Hindenburg shorts Adani Group, flags debt and accounting concerns
1 year, 11 months ago

Hindenburg shorts Adani Group, flags debt and accounting concerns

The Hindu  

Hindenburg Research said on Wednesday it held short positions in India's Adani Group, accusing the conglomerate of improper extensive use of entities set up in offshore tax havens and expressing concern about high debt levels. Hindenburg, a well known U.S. short-seller, said key listed companies in the group controlled by billionaire Gautam Adani had "substantial debt" which has put the entire group on a "precarious financial footing". Hindenburg's report said that five of seven key listed Adani companies have reported current ratios — a measure of liquid assets minus near-term liabilities — below 1. Refinitiv data shows that debt at all the Adani Group's seven key listed Adani companies exceeds equity, with debt at Adani Green Energy Ltd exceeding equity by more than 2,000%.

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History of this topic

Adani Wilmar stocks recover as share price rises 5% in ealry trade
1 week, 2 days 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
1 week, 2 days 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 exit JV with Wilmar in first big move since US indictment
Trending News
1 week, 3 days ago

Adani Enterprises to exit JV with Wilmar in first big move since US indictment

Hindustan Times  

Adani Enterprises Limited on Monday announced its decision to exit its joint venture with Wilmar International Limited through a comprehensive divestment of its stake in Adani Wilmar Limited, the company said in a statement. This marks the Gautam Adani-led company’s first significant transaction since the US Department of Justice indicted the Adani Group in November. With this, the Adani Group …

Adani Enterprises to fully exit Adani Wilmar JV; check details here
1 week, 3 days ago

Adani Enterprises to fully exit Adani Wilmar JV; check details here

Live Mint  

Adani Enterprises Ltd is exiting its 26-year joint venture with Singapore's Wilmar group, raising over $2 billion that it will invest in core businesses such as energy and utilities. The Adani Group flagship on Monday said it will sell its entire 43.94% stake in Adani Wilmar Ltd-31.06% stake to its partner Wilmar International, and the balance to the public. Adani …

Adani Enterprises to sell entire Adani Wilmar stake in $2 billion deal
Trending News
1 week, 4 days 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 …

Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans
4 weeks, 1 day 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
4 weeks, 1 day 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 Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
1 month 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
1 month, 1 week 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 Energy shares jump 9% in morning trade
1 month, 1 week ago

Adani Green Energy shares jump 9% in morning trade

The Hindu  

Shares of Adani Green Energy jumped 9% on Monday morning after Adani group chairman Gautam Adani said his conglomerate was committed to compliances and "every attack makes us stronger" amid recent allegations and his indictment in the U.S. Adani Total Gas was trading at ₹774.45, down 4.57%, Adani Energy Solutions at ₹805.60, decline of 4.16%, Adani Enterprises ₹2,428.20, a fall …

Japanese Banks sticking with Adani as Jefferies, Barclays review ties
1 month, 1 week 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 …

Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
1 month, 1 week 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 loans: Indian lenders kick off a review
1 month, 1 week ago

Adani group loans: Indian lenders kick off a review

The Hindu  

Indian banks are reviewing their Adani exposure and whether they need to tighten due diligence, eight bankers said on Thursday, after the group's billionaire founder Gautam Adani was indicted by U.S. authorities over an alleged $265 million bribery scheme. Adani Group's listed stocks, which at one point saw as much as $34 billion wiped off their market value, meanwhile recovered …

Nine Adani Group firms trade higher; Adani Total soars nearly 19%
1 month, 1 week ago

Nine Adani Group firms trade higher; Adani Total soars nearly 19%

Deccan Chronicle  

Shares of nine of the 11 listed Adani Group firms were trading higher during morning trade on Thursday, with Adani Total Gas soaring nearly 19 per cent.The stock of Adani Total Gas soared 18.58 per cent, Adani Power zoomed 11.44 per cent, Adani Energy Solutions jumped 9.99 per cent and Adani Green Energy surged 9.99 per cent on the BSE.Shares …

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?
1 month, 1 week ago

Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?

Live Mint  

Stock Market Today: After rallying up to 18% in intra-day trade on Thursday, November 28, Adani group shares ended on a mixed note amid profit booking following a sharp two-day rally and weakness in the broader market indices. Adani Group gained in early trade today after Adani Green Energy issued a clarification on Tuesday, refuting bribery charges against Gautam Adani …

Adani group stocks extend winning streak, rally up to 12% today
Top News
1 month, 1 week ago

Adani group stocks extend winning streak, rally up to 12% today

India Today  

Adani group shares continued their positive momentum and extended their rally on Thursday with its stocks gaining up to 10% in early trade. The shares of the conglomerate have seen a recovery after the Adani group issued a clarification on charges of bribery by US authorities. The rally follows a clarification by Adani Green Energy Ltd on Wednesday that dismissed …

Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
1 month, 1 week 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 firms surge; Adani Total, Adani Power soar nearly 20 pc
1 month, 1 week ago

Adani Group firms surge; Adani Total, Adani Power soar nearly 20 pc

Deccan Chronicle  

New Delhi: Shares of all Adani Group firms ended sharply higher on Wednesday, with Adani Total Gas and Adani Power soaring nearly 20 per cent, bouncing back from the previous day's fall. The stock of Adani Total Gas surged 19.76 per cent, Adani Power soared 19.66 per cent, Adani Enterprises zoomed 11.56 per cent, Adani Energy Solutions jumped 10 per …

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations
Top News
1 month, 1 week ago

Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations

ABP News  

Shares of Adani Group companies saw a significant rally during morning trade on Wednesday, recovering from the losses incurred the previous day. Adani Energy Solutions led the surge, soaring 7.71 per cent, followed by gains in other group companies, signaling investor confidence despite ongoing allegations against the conglomerate. Adani Power climbed 5.96 per cent, Adani Total Gas rose 4.70 per …

Lost nearly $ 55 billion since US indictment: Adani Group
1 month, 1 week ago

Lost nearly $ 55 billion since US indictment: Adani Group

Deccan Chronicle  

New Delhi: India's Adani Group conglomerate said Wednesday it had lost almost $55 billion in a stock market rout since US prosecutors last week accused its founder and other officials of fraud. Adani Group issued a stiff denial, describing the charges as "baseless", but it triggered a heavy sell-off of Adani stocks in Mumbai last week, with multiple trading halts. …

Adani Group says it lost nearly $55 billion since US indictment: Report
1 month, 1 week ago

Adani Group says it lost nearly $55 billion since US indictment: Report

Hindustan Times  

India's Adani Group conglomerate said Wednesday it had suffered a staggering loss of nearly $55 billion since US corruption charges against top officials, accusations the company denies. The November 20 bombshell indictment in New York accused billionaire industrialist founder Gautam Adani and multiple subordinates of deliberately misleading international investors as part of the bribery scheme. "Since the intimation of the …

Adani Group stocks gain up to 17% after clarification on US bribery charge
1 month, 2 weeks 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 Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
1 month, 2 weeks ago

Adani Group shares rally after clarification on US bribery charges. Is the worst over?

India Today  

Adani Group shares surged on Wednesday, rallying by up to 20% after a clarification from Adani Green Energy addressed concerns related to US bribery charges. Other group companies, including Adani Green Energy, Adani Energy Solutions, Adani Ports and Special Economic Zone, and Adani Wilmar, saw gains ranging from 8% to 10%. The rally followed a statement from Adani Green Energy …

Fitch, Moody’s cut rating outlook on Adani group firms to negative from stable
1 month, 2 weeks 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, …

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations
Trending News
1 month, 2 weeks ago

Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations

Live Mint  

New Delhi, Nov 25 Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a US bribery indictment against the founder. The ports-to-energy conglomerate, whose chairman Adani and two other executives have been indicted in a …

Adani bonds slide to year low as investors and lenders weigh bribery allegations
1 month, 2 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 …

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip
1 month, 2 weeks ago

Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip

ABP News  

Nine of the 10 listed Adani Group firms saw a strong surge in morning trade on Monday, aligning with a broader rally in the equity markets. Adani Energy Solutions saw its stock rise by 6.89 per cent, while Adani Green Energy climbed 6.42 per cent. Other significant gainers included Adani Total Gas, which advanced 5.33 per cent, Adani Ports up …

Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%
1 month, 2 weeks ago

Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%

The Hindu  

Shares of nine of the ten Adani group firms climbed on the bourses in morning trade on Monday, with Adani Energy Solutions surging nearly 7%, in-tandem with a rally in the equity market. The stock of Adani Energy Solutions jumped 6.89%, Adani Green Energy soared 6.42%, Adani Total Gas surged 5.33%, Adani Ports climbed 4.64% and Adani Power rallied 4.17% …

Adani touts financial muscle, says can grow without external debt
1 month, 2 weeks ago

Adani touts financial muscle, says can grow without external debt

The Hindu  

Billionaire Gautam Adani's conglomerate on Monday showcased its cash reserves and profits that are enough to service debt obligations as well as meet growth plans as it reassured investors about business as usual despite a U.S. bribery indictment against the founder. Gautam Adani indictment: In-depth coverage The ports-to-energy conglomerate, whose chairman Mr. Adani and two other executives have been indicted …

Adani Green Energy shares tank 11% today. Here's why
1 month, 2 weeks ago

Adani Green Energy shares tank 11% today. Here's why

India Today  

Shares of Adani Green Energy Ltd fell sharply on Monday late in the day, dropping 11.36% to hit a day’s low of Rs 932.90. The drop in share price followed France-based TotalEnergies’ announcement that it would pause any new financial contributions to Adani Group companies amidst ongoing allegations involving senior Adani executives. TotalEnergies, a minority shareholder in AGEL with a …

Adani Group CFO Jugeshinder Singh Responds To Bribery Allegations — Here Is What He Said
1 month, 2 weeks ago

Adani Group CFO Jugeshinder Singh Responds To Bribery Allegations — Here Is What He Said

ABP News  

The Adani Group’s Chief Financial Officer, Jugeshinder Singh, said on Saturday the recent US government report concerns only a single contract under Adani Green Energy, which accounts for roughly 10 per cent of the subsidiary's total business. This specifically relates to one contract of #adanigreen which is roughly 10 per cent of overall business of Adani Green.” He added: “We …

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion
1 month, 2 weeks ago

Friday’s relief rally after Adani shock leaves investors richer by ₹7.27 trillion

Live Mint  

Mumbai: Indian markets were quick to recover from the shock of the Adani group bribery charges, surging to a nearly six-month high and snapping off a two-week slump on Friday. Adani group stocks fared better than on Thursday, when the ports-to-renewables conglomerate lost ₹2.24 trillion in market cap after US prosecutors indicted chairman Gautam Adani and other executives in an …

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%
1 month, 2 weeks ago

Adani group shares stage a sharp rebound; Adani Green Energy, Adani Enterprises, Adani Ports shares surge up to 6%

Live Mint  

Adani group stocks, including Adani Enterprises, Adani Ports & SEZ, Adani Power and Adani Total Gas, staged a decent rebound from early losses to trade in the green on Friday. The price movement in Adani group shares comes after a sharp slump seen in the previous session following the latest news on Gautam Adani's scrutiny by the US court. Adani …

Adani Group stocks, bonds fall for a second day after founder's US indictment
1 month, 2 weeks ago

Adani Group stocks, bonds fall for a second day after founder's US indictment

Deccan Chronicle  

Stocks and bonds of India's Adani Group dropped for a second session on Friday after a U.S. arrest warrant was issued for its billionaire founder Gautam Adani over an alleged 265 million dollars bribery scheme. U.S. prosecutors have charged Adani and seven other people with agreeing to pay bribes to Indian government officials to obtain contracts that could yield 2 …

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days
1 month, 2 weeks ago

Gautam Adani news: Adani shares extend selling for second straight session; lose up to 28% in two days

Live Mint  

Gautam Adani news: Following the latest news on Gautam Adani's scrutiny by the US court, Adani Group shares extended the selling spree for the second straight day. Adani Green share price today opened at ₹1,085 apiece on the NSE and touched an intraday low of ₹1,021 apiece, logging around 28 per cent correction in the last two straight sessions. Other …

Adani indictment rocks equities and bonds alike
1 month, 2 weeks ago

Adani indictment rocks equities and bonds alike

Live Mint  

Adani group executives’ indictment in a bribery case in the US roiled the Indian markets, with the conglomerate’s stocks taking a massive hit in the ensuing selloff. A $250 million bribery scheme aimed at influencing Indian officials to secure favourable solar power contracts for Adani Green Energy Ltd and New Delhi-based Azure Power Global Ltd. Shankar Sharma, founder of wealth …

Adani may see wider impact from US setback
1 month, 2 weeks 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 …

Adani Group shares trade lower for second consecutive day amid US bribery allegations
1 month, 2 weeks 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 …

Sensex, Nifty bounce back; Adani Energy shares down 5%
1 month, 2 weeks ago

Sensex, Nifty bounce back; Adani Energy shares down 5%

India Today  

Benchmark stock market indices broke their losing streak triggered by a sharp fall in Adani group stocks in the previous session to open higher on Friday. Banking sector stocks showed strong momentum with State Bank of India leading the gainers, rising 1.81%, followed by HDFC Life advancing 1.78%, and IndusInd Bank gaining 1.72%. Most sectoral indices traded in positive territory, …

Adani Group stocks extend slide amid bribery charges. Details here
1 month, 2 weeks ago

Adani Group stocks extend slide amid bribery charges. Details here

India Today  

Shares of Adani Group companies continued their steep decline on Friday, following allegations of a multi-million-dollar bribery and fraud case involving Chairman Gautam Adani and seven others. Adani Energy Solutions was down 8.48% at Rs 640.50 on the Bombay Stock Exchange, while Adani Green Energy fell 7.51% to Rs 1,060.35. Shares of other Adani Group companies, including its flagship Adani …

Gautam Adani ‘bribery’ case: How the troubles began since Hindenburg allegations — a timeline
1 month, 2 weeks ago

Gautam Adani ‘bribery’ case: How the troubles began since Hindenburg allegations — a timeline

Live Mint  

The Securities and Exchange Commission charged Adani Group Chairman Gautam Adani and his nephew Sagar Adani, among others, on November 20 over their alleged involvement in a multi-billion-dollar bribery and fraud scheme. September 2024: Hindenburg's third take on the Adani Group came through a social media post on platform X, citing Swiss authorities freezing $310 million of the Adani Group's …

Déjà vu moment for Adani Group after Hindenburg allegations
1 month, 2 weeks ago

Déjà vu moment for Adani Group after Hindenburg allegations

Deccan Chronicle  

CHENNAI: The indictment by the Securities Exchange Commission and the group’s loss in market capitalisation is a moment of déjà vu for Adani Group after the Hindenburg reports of 2023. In its January 2023 report, Hindenburg Research accused the Adani Group of engaging in extensive accounting fraud, stock price manipulation, and exploiting tax havens. Hindenburg in August this year further …

Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal
1 month, 2 weeks ago

Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal

Hindustan Times  

By Nikunj Ohri, Dharamraj Dhutia Indian tycoon Adani's US indictment rattles stocks, Kenya spikes deal NEW DELHI -Indian billionaire Gautam Adani has been indicted for fraud by U.S. prosecutors and arrest warrants issued for him and his nephew for their alleged roles in a $265 million scheme to bribe Indian officials to secure power-supply deals. U.S. authorities said on Wednesday …

Live tracking Adani Stocks: Six Adani stocks recover on Friday
1 month, 2 weeks ago

Live tracking Adani Stocks: Six Adani stocks recover on Friday

The Hindu  

Shares in billionaire Gautam Adani’s conglomerate saw a partial recovery on Friday, following a sharp sell-off triggered by U.S. charges alleging the tycoon paid over $250 million in bribes to secure lucrative government contracts. On the Bombay Stock Exchange, several Adani Group stocks rebounded: Ambuja Cements gained 3.50%, ACC rose 3.17%, Adani Enterprises advanced 2.16%, Adani Ports increased 2.05%, Adani …

Adani Group: U.S. Department of Justice allegations baseless
1 month, 2 weeks 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 …

Adani stocks tumble after US indictment, combined mcap dips by Rs 2.45 lakh crore
1 month, 2 weeks ago

Adani stocks tumble after US indictment, combined mcap dips by Rs 2.45 lakh crore

Firstpost  

The combined market capitalisation of all the ten listed Adani group firms eroded by Rs 2,45,016.51 crore during Thursday morning deals after Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay $250 million bribe to Indian officials in exchange for favourable terms for solar power contracts Adani group stocks faced heavy …

Allegations and scandals against the Adani Group: A timeline
1 month, 2 weeks 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, 2 weeks 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 Group Responds To Bribery Charges, Cancels $600 Million Bond Offering
1 month, 2 weeks ago

Adani Group Responds To Bribery Charges, Cancels $600 Million Bond Offering

ABP News  

Adani Green said on Thursday that they cancelled its $600 million bond offering following accusations by US prosecutors that Gautam Adani and other executives orchestrated a $250 million bribery scheme. Responding to the accusations, Adani Green released a statement on Thursday, which states, "The United States Department of Justice and the United States Securities and Exchange Commission have issued a …

Adani group stocks nosedive; Adani Enterprises, Adani Energy Solutions tank 20%
1 month, 2 weeks ago

Adani group stocks nosedive; Adani Enterprises, Adani Energy Solutions tank 20%

Hindustan Times  

Adani group stocks faced heavy drubbing during the early trade on Thursday, with Adani Energy and Adani Enterprises tumbling 20%, as billionaire Gautam Adani has been charged by US prosecutors over his role in an alleged years-long scheme to pay USD 250 million bribe to Indian officials in exchange for favourable terms for solar power contracts. The stock of the …

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