Telangana CM Revanth Reddy refuses to accept Adani's Rs 100 cr donation: 'It would dent image'
1 month, 2 weeks ago

Telangana CM Revanth Reddy refuses to accept Adani's Rs 100 cr donation: 'It would dent image'

India TV News  

Telangana Chief Minister A Revanth Reddy on Monday took a U-turn on the Rs 100 crore donation announced by Adani Group chairman Gautam Adani to a university being set up in the state. 'It would dent the image of the state government' The chief minister, while addressing a press conference, said the decision was taken since Adani's announcement gave rise to "unnecessary discussions" that it may appear favouring the state government or the CM, if the donation was accepted, He said so far the Telangana government has not accepted a single rupee into its account from any organisation, including Adani Group. Five Adani group firms settle lower Meanwhile, the shares of five Adani group firms ended lower on Monday, with Adani Green Energy tumbling 8 per cent after French energy giant TotalEnergies SE said it will make no new financial contribution as part of its investments in Adani group companies till the Indian firm's founder is cleared of bribery charges. TotalEnergies is one of the biggest foreign investors in billionaire Gautam Adani's business empire and had previously taken stakes in the group's renewable energy venture Adani Green Energy Ltd and city gas unit Adani Total Gas Ltd. Adani Energy Solutions shares declined 3.78 per cent to Rs 624.85 and Adani Power went lower by 3.02 per cent to Rs 446.85 on BSE.

Energy Donation State Reddy Group Pti Cent Adani Revanth Reddy Telangana Cm  energy  dent  cent  revanth  state  donation  refuses  telangana  cm  rs  group  university  image  adani  reddy  cr

History of this topic

No State Role in Adani Unit: CM Revanth
2 weeks, 3 days ago

No State Role in Adani Unit: CM Revanth

Deccan Chronicle  

Hyderabad: Chief Minister A. Revanth Reddy on Tuesday said that the state government cannot cancel agreements signed by previous governments with the Adani Group for setting up of a defence production unit in Hyderabad. He said it was the BJP government at the Centre had allowed 100 per cent private investments in the defence sector and it was not under …

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny
3 weeks, 4 days ago

Adani-Andhra Deal Approved Against Officials' Advice, Under Bribery Scrutiny

Deccan Chronicle  

The approach from the Solar Energy Corporation of India on Sept. 15, 2021 came out of the blue. The federal agency, tasked with developing the solar sector, wanted to know if the southeastern state of Andhra Pradesh would like to sign India's largest renewables contract.Two years earlier, Andhra Pradesh's energy regulator had said in a 10-year forecast the state had …

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

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

Hindustan Times  

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

Stocks to watch today: Adani Ports, Bajaj Auto, NTPC Green Energy
Trending News
1 month ago

Stocks to watch today: Adani Ports, Bajaj Auto, NTPC Green Energy

India Today  

The stock markets have remained range-bound in recent sessions, with indices closing flat as the momentum from earlier rebounds has slowed after a new governor for the Reserve Bank of India was announced and a change in policies could be on the cards. Today, several stocks are likely to be in focus due to recent news and developments, such as …

Adani Group announces to invest Rs 7.5 lakh crore in Rajasthan across sectors
1 month ago

Adani Group announces to invest Rs 7.5 lakh crore in Rajasthan across sectors

India TV News  

Rising Rajasthan Global Summit: The Adani Group is planning to invest Rs 7.5 lakh crore across various sectors in Rajasthan, said Karan Adani, Managing Director of Adani Ports and SEZ Ltd on Monday at the Rising Rajasthan Global Summit held on Monday at the Jaipur Exhibition and Convention Centre in Sitapura. While speaking at the Rising Rajasthan Summit, Karan Adani …

Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
1 month, 1 week 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 …

Nine Adani Group firms trade higher; Adani Total soars nearly 19%
1 month, 2 weeks 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 Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
1 month, 2 weeks 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 Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%
1 month, 2 weeks ago

Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%

Live Mint  

Adani Power Share Price Today on 27-11-2024: At 27 Nov 11:08 today, Adani Power shares are trading at price ₹460.85, 5.28% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

BRS govt never encouraged Adani Group: KT Rama Rao
1 month, 2 weeks ago

BRS govt never encouraged Adani Group: KT Rama Rao

New Indian Express  

HYDERABAD: Disapproving of Chief Minister A Revanth Reddy’s statement that the previous government awarded projects to Adani Group, BRS working president KT Rama Rao on Tuesday said that the road projects in the state were awarded by the Centre and not the state. Rama Rao also alleged that Rs 16,000 crore investment made by Microsoft was “released” to the media …

No money given to Adani so far for Sri Lankan port project, says US development agency
1 month, 2 weeks ago

No money given to Adani so far for Sri Lankan port project, says US development agency

Live Mint  

Mumbai: The US International Development Finance Corporation, which last year committed a half-a-billion-dollar loan to the Adani group for developing a port in Sri Lanka, has not yet disbursed any money to the Indian conglomerate. Incidentally, GQG Partners informed its investors last week that it had built up positions in Adani group companies as new data emerged, including the DFC’s …

Telangana government not to accept Adani’s Rs 100 crore donation
1 month, 2 weeks ago

Telangana government not to accept Adani’s Rs 100 crore donation

New Indian Express  

HYDERABAD: Following the indictment of billionaire businessman Gautam Adani by prosecutors in the United States on charges of fraud and bribery involving governments of several states, Chief Minister A Revanth Reddy on Monday announced his decision not to accept the donation of `100 crore promised by the Adani Foundation to the Young India Skill University. The decision not to accept …

Adani Group deals at risk: How countries have reacted after bribery charges
1 month, 2 weeks ago

Adani Group deals at risk: How countries have reacted after bribery charges

India Today  

The Adani Group is under scrutiny after US authorities accused Gautam Adani and seven associates of paying $265 million in bribes to Indian government officials. President William Ruto said on Thursday that a procurement process that would have handed control of the country's main airport to the Adani Group was terminated, reported news agency Reuters. Adani Green Energy Limited, however, …

Adani bribery case: Andhra minister says checking if power deals can be scrapped
1 month, 2 weeks ago

Adani bribery case: Andhra minister says checking if power deals can be scrapped

India Today  

Andhra Pradesh is reviewing government files to explore the possibility of scrapping a power supply contract linked to the Adani Group, Reuters reported. The development comes in the wake of a New York court indicting Adani Group chairperson Gautam Adani and seven others for promising USD 265 million in bribes to states, including Andhra Pradesh, to obtain contracts. Finance Minister …

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP
1 month, 2 weeks ago

Congress demands Andhra Pradesh government cancel Adani deal signed under YSRCP

India Today  

The Andhra Pradesh Congress Committee urged the immediate cancellation of a power purchase agreement signed with Adani Green Energy in 2021 during the YSRCP government led by former Chief Minister YS Jagan Mohan Reddy. The deal, according to APCC president YS Sharmila, imposes an estimated financial burden of Rs 1.5 lakh crore on the people of Andhra Pradesh over the …

Telangana govt refuses to accept Adani’s ₹100 crore donation for Skill University. Here’s why
1 month, 2 weeks ago

Telangana govt refuses to accept Adani’s ₹100 crore donation for Skill University. Here’s why

Live Mint  

Congress-led Telangana government on Monday refused to accept ₹100 crore donation announced by Adani Group chairman Gautam Adani for the University. Telangana Chief Minister A Revanth Reddy said that the decision was taken since Adani's announcement gave rise to “unnecessary discussions”. Addressing a press conference, Revanth Reddy said that if the donation is accepted, it may appear favouring the state …

Revanth Declines Adani Funds for Skills Varsity
1 month, 2 weeks ago

Revanth Declines Adani Funds for Skills Varsity

Deccan Chronicle  

Hyderabad: Chief Minister A. Revanth Reddy said on Monday that the state government has declined a Rs.100-crore donation from the Adani Group intended for the Young India Skills University. Addressing a press conference on Monday, the Chief Minister said,: “We have not accepted funds or donations from any organisation, including the Adani Group, for the Young India Skills University. 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 …

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%
Top News
1 month, 2 weeks ago

Adani Power Share Price Today on 25-11-2024: Adani Power share price are up by 1%, Nifty up by 1.67%

Live Mint  

Adani Power Share Price Today on 25-11-2024: At 25 Nov 11:11 today, Adani Power shares are trading at price ₹465.35, 1% up from the previous closing price. On the technical front, the stock is trading below the short term simple moving averages of 5, 10, 20 day as well as longer term moving averages of 50, 100 & 300 days. …

Telangana won't accept Rs 100-crore Adani funding: Revanth Reddy amid criticism
1 month, 2 weeks ago

Telangana won't accept Rs 100-crore Adani funding: Revanth Reddy amid criticism

India Today  

The Congress government in Telangana has turned down funding of Rs 100 crore from the Adani Group for a skills university aimed at developing industry-specific abilities among young people. Chief Minister Revanth Reddy said the state government did not take any funds or donations for the Young India Skills University from any organisation, including the Adani Group. ROW OVER ADANI'S …

Scrap all Adani contracts in Telangana, demands BRS
1 month, 2 weeks ago

Scrap all Adani contracts in Telangana, demands BRS

Deccan Chronicle  

HYDERABAD: The BRS on Friday demanded that the Congress state government scrap all agreements it had entered into with the industrialist Gautam Adani’s group of companies, with party working president K.T. Addressing a press conference Rama Rao said while Rahul Gandhi keeps attacking Adani at the national level, in Telangana the Chief Minister was cozying up to the industrialist. The …

Adani case fallout: CM Naidu promises action
1 month, 2 weeks ago

Adani case fallout: CM Naidu promises action

Hindustan Times  

Andhra Pradesh promised on Friday to look into and “act” on charges that the Adani Group and its top executives paid massive bribes in the state for solar power contracts, while the Congress vowed to press for action in Parliament and global banks began reviewing fresh credit to the conglomerate, as fallout intensified from the US indictment of Gautam Adani …

Stocks to Watch: Adani Group stocks, Raymond, Vedanta, Hyundai Motor, SJVN and more
1 month, 2 weeks 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 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 …

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 …

Adani bribery charge sparks political storm: Centre, states react to US claims
1 month, 2 weeks ago

Adani bribery charge sparks political storm: Centre, states react to US claims

India Today  

Four states - Andhra Pradesh, Chhattisgarh, Odisha and Tamil Nadu - and one Union Territory, Jammu and Kashmir, came into focus after US prosecutors indicted industrialist Gautam Adani and seven others for allegedly paying bribes to Indian government officials for securing solar power contracts. ANDHRA PRADESH Andhra Pradesh Chief Minister Chandrababu Naidu on Friday addressed the US allegations of bribery …

Jagan gave Andhra as 'blank cheque' to Adani, turning it into Adani Pradesh: YS Sharmila
1 month, 2 weeks ago

Jagan gave Andhra as 'blank cheque' to Adani, turning it into Adani Pradesh: YS Sharmila

New Indian Express  

HYDERABAD: Andhra Pradesh Congress Committee president YS Sharmila on Friday accused her brother and former Chief Minister YS Jagan Mohan Reddy of giving the state as a "blank cheque" to the Adani Group and allegedly turning it into "Adani Pradesh". Sharmila's comments come in the wake of Adani Group chairman Gautam Adani being charged by the US Department of Justice …

KTR challenges Congress to cancel Adani contracts in Telangana
1 month, 2 weeks ago

KTR challenges Congress to cancel Adani contracts in Telangana

India Today  

Highlighting the inconsistencies in Congress leader Rahul Gandhi’s stance with that of Chief Minister Revanth Reddy, Bharat Rashtra Samithi working president KT Rama Rao lambasted the party-led Telangana government for its dealings with the Adani Group. KTR also highlighted Kenya’s recent termination of agreements with Adani, urging Telangana Congress to cancel their deals if they are genuinely concerned about the …

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 …

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments
1 month, 3 weeks ago

Shares in India's Adani Group plunge 20% after US bribery, fraud indictments

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. According to Adani Power’s website, it has expanded to …

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations
1 month, 3 weeks ago

Adani Group Shares Crash 20 Per Cent Amid US SEC Bribery And Fraud Allegations

ABP News  

Adani Group share price: Adani Group stocks saw losses on Thursday after US federal prosecutors filed bribery charges against the conglomerate's founder, Gautam Adani. Shares of major group firms, including Adani Enterprises, Adani Green Energy, and Adani Energy Solutions, witnessed declines of 10-20 per cent in early trade on Thursday. Adani Green Energy shares plunged 17 per cent to Rs …

India’s Adani Group sees $22 billion in value wiped off after US indictments
1 month, 3 weeks 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, …

Explained: Why Adani Enterprises shares fell 15% today
1 month, 3 weeks ago

Explained: Why Adani Enterprises shares fell 15% today

India Today  

Shares of Adnai Enterprises crashed 15% in early trade to Rs 2,398.25 on Thursday. The fall in shares came after billionaire Gautam Adani, chairman of the Adani Group, was charged in New York in connection with an alleged multibillion-dollar bribery and fraud scheme, according to US prosecutors, reported news agency Reuters. The charges allege that Adani, along with seven other …

Adani Group shares tank up to 20% in early trade after US indictment in bribery
1 month, 3 weeks ago

Adani Group shares tank up to 20% in early trade after US indictment in bribery

India Today  

Adani Group stocks fell sharply on Thursday, with shares dropping by as much as 20% in early trade. The decline in shares of Adani Group comes after US federal prosecutors charged Gautam Adani, the group's founder, with bribery allegations linked to securing solar energy contracts in India, reported news agency Reuters. ADANI GROUP REFUTES ALLEGATIONS The Adani Group has strongly …

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu
1 month, 3 weeks ago

Adani bribe row: US indictment names Andhra, Chhattisgarh, Odisha, J&K, Tamil Nadu

India Today  

Four states and one Union Territory are in focus following the US indictment of Gautam Adani and seven others for allegedly paying bribes to Indian government officials for securing solar power contracts. The prosecutors have alleged that the Adani Group paid USD 265 million in bribes, with a large chunk directed at officials in Andhra Pradesh, to secure contracts with …

Adani Infra to buy 30% stake in construction firm PSP Projects for ₹6.85 billion
1 month, 3 weeks ago

Adani Infra to buy 30% stake in construction firm PSP Projects for ₹6.85 billion

Live Mint  

Adani Infrastructure will acquire a 30.07 per cent stake in Gujarat-based construction firm PSP Projects for ₹6.85 billion. The Adani Infra deal values PSP Projects at ₹575 per share, which is a 15 per cent discount from its closing price on Tuesday. Additionally, Adani Infra will provide an “open offer” to purchase more stakes in PSP Projects as, according to …

Adani Group to invest $10 billion in US energy and infrastructure projects
1 month, 4 weeks 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 Power Soars 3% on ₹5,000 Crore Fundraise Move
2 months, 2 weeks ago

Adani Power Soars 3% on ₹5,000 Crore Fundraise Move

Live Mint  

Adani Power shares experience a surge in trading activity, with their stock price rising by over 3% on Thursday. The surge follows the announcement of a board meeting scheduled for October 28th to consider and approve a fundraising proposal worth ₹5,000 crore. The company plans to raise funds through a public issue and/or private placement of non-convertible debentures, with the …

Adani Group shares tumble; Adani Ports plunges 20 pc
7 months, 1 week ago

Adani Group shares tumble; Adani Ports plunges 20 pc

The Hindu  

Shares of all Adani Group companies tumbled on Tuesday as the initial trend showed BJP winning a lesser number of seats than predicted in exit polls. The stock of Adani Ports plummeted 20 per cent, Adani Energy Solutions plunged 19.80 per cent, Adani Power slumped 19.76 per cent, Ambuja Cements tumbled 19.20 per cent and the group's flagship firm Adani …

All Adani group shares fall on election result day: 10 lakh cr in m-cap wiped off
7 months, 1 week ago

All Adani group shares fall on election result day: 10 lakh cr in m-cap wiped off

Hindustan Times  

All Adani group shares fell on the declaration of Lok Sabha election results. The Adani group’s Ambuja Cements fell 6.50% to Rs.627. Adani Ports, Ambuja Cements, and ACC came under the term, “Modi Stocks” by global brokerage CLSA, which identified 54 companies that could be direct beneficiaries of PM Modi’s policies. In the previous year’s January, US-based activist short-seller, Hindenburg …

Adani Group stocks see ₹1.4 lakh crore gain today, zoom 16% as exit polls predict PM Modi's return
7 months, 1 week 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
7 months, 1 week 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 …

India's Adani Energy Solutions to raise up to $1.5 billion
7 months, 2 weeks ago

India's Adani Energy Solutions to raise up to $1.5 billion

The Hindu  

India's Adani Energy Solutions said on Monday that its board has approved a fundraise of up to ₹125 billion. Business news website Moneycontrol had earlier reported that the two Adani companies — Adani Energy and Adani Enterprises — will collectively approve a fundraising plan in a range of $3.5-4 billion. Last year, U.S. shortseller Hindenburg in a report accused the …

Adani infuses ₹8,339 crore more in Ambuja Cements, raises stake to 70.3%
8 months, 3 weeks 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 Power shares at fresh record high, surges 18% in 4 sessions. Here's why
9 months, 1 week ago

Adani Power shares at fresh record high, surges 18% in 4 sessions. Here's why

Hindustan Times  

Adani Power share price: Shares of Adani Power hit a fresh record high today. Adani Power share price: On the BSE, the stock rallied 5 per cent to a record high of ₹ 611.75. Adani Power share price: Adani Power's market capitalisation Currently, Adani Power's market capitalisation stands at ₹2.33 lakh crore and it is ranked 37th among all listed …

Adani Power share price jumps 5% for 2nd consecutive day: What's happening?
9 months, 1 week ago

Adani Power share price jumps 5% for 2nd consecutive day: What's happening?

Hindustan Times  

Adani Power share price: Adani Power share price hit 5 per cent upper circuit for the second consecutive session today. Adani Power share price jumped 5 per cent to hit its upper price band. Adani Energy climbed over 8 per cent on April 1 while shares of Adani Energy Solutions jumped 8.40 per cent, NDTV zoomed 6.16 per cent, Adani …

Ambani, Adani collaborate for first time: Reliance picks 26 per cent stake in Adani Power project
9 months, 2 weeks ago

Ambani, Adani collaborate for first time: Reliance picks 26 per cent stake in Adani Power project

India TV News  

In the first collaboration between rival billionaires, Mukesh Ambani's Reliance Industries has picked up a 26 per cent stake in a Madhya Pradesh power project of Gautam Adani, and signed a pact to use the plants' 500 MW of electricity for captive use. Reliance will pick up 5 crore equity shares in Mahan Energen Ltd, a wholly owned subsidiary of …

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