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
If you’re the type of person who feels one trillion dollars is too much money for any single human to have, and you feel Elon Musk doesn’t deserve all the money he already has, then I’ve got some bad news for you. Thanks to six companies Musk currently leads – Tesla, SpaceX, X, xAI, The … Read more
The head of India’s markets regulator, Madhabi Puri Buch, continued to earn revenue from a consultancy firm during her seven-year tenure, potentially breaching rules for regulatory officials, according to public documents reviewed by Reuters. Hindenburg Research has alleged a conflict of interest in Buch’s investigations surrounding the Adani Group due to her previous investments. The … Read more
Shares of FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday’s intraday trade on BSE after billionaire Gautam Adani’s flagship entity Adani Enterprises on Thursday approved the demerger of the company’s food FMCG business to Adani Wilmar. “It is believed that the proposed demerger will unlock the direct value of the demerged company’s … Read more
Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group’s first fundraise from equity markets after a $2.5 billion share sale … 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
Adani Group chairman, Gautam Adani, is considering purchasing a stake in Paytm’s parent company One97 Communications, reported The Times of India quoting sources familiar with the matter. As per the report, Paytm founder and CEO Vijay Shekhar Sharma visited Adani at his office in Ahmedabad to “finalise the contours of a deal” on Tuesday. If … Read more
Mumbai: A year after the American short-seller Hindenburg’s claims shook Gautam Adani’s business empire, the ripples of an investigation by the US authorities into a bribery allegation have touched the influential business group. Stocks and bonds of Adani companies fell on Monday amid news reports that US prosecutors have widened their probe to investigate whether … Read more
