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…
Aman Goyal
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…
Yash Sharma
Adani Group To Acquire 29.18% Stake In NDTV, 26% In Line Â
Indian billionaire Gautam Adani’s conglomerate on Tuesday said it seeks to control the majority of stake in a popular news channel New Delhi Television (NDTV). Hours after the announcement, NDTV issued a statement that the Adani Group’s move “was executed without any input from, conversation with, or consent of the NDTV founders. According to Adani…
Adani Group Enters 5G Spectrum, Reliance Jio, and Bharti Airtel In Competition
Billionaire Gautam Adani’s group on Saturday confirmed its entry into the race to acquire a 5G spectrum, for which they have to apply for participation in the upcoming 5G spectrum auction. The company will use the technology to create a private network to support its business from airports to power as well as data centres.  …
Adani, TotalEnergies Joins Hands To Invest In Green Hydrogen
Adani New Industry Ltd (ANIL) teamed up with TotalEnergies to invest $50 billion in green hydrogen, the deal was announced on Tuesday. French giant TotalEngeries will buy a quarter of the equity in ANIL, part of Adani’s eponymous group. The company will invest a set amount for a period of over ten years. With this…
Adani Becomes India’s Second-largest Cement Producer
Asia’s richest person, Adani, became the second-largest cement producer in the country after acquiring 63.19% of Ambuja Cements Ltd. and its subsidiary ACC in Fierce bidding with local companies. Adani acquired a controlling stake in Holcim AG’s cement business for a $10.5 billion deal, said Adani group on Sunday. With this, the Adani group became…
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