Japanese Banks sticking with Adani as Jefferies, Barclays review ties
3 weeks, 3 days ago

Japanese Banks sticking with Adani as Jefferies, Barclays review ties

Live Mint  

-- Japan’s biggest banks plan to maintain ties to billionaire Gautam Adani despite US bribery charges, even as other global firms including Barclays Plc are reassessing their exposure to the Indian conglomerate. Mizuho Financial Group Inc. expects the latest saga surrounding Adani won’t have a long-lasting impact and intends to continue supporting the group, according to people familiar with the matter. Jefferies Financial Group Inc., which stood by Adani after Hindenburg accused the conglomerate of fraud, hasn’t discussed new dealings with the group after further accusations surfaced following the US indictment, according to people familiar with the matter. “Japanese and Middle Eastern banks, with access to relatively low-cost capital, are actively exploring global growth and diversification opportunities,” said Ashutosh Mishra, head of research at the institutional desk of Ashika Stock Broking Ltd. “This creates a synergistic fit with asset-heavy Indian conglomerates like Adani, which offer a robust growth outlook.” Stock Tumbles Adani’s dollar bonds and stocks tumbled immediately following the indictment, indicating investors were spooked about rising risk.

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Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans
1 week, 5 days ago

Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans

Live Mint  

The Adani Group has initiated talks with a clutch of investors and banks to refinance $1.1 billion worth of loans of Adani Green Energy Ltd, two persons aware of the discussions said on condition of anonymity. “While the dollar market offers higher tenures, domestic institutions are also offering meaningful long tenures of 10-15 years for extending the refinancing facility," said …

Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
1 week, 5 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 …

No credit risks so far for Adanis as group has good cash balance: Crisil
Trending News
3 weeks, 3 days ago

No credit risks so far for Adanis as group has good cash balance: Crisil

New Indian Express  

MUMBAI: Ratings agency Crisil report released on Friday ruled out any credit risks for Adani Group in the medium term. The group has flexibility to cut certain discretionary capex depending on developments in financial markets and future capital availability, the agency said, adding it has a healthy operating income and cash balance that reduces dependence on external debt to sustain …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
3 weeks, 4 days ago

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today

India Today  

Adani Group stocks rallied sharply on Friday, climbing up to 15% as investors responded positively to clarifications on the US bribery case and assurances of financial stability. Most other Adani Group stocks also registered gains in early trade. The rally comes after Japan’s largest lenders, including Mizuho Financial Group, Sumitomo Mitsui Financial Group, and Mitsubishi UFJ Financial Group, reportedly reaffirmed …

Adani Group stocks gain up to 17% after clarification on US bribery charge
3 weeks, 6 days ago

Adani Group stocks gain up to 17% after clarification on US bribery charge

India Today  

Shares of Adani Group companies, including Adani Green Energy Ltd, Adani Power Ltd, Adani Energy Solutions Ltd, and Adani Enterprises Ltd, saw gains in Wednesday's trade. ADANI GROUP STOCKS GAIN SHARPLY Adani Green Energy shares were trading at Rs 988.40, up 10% as of 11 AM. Adani Total Gas Ltd rose 17.68% to Rs 681.95, Adani Wilmar Ltd increased 9.28% …

Fitch, Moody’s cut rating outlook on Adani group firms to negative from stable
3 weeks, 6 days ago

Fitch, Moody’s cut rating outlook on Adani group firms to negative from stable

Live Mint  

US-based rating agencies Moody’s and Fitch on Tuesday lowered their outlook for bonds of Adani group companies to negative from stable, following the bribery charges and indictment of certain board members of Adani Green Energy Ltd, including group chairman Gautam Adani, by the US Securities and Exchange Commission, and Department of Justice. Despite the group's assertions about its financial health, …

Fitch Ratings says it may cut some Adani Group bonds to junk status
Trending News
3 weeks, 6 days ago

Fitch Ratings says it may cut some Adani Group bonds to junk status

Live Mint  

Fitch Ratings may cut some Adani Group bond ratings to speculative territory after billionaire founder Gautam Adani was charged by the U.S. Justice Department in a bribery scheme. Fitch placed the BBB- rating on Adani Ports & Special Economic Zone’s U.S. dollar senior unsecured bonds on watch for a possible downgrade. The move comes after S&P Global Ratings last week …

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why
Trending News
4 weeks ago

Gautam Adani ‘bribery’ case: GQG refuses to sell Adani shares; here’s why

Live Mint  

GQG Partners, one of the biggest foreign institutional investors in Adani Group, decided not to sell its stake in the conglomerate. According to the disclosure, the American investment giant has a total exposure of $9.7 billion to the Adani Group of companies on a total asset base of $158.6 billion, marking up to 6.1 per cent of the company's total …

TotalEnergies halts Adani investments; GQG bets on Indian govt backing amid US bribery charges
4 weeks ago

TotalEnergies halts Adani investments; GQG bets on Indian govt backing amid US bribery charges

Live Mint  

Two of the largest investors in the Adani group have made contrasting investment decisions after US authorities indicted Gautam Adani and two other directors in a $250 million bribery case. French oil giant TotalEnergies, which has invested $3.85 billion in Adani group companies since 2019, said on Monday that it had decided to hold off on new investments until the …

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

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

Live Mint  

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

Gautam Adani indicted: JP Morgan says Indian banks not at much credit risk
1 month ago

Gautam Adani indicted: JP Morgan says Indian banks not at much credit risk

Hindustan Times  

Indian banks' loan exposure to the embattled Adani Group seems "manageable" and any credit risk in the aftermath of its billionaire founder-chairman's indictment in the United States looks "contained," JPMorgan said on Friday. However, JPMorgan analysts said Indian banks' exposure to the group was around 0.3% of outstanding loans as of March and that the loans were backed by asset …

Adani Group stocks in trouble again! What should investors do now?
1 month ago

Adani Group stocks in trouble again! What should investors do now?

Live Mint  

Adani Group stocks experienced a rollercoaster trading session on November 22, rebounding sharply after falling by around 10% in early trades. U.S. prosecutors indicted Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and others on charges of orchestrating a $265 million bribery and fraud scheme to expand the group’s solar energy business. He noted that heightened scrutiny and unresolved …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month ago

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more

Live Mint  

Here’s a quick look at stocks likely to be in focus in today's trade. Adani Stocks: Gautam Adani, his nephew Sagar Adani, and associates have been charged by U.S. authorities with defrauding investors and paying $265 million in bribes to Indian officials for solar energy contracts. Amid these allegations, Kenyan President William Ruto canceled deals with the Adani Group, including …

Adani may see wider impact from US setback
1 month ago

Adani may see wider impact from US setback

Live Mint  

Mumbai: The Adani Group denied bribery charges and vowed to explore legal options after a damaging indictment in the US, but the move failed to stop a run in its shares, posing the biggest test yet for the conglomerate which had rebuilt investor faith after the Hindenburg episode. Concluding more than two years of investigation, the US Department of Justice …

US indictment of Adani Group honchos: What are the implications?
1 month ago

US indictment of Adani Group honchos: What are the implications?

New Indian Express  

The indictment of top executives from one of India’s large multinational conglomerates by a US Federal Court on Wednesday, November 19, 2024, has raised several pressing questions for both global and domestic investors. The charges—linked to a Rs 2,300 crore bribery scheme involving Adani Group executives, including Chairman Gautam Adani and directors Sagar Adani and Vinit Jain—have far-reaching implications not …

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 …

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report
1 month ago

Moody's says US bribery charges against Gautam Adani negative for credit rating: Report

Hindustan Times  

Credit rating agency Moody’s has said the bribery charges against Gautam Adani, the chairman of Adani Group, would be seen as a credit negative for the conglomerate's companies, Money Control reported. A Moody's sign is displayed on 7 World Trade Center, the company's corporate headquarters in New York “The indictment of Adani Group's chairman and other senior officials on bribery …

Adani Group: U.S. Department of Justice allegations baseless
1 month ago

Adani Group: U.S. Department of Justice allegations baseless

The Hindu  

Hours after a statement from the New York Eastern District court indicted Gautam Adani and the other board of directors of Adani group of companies of criminal and civil irregularities, the Adani group denied the allegations against Adani Green calling them baseless. The apples to airport conglomerate said that they were innocent until proven guilty, referring to a line in …

GQG Partners shares plunge 20% after Gautam Adani charged over bribery scheme by US
1 month ago

GQG Partners shares plunge 20% after Gautam Adani charged over bribery scheme by US

Live Mint  

Shares of Australia-listed fund manager GQG Partners, which is a large shareholder in India’s Adani Group stocks, plunged 20% on Thursday, November 21. The sharp fall in GQG Partners shares comes amid media reports that it was reviewing its investments in Adani Group after US prosecutors charged the Indian conglomerate’s chairman Gautam Adani over an alleged bribery and fraud scheme. …

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges
Top News
1 month ago

Adani Group stocks go into a tailspin, crash up to 20% after US indicts Chairman and 7 others on bribery charges

Live Mint  

Adani Group Stocks: Several Adani Group shares, including those of the flagship firm Adani Enterprises, suffered massive losses and hit their lower circuits in early trade on Thursday, November 21. "A five-count criminal indictment was unsealed today in federal court in Brooklyn charging Gautam S. Adani, Sagar R. Adani and Vneet S. Jaain, executives of an Indian renewable-energy company, with …

Adani Group shares in free fall today. What should investors do?
1 month ago

Adani Group shares in free fall today. What should investors do?

India Today  

Adani Enterprises Ltd experienced a dramatic share price collapse on Thursday, with stocks plunging as much as 23% to a day-low of Rs 2,171.60. The steep decline comes in the wake of bribery allegations against Group Chair Gautam Adani, creating market turbulence and raising critical questions for investors. Global ratings agency Moody's said the development is "credit negative" for Adani …

Adani Enterprises stock recovers $30 billion lost after Hindenburg report
6 months, 4 weeks ago

Adani Enterprises stock recovers $30 billion lost after Hindenburg report

Hindustan Times  

Shares of Adani Enterprises Ltd- flagship of Gautam Adani’s group- erased all the losses following a short-seller report in early 2023. The conglomerate cut debt and landed major projects owing to which its stock stock crawled back losses of more than $30 billion after US-based Hindenburg Research alleged wide-ranging corporate malfeasance and share-price manipulation at conglomerate in January 2023. Adani …

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why
9 months ago

Adani Group stocks today: All 10 Adani group companies trade lower. Here's why

Hindustan Times  

Adani Group share price today: Shares of all 10 Adani group companies traded lower today. Adani Enterprises Ltd fell nearly 4 per cent in early trade, while Adani Ports and Special Economic Zone Ltd lost nearly 3 per cent. Adani Wilmar Ltd and Adani Power Ltd were down over a per cent and Adani Total Gas Ltd, Adani Energy Solutions …

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 stocks rally as SC ruling wins back confidence of investors
11 months, 2 weeks ago

Adani stocks rally as SC ruling wins back confidence of investors

Live Mint  

Bengaluru/Mumbai: Traders and investors expected a rally in Adani group shares on Wednesday in anticipation of a favourable verdict from the Supreme Court. The various events of last year have been dubbed a “distraction” by the Adani group, including most recently in the third week of December when a dozen-odd senior executives led by group chief financial officer Jugeshinder Singh …

Mitsubishi UFJ Financial Group eyes expansive growth in India
1 year ago

Mitsubishi UFJ Financial Group eyes expansive growth in India

Live Mint  

Mitsubishi UFJ Financial Group Inc., the largest bank in Japan, is seeking to expand its presence in India following strategic investments aimed at harnessing the growth potential of the South Asian nation, according to a report by Bloomberg. With India's economy projected to grow by 7% in the year ending March, global financial institutions and private equity firms are actively …

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 …

Barclays, Deutsche Bank, StanChart in talks with Adani to lend upto $750 mn for Ambuja Cements debt
1 year, 4 months ago

Barclays, Deutsche Bank, StanChart in talks with Adani to lend upto $750 mn for Ambuja Cements debt

Live Mint  

Barclays Plc, Deutsche Bank AG and Standard Chartered Plc are in discussions with Adani Group to lend between $600 million and $750 million collectively to refinance the debt taken to fund its purchase of Ambuja Cements Ltd., said a report by Bloomberg on Thursday. AdaniConneX sold $213 million worth of senior debt to finance data center construction in June, while …

Gautam Adani’s go-to bankers at Barclays turn cautious after Hindenburg
1 year, 5 months ago

Gautam Adani’s go-to bankers at Barclays turn cautious after Hindenburg

Live Mint  

For more than a decade, Barclays Plc has been the go-to bank for Indian billionaire Gautam Adani, leveraging a relationship forged when only a few global firms were working with the emerging conglomerate. “It’s a very tough choice since Adani may turn out to be a winner and the banks certainly want to be associated with winners,” said emerging markets …

Adani Group promoters likely to reduce holdings to create additional liquidity: Report
1 year, 5 months ago

Adani Group promoters likely to reduce holdings to create additional liquidity: Report

India Today  

Over the past few months, promoters of Adani Group have reduced a significant portion of their holdings in group companies following the stake sale to US-based boutique investment firm, GQG Partners. A report suggests that Adani Group promoters may continue to decrease their holdings in the coming months. It is worth mentioning that Adani Group promoters reduced their stakes after …

Adani Group shares tumble after reports of US regulatory scrutiny
1 year, 6 months ago

Adani Group shares tumble after reports of US regulatory scrutiny

India Today  

Shares of Adani Group plummeted on Friday following a report indicating that US authorities are scrutinising the conglomerate's representations to investors, prompted by US short-seller Hindenburg Research's scathing report. Institutional investors holding significant stakes in Adani Group companies have reportedly received inquiries from the US Attorney's Office in Brooklyn, New York, according to Bloomberg's sources. Hindenburg effect Hindenburg Research's report, …

Adani Group draws regulatory scrutiny in the US after Hindenburg report
1 year, 6 months ago

Adani Group draws regulatory scrutiny in the US after Hindenburg report

Live Mint  

US authorities, including the Securities and Exchange Commission and the Attorney’s Office in Brooklyn, New York, are enquiring about the representations made by Adani Group to its American investors in the wake of the Hindenburg Research’s report that accused the company of using offshore companies to manipulate its share prices, Bloomberg reported. The institutional investors with large holdings in the …

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

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

Hindustan Times  

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

Adani Group repays $2.65 billion loans to complete prepayment programme
1 year, 6 months ago

Adani Group repays $2.65 billion loans to complete prepayment programme

Live Mint  

The Adani Group has said that it has repaid loans aggregating $2.65 billion to complete a prepayment programme to cut the overall leverage in an attempt to win back investor trust after US short seller Hindenburg levelled allegations of stock price manipulation against the port-to-energy conglomerate. In a statement, the Adani group said it has repaid $2.15 billion of loans …

Adani Group repays loans worth USD 2.65 bn to complete prepayment programme
1 year, 6 months ago

Adani Group repays loans worth USD 2.65 bn to complete prepayment programme

India TV News  

Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion …

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’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 Group firms dollar bonds rise as group considers partial buyback of debt securities
1 year, 8 months ago

Adani Group firms dollar bonds rise as group considers partial buyback of debt securities

India Today  

The U.S. dollar-denominated bonds issued by entities of India's Adani Group were trading marginally higher on Thursday, after a group company said it will consider a buyback of securities. On Wednesday, Adani Ports and Special Economic Zone, part of the beleaguered Adani Group, said it will consider its first and a partial buyback of certain of the company's debt securities …

Fitch Ratings raises concerns over governance weaknesses at Adani Group entities
1 year, 8 months ago

Fitch Ratings raises concerns over governance weaknesses at Adani Group entities

Live Mint  

Mumbai: Fitch Ratings has said that Adani Transmission and Adani Ports and Special Economic Zone are vulnerable to “higher contagion risks” due to governance weakness at sponsor level and other Adani group entities. As of the end of December 2022, most of the senior debt at the Adani group's rated Indian entities was offshore and largely secured, with US dollar …

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

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

India Today  

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

Two Adani Group firms exposed to 'contagion risks', says Fitch Ratings
1 year, 8 months ago

Two Adani Group firms exposed to 'contagion risks', says Fitch Ratings

India Today  

Ratings agency Fitch said two Adani Group subsidiaries were exposed to "heightened contagion risks", possibly affecting their financial flexibility, due to weak governance at the parent conglomerate and other companies in the group. Adani Transmission Ltd and Adani Ports and Special Economic Zone "would be capped at current rating level of 'BBB-/Stable' till alleged concerns are ironed out," Fitch said …

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

Adani group stocks: Nine are down in FY23, expect once; mcap tanks

Live Mint  

Stocks of seven out of ten listed firms of the Adani Group closed in the red on Friday, with the flagship Adani Enterprises tumbling 2.68 per cent to ₹1,745.95 apiece as investors continued to desert the counters. For the ongoing financial year, Adani Total Gas and Adani Transmission tanked the most, with a fall of 54 per cent. Adani Ports …

Amid SVB collapse, Indian Twitterati mock Hindenburg over Adani
1 year, 9 months ago

Amid SVB collapse, Indian Twitterati mock Hindenburg over Adani

Live Mint  

The California-based Silicon Valley Bank has been abruptly shut down by state regulators after disclosing a $1.8 billion loss from a $21 billion sale of its bond holdings. This news has sparked criticism towards US-based short-seller Hindenburg Research, who previously accused Gautam Adani of pulling the “largest scam in corporate history”. A verified user with the handle of @vikrantkumar wrote, …

Adani repays $2.65 bn debt, releases Ambuja Cem share pledge
1 year, 9 months ago

Adani repays $2.65 bn debt, releases Ambuja Cem share pledge

Live Mint  

Billionaire Gautam Adani has fully repaid $2.15 billion of margin-linked, share-backed funding before its target 31 March deadline, the company said on Sunday. Additionally, Adani also prepaid a $500 million loan facility for acquiring Ambuja Cements Ltd, taking the total prepayment by the Adani family to $2.65 billion. “Adani continues to increase equity in Ambuja financing by prepaying $500 million …

Adani Group repays $2.15-billion loan due before March 31, prepays Ambuja Cements debt
1 year, 9 months ago

Adani Group repays $2.15-billion loan due before March 31, prepays Ambuja Cements debt

The Hindu  

In continuation of its prepaying the finance, the Adani Group has completed full pre-payment of margin-linked share-backed financing aggregating to $2.15 billion before March 31. “The entire prepayment programme of $2.65 billion has been completed within six weeks, which testifies the strong liquidity management and access to capital at sponsor level, supplementing the solid capital prudency adopted at all portfolio …

Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement
1 year, 9 months ago

Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement

India Today  

Embattled Adani Group on Sunday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a statement, Adani group said it has repaid USD 2.15 billion of loans …

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 …

'All share-backed loans paid back': Adani tells investors
1 year, 9 months ago

'All share-backed loans paid back': Adani tells investors

Hindustan Times  

Indian billionaire Gautam Adani and his family have prepaid all borrowings backed by his conglomerate Adani Group's shares, senior executives told investors at a meeting in London, Bloomberg News reported on Wednesday, citing people who attended the meeting. Adani's efforts to rebuild investor confidence comes as the group seeks to allay concerns about its debt by pre-paying loans. Adani's efforts …

GQG likely to increase Adani investment, says founder Rahul Jain
1 year, 9 months ago

GQG likely to increase Adani investment, says founder Rahul Jain

The Hindu  

GQG Partners would likely expand its investment in the Adani Group, the fund firm's founder Rajiv Jain said on March 8, a week after its $1.9 billion infusion into the embattled Indian conglomerate. GQG Partners, co-founded by Mr. Jain in 2016, bought shares worth $1.87 billion in four Adani Group companies, marking the first major investment in the Indian conglomerate …

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