Adani Group To Sell Adani Wilmar’s 43.97% Stake
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…
Monika Gola
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 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…
Jyoti
Rupee Falls To 82.73/$: The Biggest Fall In Four Months
A sharp fall in the Rupee was registered against the US Dollar, with the value stooping to 82.73/$. This is the lowest value registered as of September 2022. Due to the appreciation of the dollar value, not only the Rupee but other Asian currencies like the Korean Won and the Thai Bhat saw a steep…
Shipra Prajapati
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…
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
Indian Oiltanking Signed Agreement With Adani Ports
On Wednesday, Adani Ports and the Special Economic Zone Ltd. (APSEZ) announced that it acquired a 49.38% stake in Indian Oiltanking for Rs 1,050 crore. APSEZ, a flagship transportation sector of the Adani group, is India’s largest private ports and logistics company. Under the agreement, Adani Ports will also obtain an additional 10% equity stake…
Adani Group Acquires One Of India’s Biggest Aviation Company
On Tuesday, the multibillion-dollar Adani Group announced that it would acquire Air Works, one of India’s largest and most diverse aircraft Maintenance, Repair, and Overhaul (MRO) companies, as part of its expanding defence portfolio. Adani Defence Systems and Technologies Ltd (ADSTL) announced the signing of a merger agreement to acquire Air Works, which has one…
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