdog probes report

Al Jazeera  

Adani group’s seven listed stocks have together lost about $120bn in market value since a US short-seller has raised concerns. Led by billionaire businessman Gautam Adani, the group’s seven listed stocks have together lost about $120bn in market value since a January 24 report by United States-based short-seller Hindenburg Research accused it of improper use of offshore tax havens and …

No, Mumbai Airport Wasn't 'Taken Away & Given to Adani'. A Fact-check for Rahul Gandhi by GVK Group
1 year, 10 months ago

No, Mumbai Airport Wasn't 'Taken Away & Given to Adani'. A Fact-check for Rahul Gandhi by GVK Group

News 18  

Business conglomerate GVK Group on Wednesday categorically said there was no “extraneous pressure” from anyone to sell its stake in Mumbai airport as alleged by Congress leader Rahul Gandhi. After that, India’s most strategic, profitable airport, Mumbai Airport, was taken away from GVK using agencies like the CBI, ED, and was given to Adani by the Government of India,” he …

Modi govt didn’t ‘pressure’ GVK to sell Mumbai Airport to Adani
1 year, 10 months ago

Modi govt didn’t ‘pressure’ GVK to sell Mumbai Airport to Adani

Live Mint  

The Narendra Modi administration, according to GV Sanjay Reddy, did not force GVK to hand over Mumbai Airport to the Adani Group. In July 2021, GVK handed control of the Mumbai airport over to Adani Airport Holdings Ltd. Gandhi earlier alleged that the Modi government “hijacked” “India's most profitable airport” from GVK using agencies like CBI and ED and gave …

Discover Related