Adani Group To Sell Adani Wilmar’s 43.97% StakeÂ
Adani group has made a big announcement, where it said that it will be selling its entire stakes in the food and beverage company Adani Wilmar. Adani Group has a 43.96% stake in the company, which is said to be finalised by next month. According to a report by the Economic Times, the conglomerate aims…
Yash Sharma
AdaniConneX: $213M for Noida & Chennai Data Centers
AdaniConneX, a joint venture between Adani Enterprises (AEL) and EdgeConneX (ECX), has secured a senior debt facility of $213 million from international banks to expedite its plans for delivering essential digital infrastructure and constructing local data centres. The funds will be utilised to finance the ongoing development of AdaniConneX’s data centre portfolio, which amounts to…
Adani Group Stocks Rise By 19% After SC Panel’s Clean Chit
On Monday, Adani Group Share price surged after getting a clean chit from the SC panel in the stock manipulation alleged by the Hindenburg. It was the best session for the Adani Group when all its listed firms added around $10 billion to their market valuation. Four months after the Hindenburg report, it is the…
SC Will Hear Pleas In Adani-Hindenburg Case Today
The Supreme Court will hear the pleas seeking a probe into the Adani-Hindenburg case. As per rumours, the three-judge bench led by the Chief Justice Of India (CJI) will hear the different pleas. On Monday, the Supreme Court of India adjourned SEBI’s petition in which the capital market regulator sought a 6-month extension to conclude…
Adani Ports And SEZ To Pay $ 130 Million Of Debts
Adani Ports and Special Economic Zone combined to pay $ 130 million of its debt. The APSEZ company offered nearly $413 million worth had been tendered for early payment. The company, APSEZ, announced a tender of up to $ 130 million of 3.375 per cent dollar-denominated bonds, set to mature in 2024. It also stated…
Adani Ports Buyback Debt Securities Upto $130MÂ Â
Adani Ports and Special Economic Zone Limited (APSEZ) are in the process of buying back some specific debt securities to partly repay a near-term loan which is due in 2024. The part of Adani group has raised a tender of up to $130 million in unpaid debt. Adani Ports will buy the 3.375% senior notes,…
Shipra Prajapati
Adani Group’s Total Debt Surpasses 1% of Indian Economy
Gautam Adani’s troubles continue as the total debt of his companies surpasses 1% of the Indian Economy. After Hindenburg Research issued a staggering report that alleged Adani group in accounting fraud and stock manipulation, the stock price of Adani’s various companies kept stumbling. In between this, various economic forums find out the amount of debt…
Aman Goyal
Adani Group Plans To Trim Its Capital Spending Plan
The Adani Group is planning to trim its capital spending plans after pulling a Rs 20,000 crore equity fundraising plan last week, a news channel reported on Monday, citing people close to the development. While providing more collateral in the form of stock pledges to lenders, the group may alter its capex (capital expenditure) plans…
Gautam Adani Success Story: Inspiration For Young Entrepreneurs
Reading the life story of any famous personality gives you a lot of insight into how they became successful and overcame challenges in their life. Their stories give us a lesson to do better in our life. Do you agree? And Gautam Adani is one such splendid personality in the Indian business who has made…
Adani Enterprise Plans To Launch Rs.20,000 Cr. FPO
The Adani Enterprise, a flagship of the Adani Group is expected to start the documentation process with the Securities Exchange Board Of India (SEBI) to file for an FPO (Follow-on public offer) worth rupees 20,000 crores. This FPO is likely to be the largest, succeeding the Yes Bank FPO that raised 15,000 crores in the…
Sumit