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Adani Group
Adani Enterprises Ltd, the flagship firm of business tycoon Gautam Adani's group, on Tuesday said it has completed a Rs 231.34 crore acquisition of Trade Castle Tech Park (TCTPPL), an infrastructure developer which owns sizeable land parcels. AdaniConneX (ACX), a joint venture of Adani Enterprises Ltd and data centre operator EdgeConneX, had executed a share purchase agreement on November 21, 2025 with TCTPPL and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL. The acquisition was to set up infrastructure facilities, it had said without elaborating. "AdaniConneX Pvt Ltd has completed the acquisition of 100 per cent stake of Trade Castle Tech Park Pvt Ltd and thereby TCTPPL has become a step-down joint venture of the company," AEL said in a stock exchange filing. The purchase consideration for the acquisition is Rs 231.34 crore, Adani Enterprises Ltd (AEL) had said on November 21. "TCTPPL is incorporated in India and
Finance Minister Nirmala Sitharaman on Monday said her ministry does not issue advisory or directions to Life Insurance Corporation of India (LIC) regarding its investment decisions, and emphasised that the investments that the state-owned insurer made in Adani Group were as per established SOPs. India's largest insurer has, over the years, made investment decisions across companies based on fundamentals and detailed due diligence. Following due diligence as per established standard operating procedures (SOPs), it has bought shares across half a dozen listed companies of Adani Group, whose book value stands at Rs 38,658.85 crore and invested another Rs 9,625.77 crore in debt instruments of the conglomerate. "The Ministry of Finance does not issue any advisory/direction to LIC in connection with matters related to investment of LIC fund," she said in a written reply to a question in Lok Sabha. The investment decisions of the state-owned insurer, she said, are taken by "LIC alone ...
The Supreme Court of Queensland has issued permanent orders preventing an anti-fossil-fuel activist from seeking or using confidential information belonging to Adani's Carmichael coal mines in Australia, concluding a multi-year legal dispute between the company and one of its most persistent opponents. Under the orders, Ben Pennings must cease all attempts to obtain confidential business information from Bravus employees, contractors or prospective contractors, and is barred from encouraging others to disclose such information, according to a statement issued by Bravus Mining and Resources. Bravus, part of the Adani Group, agreed not to pursue its legal costs. The firm operates the Carmichael coal mine in the Galilee Basin. It produces about 10 million tonnes of coal each year for the export market. The permanent orders prohibit Pennings from seeking or promoting the disclosure of confidential information, including through "direct action" campaigns aimed at eliciting insider leaks
The Union Ministry of Environment, Forest and Climate Change cleared a Rs 136-crore luxury hotel proposal by Adani Airport Holdings Ltd within the Thiruvananthapuram International Airport premises. The approval followed a detailed review by the Expert Appraisal Committee (Infra-2) during its August meeting, sources said on Tuesday. The project, spread across a little over 8,000 sq m inside the airport area, includes a 240-room hotel with food-and-beverage facilities offering 660 seats. According to official documents, the site is currently used as an open parking area within the airport, operated by the Adani Group. The land was handed over to the Adani Group's airport arm under a long-term concession agreement signed with the Airports Authority of India in January 2021. The proposed five-storey structure will have a height of 23 metres, with two basement levels for parking, a ground floor and four upper floors. The total built-up area is estimated at nearly 34,000 sq m. Authorit
An Adani group joint venture company has acquired infrastructure developer Trade Castle Tech Park, which owns sizeable land parcels, for Rs 231.34 crore. AdaniConneX (ACX), a joint venture of Adani group flagship firm Adani Enterprises Ltd (AEL) and data centre operator EdgeConneX, has executed a share purchase agreement (SPA) on November 21, 2025, with Trade Castle Tech Park (TCTPPL) and Shree Naman Developers and Jayesh Shah (existing shareholders of TCTPPL) to acquire 100 per cent stake in TCTPPL, AEL said in a stock exchange filing. "The object of acquisition is to set up infrastructure facilities," it said without elaborating. "The acquisition is expected to be completed by the end of November 25, 2025." The purchase consideration for the acquisition is Rs 231.34 crore, AEL said. "TCTPPL is incorporated in India and registered with the Registrar of Companies, Maharashtra, Mumbai, on October 16, 2023, with an object for carrying out infrastructure development activities. While
Adani Group has sold its remaining 7 per cent stake in Adani Wilmar Ltd in a block deal that attracted strong institutional demand. Domestic mutual fund houses, including Vanguard, Charles Schwab, ICICI Prudential MF, SBI Mutual Fund, Tata MF, Quant MF, and Bandhan MF, bought the stake, according to people familiar with the transaction. Several international investors from Singapore, the UAE, and other Asian markets also bought into the clean-out block. Market sources add that Wilmar's long-term institutional partners such as GIC are expected to increase their exposure to AWL as the promoter structure stabilises. Earlier this week, the Adani Group had sold 13 per cent stake in AWL to bring its exposure down to 7 per cent. AWL Agri Business Ltd (formerly Adani Wilmar Ltd) has completed a major shareholder reshaping after Adani Enterprises fully exited its 44 per cent stake, including the final 7 per cent clean-out block placed on November 20 at Rs 275 per share. The total realisat
Adani group has won majority lenders' vote for take over of debt-laden Jaiprakash Associates as its Rs 14,535-crore acquisition proposal included a higher upfront payment than rival bidders, sources said. A Committee of Creditors voted on resolution plans (acquisition proposals) submitted by suitors including Adani Group, Vedanta Ltd and Dalmia Cement (Bharat). Adani got the maximum 89 per cent votes from creditors, followed by Dalmia Cement (Bharat) and Vedanta Group, they added. The National Asset Reconstruction Company Ltd (NARCL) had the biggest say in the process as it controls about 86 per cent of the Committee of Creditors' (CoC) voting share. A small group of lenders, including State Bank of India and ICICI Bank - who together account for less than 3 per cent of CoC's votes - abstained from voting. Sources said lenders preferred Adani's plan primarily because it offered a significantly higher upfront payment compared to competing proposals. The ports-to-energy conglomerate
Bangladesh's High Court on Thursday ordered India's Adani Group not to proceed with its planned international arbitration in Singapore over the payment dispute with state-run Power Development Board (BPDB) until an investigation into its power supply deal is completed. The court officials said a two-judge High Court bench issued the order that the arbitration must remain suspended until a committee it appointed to scrutinise the power purchase agreement and investigate potential irregularities submits the findings. The order came in sequence of a lawyer's petition, seeking the High Court's intervention for review of scrapping BPDB's agreement with Adani, calling it a "one-sided" deal signed during deposed prime minister Sheikh Hasina's regime. The petition said Adani's power price is much higher than other regional sources, as electricity from Indian state-owned companies costs 5.5 taka per unit against 8.5 taka per unit by other Indian private companies, and from Nepal, it is 8 tak
Adani group has sold an additional 13 per cent stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd) to a subsidiary of Wilmar International through an off-market transaction. Adani Commodities LLP sold 16.9 crore (13 per cent) shares in AWL to Lence Pte Ltd, a subsidiary of Wilmar International, according to a regulatory filing. The sale is part of the broader stake-divestment plan announced earlier this year, under which Wilmar agreed to acquire between 11 per cent and 20 per cent of AWL Agri Business at a price of Rs 275 per share. While the filings by Adani Enterprises Ltd, the flagship firm of Adani group and the parent of ACL, as well as AWL did not discover the sale price, going by Rs 275 apiece, the acquisition cost comes to Rs 4,646 crore. ACL held 20 per cent in AWL. After the sale, it now holds 9.09 crore or 7 per cent of AWL. After buying 13 per cent, Lence now holds 56.94 per cent of AWL. As part of the transaction framework, Adani Enterprises Limited (AEL) and
The Supreme Court on Monday deferred by six weeks hearing on Sahara firm's plea seeking its nod to sell properties to the Adani Group as it asked the Centre to also file its response to the note submitted by amicus curiae on the issue. A bench of Chief Justice BR Gavai and Justices Surya Kant and MM Sundresh impleaded the Ministry of Cooperation in the matter after Solicitor General Tushar Mehta, appearing for the Centre, said a lot of cooperative societies were formed by the Sahara Group, which may be affected. Senior advocate Shekhar Naphade, who is an amicus curiae in the matter, submitted a note to the court, saying he has received a lot of objections with regard to the properties sought to be sold by the Sahara group and in particular he has filed objections with regard to 34 properties. Senior advocate Kapil Sibal, appearing for the Sahara Group, said he would like to file a response to the note submitted by the amicus and emphasised that a lot of properties were sold or lease
The Adani Group will invest about Rs 63,000 crore in Assam to build major power projects, including the Northeast's largest private coal-fired plant, and new pumped-storage facilities. In a statement, the conglomerate run by billionaire Gautam Adani said its energy companies have received Letters of Award from the state government for two large power projects in Assam. Adani Power Ltd will put in roughly Rs 48,000 crore to build a 3,200 MW greenfield ultra-super-critical thermal plant under the Design, Build, Finance, Own and Operate (DBFOO) model. The company won the project with a tariff bid of Rs 6.30 per kWh (per unit) and has secured coal linkage under the Centre's SHAKTI policy. The plant will be commissioned in phases from December 2030 and is expected to generate 20,00025,000 jobs during construction and about 3,500 in operations. Adani Green Energy Ltd, the group's renewable energy company, will invest around Rs 15,000 crore in two Pumped Storage Projects (PSPs) with a ..
The Supreme Court on Thursday adjourned to first week of December the hearing on a plea by UAE-based Seclink Technologies Corporation challenging the Maharashtra government's decision to award Mumbai's Dharavi redevelopment project to Adani Properties Pvt Ltd. A bench comprising Chief Justice of India BR Gavai and Justices K Vinod Chandran and Vipul Pancholi noted the CJI will not be able to complete hearing in the matter as he is due to retire on November 23 . "Our hands are full, how many judgments will I write ? CJI Gavai observed orally. On March 7, the top court had refused to halt the project and sought responses from the Maharashtra government and Adani Properties Pvt Ltd on a petition challenging a December 20, 2024 verdict of the Bombay High Court. The high court had cleared the decks for redevelopment of the slums in Dharavi and upheld the tender awarded to the Adani Group for the project, ruling there was no "arbitrariness, unreasonableness or perversity" in the ...