Adani Group pledges stake worth $13 bn in Ambuja Cements and ACC
2 years, 3 months ago

Adani Group pledges stake worth $13 bn in Ambuja Cements and ACC

The Hindu  

The Adani Group has pledged its entire stake worth $13 billion in Ambuja Cements and ACC, days after completing its $6.5 billion acquisition of the two companies. This is "for the benefit of certain lenders and other finance parties," said Adani Group which has now chalked out plans to double the cement manufacturing capacity to 140 million tonne in next five years. Last week, Adani Group announced the completion of the acquisition of Ambuja Cements and ACC for $6.5 billion which includes the buyout of Swiss major Holcim's stake in the two firms and subsequent open offers to minority shareholders. Adani Group's competency in driving operational efficiency will result in "significant margin expansion to become the most profitable cement manufacturer in the country," he said.

India Group Cent Acc Adani Largest Cement Ambuja Deutsche Bank 13 Billion  cement  worth  stake  cements  bn  ambuja  cent  acquisition  pledges  adani  acc  group  13  billion  largest

History of this topic

Adani Group approves merger of Sanghi Industries, Penna Cements with Ambuja Cements
1 week ago

Adani Group approves merger of Sanghi Industries, Penna Cements with Ambuja Cements

Live Mint  

Ambuja Cements merger: The Adani Group-owned Ambuja Cements will merge the acquired companies Saurashtra-based Sanghi Industries and Andhra Pradesh-based Penna Cement Industries with itself. Ambuja Cements holds 58.08 per cent of Sanghi Industries' paid-up equity share capital. As part of the deal's completion, Ambuja Cements also executed a trade to acquire 54.51 per cent of the voting share capital from …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
3 weeks ago

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge

ABP News  

Shares of seven Adani Group companies ended higher on Tuesday, with Adani Ports and Special Economic Zone leading the charge with a 6.02 per cent gain, emerging as the top performer among Sensex and Nifty firms. Other Adani Group stocks also witnessed upward movement on the BSE, with Ambuja Cements rising 5.15 per cent, ACC climbing 2.56 per cent, Adani …

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience
3 weeks, 1 day ago

Adani Green Energy Shares Surge 9% Amid Allegations; Gautam Adani Asserts Resilience

ABP News  

Shares of Adani Green Energy Ltd witnessed a sharp jump of 9 per cent on Monday, trading at Rs 1,445 on the BSE, following a defiant statement from Adani Group chairman Gautam Adani. Performance of Adani Group Stocks While Adani Green Energy saw significant gains, other group stocks showed mixed results: Adani Ports rose 2 per cent, Ambuja Cements gained …

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 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 …

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
3 weeks, 6 days ago

Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer

Live Mint  

Stock Market Today: Adani group stocks rebounded on Wednesday, gaining up to 16% post clarification issued by Adani Green Energy regarding bribery charges against Gautam Adani and others. Adani Total Gas share price surged 16% and was the top gainer, followed by Adani Power and Adani Green, whose share price skyrocketed up to 8%. Adani Group stocks rise up to …

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% …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
4 weeks, 1 day 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 …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month ago

Adani Group shares trade lower for second consecutive day amid US bribery allegations

India TV News  

Shares of eight out of ten listed Adani Group companies witnessed a sharp decline during Friday’s morning trade following charges against billionaire Gautam Adani by US prosecutors. Shares of Adani Power tanked 6.38 per cent, Adani Total Gas went lower by 6.11 per cent, Adani Ports declined 5.31 per cent, Adani Wilmar plunged 5.17 per cent to hit the one-year …

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 …

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 …

Allegations and scandals against the Adani Group: A timeline
1 month ago

Allegations and scandals against the Adani Group: A timeline

The Hindu  

With a U.S. court indicting Gautam Adani and seven others on charges of securities and wire fraud, Adani’s stocks nosedived as possible arrest of one of India’s richest businessmen looms large. Adani Green Energy Ltd withdrew its proposed $600 million U.S. dollar denominated bond offering after the Easter New York district court charged the apples to airports conglomerate of bribery …

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 …

India’s Adani Group sees $22 billion in value wiped off after US indictments
1 month ago

India’s Adani Group sees $22 billion in value wiped off after US indictments

Live Mint  

-Shares of Adani Group companies lost about $22 billion in market value in early trade on Thursday after U.S. prosecutors charged the billionaire chairman of the Indian conglomerate in an alleged bribery and fraud scheme. Gautam Adani's flagship company Adani Enterprises fell 10%, while Adani Ports, Adani Total Gas, Adani Green, Adani Power, Adani Wilmar and Adani Energy Solutions, ACC, …

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 …

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 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 …

Gautam Adani has a new $5 billion business idea in mind
1 month, 1 week ago

Gautam Adani has a new $5 billion business idea in mind

Live Mint  

The Adani Group is planning a $5 billion foray into India's metals business, two years after marking its mega entry into the country's cement sector. The two people said since the group, which aims to reach 50GW in renewable energy by 20230, itself needs a lot of aluminium for manufacturing solar panels, frames, stands, and wind turbines, the plan to …

Delhi HC dismisses ₹218 crore stamp duty order, ₹69 crore penalty notice against Ambuja Cements
1 month, 2 weeks ago

Delhi HC dismisses ₹218 crore stamp duty order, ₹69 crore penalty notice against Ambuja Cements

Live Mint  

In a big relief for Ambuja Cements, the Delhi High Court has set aside a show cause notice and order demanding ₹218.87 crore stamp duty and ₹69 crore penalty from the company, according to an ANI report. The order from the Collector of Stamps, Delhi directed Ambuja Cements to pay stamp duty worth ₹218,87,81,917.28 and a penalty of ₹69 crore …

Ambuja Sets Tough Targets to Fight Competition: A Strategic Expansion Plan for Cement Giant
1 month, 3 weeks ago

Ambuja Sets Tough Targets to Fight Competition: A Strategic Expansion Plan for Cement Giant

Live Mint  

Ambuja Cements Ltd is seeing results from its increased focus on inorganic growth. The company's consolidated volume grew by 8.4% year-on-year to 14.2 million tonnes (mt) in the September quarter (Q2FY25). This outpaces the industry's flat growth and sector leader UltraTech Cement Ltd's 2.7% rise in domestic grey cement volume to 26.4 mt.

Adani’s resurgence: A $5-7 bn war chest for cement, ports, defence acquisitions
3 months 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, …

Ambuja Cements Q1 profit at ₹789.63 crore, revenue at ₹8,311.48 crore
4 months, 3 weeks ago

Ambuja Cements Q1 profit at ₹789.63 crore, revenue at ₹8,311.48 crore

The Hindu  

Adani Group firm Ambuja Cements Ltd on July 31 reported a consolidated net profit at ₹789.63 crore for the first quarter ended in June 2024. The consolidated results of Ambuja Cements include the financial performance of its step-down firm ACC Ltd in which it owns around 51% stake and Sanghi Industries, a Gujarat-based company which the Adani group acquired last …

Adani Energy Solutions may launch $600 million share sale this week: Report
4 months, 3 weeks ago

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

Hindustan Times  

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

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 …

Ambuja Cements share price jumps 3% today, analysts bullish on Adani firm stock
6 months, 1 week ago

Ambuja Cements share price jumps 3% today, analysts bullish on Adani firm stock

Hindustan Times  

Ambuja Cements share price rose more than 3% to hit a 52-week high in early trade today. Emkay Global Financial Services maintained its preference for Ambuja Cements and retained its ‘Buy’ call for Ambuja Cements shares and March 2025 target price at ₹700 per share. Antique Stock Broking maintained a ‘Buy’ rating with Ambuja Cements share price target of ₹700 …

Top five to corner 55 pc market share in cement sector
6 months, 1 week ago

Top five to corner 55 pc market share in cement sector

Deccan Chronicle  

Chennai: Amidst reports of Adani Group exploring more acquisitions in the cement sector, ICRA foresees further consolidation in the sector with top five companies cornering 55 per cent share by next year. According to ICRA, the market share of the top five cement companies witnessed a steep rise to 54 per cent as of December 2023 from 45 per cent …

Ambuja Cements’ acquisition of Penna Cement for ₹10,422 crore raises Adani’s cement market share by 8%
6 months, 1 week ago

Ambuja Cements’ acquisition of Penna Cement for ₹10,422 crore raises Adani’s cement market share by 8%

Live Mint  

Ambuja Cements, an Adani group firm on Thursday, June 13, announced the acquisition of Penna Cement Industries Ltd at an enterprise value of ₹10,422 crore. The acquisition will improve Adani group's share in the cement market pan-India by 2 per cent and 8 per cent in south India, according to a regulatory filing by Ambuja Cements to the stock exchanges. …

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 …

Gautam Adani replaces Mukesh Ambani as richest Asian
6 months, 3 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 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 Enterprises stock recovers $30 billion lost after Hindenburg report
7 months 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 infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%
8 months, 1 week ago

Adani infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%

The Hindu  

Billionaire Gautam Adani’s family infused an additional ₹8,339 crore in Ambuja Cements, raising its stake in the company to 70.3%, to help the cement maker’s manufacturing capacity. “With this, promoters have further strengthened Ambuja post-acquisition, giving Ambuja capital flexibility for accelerated growth, capital management initiatives and best-in-class balance sheet strength to accomplish its various strategic initiatives,” the statement said. Besides …

Adani family infuses ₹8,339 crore in Ambuja Cements, raises stake to 70.3%
8 months, 1 week ago

Adani family infuses ₹8,339 crore in Ambuja Cements, raises stake to 70.3%

Hindustan Times  

Billionaire Gautam Adani and his family have infused an additional ₹8,339 cr in Ambuja Cements, the company said in a statement, raising their stake in the major cement-producing firm to 70.3 per cent. "We are thrilled to announce completion of Adani family's primary infusion of INR 20,000 Cr in Ambuja," said Ajay Kapur, Whole Time Director and CEO, Ambuja Cements …

Why Ambuja Cements share price trading flat despite stock market crash?
8 months, 1 week ago

Why Ambuja Cements share price trading flat despite stock market crash?

Live Mint  

Stock market today: Despite stock market crash for the second day in a row, the Indian stock market, Ambuja Cements share price is trading flat during Monday deals. The Adani group company share witnessed some selling pressure in the early morning session, but despite the stock market crash today, Ambuja Cements share price bounced back strongly from its intraday low …

Adani Doubles Down on Cement: Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%
8 months, 3 weeks ago

Adani Doubles Down on Cement: Gautam Adani infuses ₹6,661 crore to boost stake in Ambuja Cements to 66.7%

Live Mint  

Indian billionaire Gautam Adani and his family injected $799 million to increase its stake in Ambuja Cements Ltd. as the business tycoon showed signs of confidence in its cement business amid the country’s infrastructure boom. The latest infusion of ₹6,661 crore by the Adani family came after their previous investment of ₹5,000 crore for exercising the warrants issuance approved by …

Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake in company
8 months, 3 weeks ago

Adani family infuses ₹6,661 crore into Ambuja Cements, raises stake in company

Hindustan Times  

Adani family, promoters of Ambuja Cement, infused ₹6,661 crore into the cement and building materials company under the Adani portfolio. Adani family increased their stake in the Ambuja Cement by 3.6 percent to attain 66.7 percent holding. "This strategic move underscores unwavering commitment to have robust capital management philosophy for the portfolio companies and the latest investment testifies the commitment …

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 Group to invest 70 per cent of total investments in green energy: Sources
9 months 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 stocks rally up to 10%; Adani Energy, Adani Green shares top gainers
9 months, 1 week ago

Adani Group stocks rally up to 10%; Adani Energy, Adani Green shares top gainers

Live Mint  

Adani Group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Green Energy, and others, rallied up to 10% on Thursday, rebounding from a steep fall witnessed in the previous session. All ten Adani Group stocks were trading with sharp gains on March 14 led by renewed buying interest amid upbeat market sentiment. The rally added nearly ₹57,000 crore to …

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 …

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 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 …

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 completes acquisition of Sanghi Industries
1 year ago

Adani Group completes acquisition of Sanghi Industries

Deccan Chronicle  

Mumbai: Adani Group-owned Ambuja Cements Limited on Tuesday announced the completion of the acquisition of Sanghi Industries Limited, at an enterprise value of Rs 5,185 crore. Soon after the release, shares of Ambuja Cement rose 7 per cent to Rs 510.30 in intraday trade while shares of Sanghi Industries reached Rs 129.90 with an upper circuit of 5 per cent. …

Gautam Adani's renewables firm in talks for ₹14,978 crore loan: Report
1 year, 1 month ago

Gautam Adani's renewables firm in talks for ₹14,978 crore loan: Report

Hindustan Times  

Gautam Adani's firm, Adani Green Energy is in talks with a group of lenders abroad to borrow 1.8 billion dollars. Billionaire Gautam Adani The loan amount will be used in capacity-building, Bloomberg reported, citing people familiar with the deal who didn't wish to be named. The financial institutions the Gautam Adani-led companies are in touch with includes Barclays Plc, BNP …

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 …

OCCRP reveals foreign investors linked to Adani stock manipulation
1 year, 3 months ago

OCCRP reveals foreign investors linked to Adani stock manipulation

The Hindu  

Published : Sep 05, 2023 11:25 IST - 3 MINS READ On August 31, western media outlets published the findings of The Organized Crime and Corruption Reporting Project, a global network of investigative journalists, which accused the Adani group promoters of using overseas funds as fronts to boost their shareholding in group companies beyond prescribed limits and manipulate stock prices. …

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 …

Seven Adani stocks gain 2%-10%, Adani Ent, Adani Port among top gainers on Nifty
1 year, 4 months ago

Seven Adani stocks gain 2%-10%, Adani Ent, Adani Port among top gainers on Nifty

Live Mint  

Adani Group stocks have been in spotlight following Economic times news report that said Abu Dhabi National Energy Company PJSC is considering investing up to $2.5 billion in the group's power industry. Also, this week, Adani Power share price was in focus after GQG Partners purchased 31 crore shares, or more than 8% of the company's entire stake. Further, on …

Promoters raise $500 mn via Adani Green stake sale to QIA
1 year, 4 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 …

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