Billionaire Gautam Adani’s flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023 derailed a previous plan.Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and … Read more
Mumbai: The Adani Group can double its debt exposure to the domestic capital markets to 10% of the conglomerate’s total loans so long as the instruments used to raise funds mature within five years, said the group’s chief financial officer, Jugeshinder Singh. Indian capital markets currently account for about 5% of Adani Group’s total outstanding … Read more
“Non-life insurance space has been growing decently, especially the growth shown by companies like ICICI Lombard, etc, have been quite strong and that is also reflected in the stock price movements. Non-life has been doing better than life. And I think vis-à-vis the two spaces I think that is the better space to be in,” … Read more
Mumbai: Shares of Adani Group companies fell by up to 7% Monday as the sentiment soured following fresh allegations by the US-based short-seller Hindenburg that Sebi chief Madhabi Puri Buch and her husband, Dhaval Buch, held stakes in Bermuda and Mauritius-based offshore funds used by Gautam Adani’s brother, Vinod Adani, to “amass and trade large … Read more
360 ONE Asset Management, which is at the centre of a controversy surrounding Sebi chief Madhabi Puri Buch in the Hindenburg report, on Sunday clarified that its offshore fund IPE-Plus Fund 1 never had any investment in shares of any Adani Group companies. “Throughout the fund’s tenure, IPE-Plus Fund 1 made zero investments in any … Read more
A year-and-a-half after alleging that billionaire Gautam Adani was running the “largest con in corporate history”, Hindenburg Research on Saturday made yet another wild allegation on the Adani issue by alleging that Sebi Chairperson Madhabi Puri Buch had stakes in offshore funds linked to the conglomerate. “The current SEBI Chairperson and her husband, Dhaval Buch, … Read more
Shriram Subramanian, Founder & MD, InGovern, says Kotak would likely be acting as just a creator of a fund where someone else’s funds are used. US-based short-seller Hindenburg Research whose report on the Adani Group last year triggered a rout in the group’s stocks, has come out with a note stating India’s market regulator Sebi … Read more
Mumbai: India’s ambitious growth plans with a focus on infrastructure will help the Adani group capitalise on upcoming opportunities, especially with its expertise in executing complex, large-scale projects, Gautam Adani said on Monday. “Given the multiplier effect, the Government of India has rightly focused on infrastructure development by raising its funding by 16% to over … Read more
Adani Airport Holdings (AAHL), the operator of the Mumbai International Airport, has raised ₹150 crore in debt for four years at 9.95% payable annually, said people aware of the development. The company raised the debt on Tuesday by issuing senior secured listed non-convertible debentures maturing in June 2028, the people said. The proceeds will be … Read more
Adani group stocks significantly recovered, surging by up to 6% in Wednesday’s trade after experiencing a sharp decline of as much as 15% in early trading. ACC, Ambuja Cement, Adani Green Energy, and Adani Ports surged between 3-6%. In early Wednesday trade, Adani Energy Solutions declined 15%, while Adani Power fell 12%. Adani Enterprises, Adani … Read more
