The company's total income for the quarter stood at ₹33,187.11 crore, up from ₹27,601.64 crore a year ago, according to its audited financial results
The National Company Law Appellate Tribunal (NCLAT) on Monday adjourned its hearing over mining giant Vedanta Group's petitions against the selection of Adani Enterprises' bid for debt-ridden Jaiprakash Associates Ltd (JAL). The insolvency appellate tribunal adjourned the hearing on account of a change in the composition of the bench, which was hearing the two appeals filed by Vedanta Ltd. The change has been made due to the unavailability of a member of the bench. NCLAT will decide the date for the next hearing shortly. Vedanta has filed two petitions, challenging the March 17 order by the Allahabad bench of NCLT, which approved Adani Enterprises Ltd's Rs 14,535-crore bid to acquire JAL through the insolvency process. On March 24, NCLAT declined any interim stay on the order passed by the NCLT approving the Adani Group's bid for acquiring JAL. However, it said the plan would be subject to the outcome of the appeals filed by the Anil Agarwal-led Vedanta Group. This interim order
Top court directs Vedanta and other parties to present contentions before NCLAT; JAL monitoring committee also directed to not take major steps without tribunal approval
Adani Enterprises Limited's (AEL) Rs 1,000 crore public issue of non-convertible debentures (NCDs) was lapped up within 45 minutes of opening, according to stock exchange data. The base issue of Rs 500 crore was snapped in just 10 minutes and subscription crossed Rs 1,000 crore - after including the greenshoe option - in under an hour. The issue, which opened on Tuesday, closes on January 19, 2026, with allotment on a first-come, first-served basis. It offers an effective yield of up to 8.90 per cent per annum, according to the company. The base size is Rs 500 crore, with a green shoe option of an additional Rs 500 crore. NCDs are proposed to be listed on BSE and NSE and will be allotted on a first-come, first-served basis. Rated 'AA-' with a stable outlook by ICRA and CARE Ratings, the NCDs offer competitive yields compared to similarly rated debt and fixed deposits, giving retail investors an opportunity to participate in India's infrastructure growth. AEL's second NCD issuance
The planned fundraising also includes ₹500 crore in a greenshoe option, the bankers said, which firms typically exercise when pricing is favourable
Creditors, mostly Indian banks, opted for Adani's bid over Vedanta's higher ₹17,000 crore offer because it included larger upfront payments preferred by stakeholders
Senior leadership including Group Chief Financial Officer Jugeshinder Singh and executives of Adani companies will attend the meetings
Q2FY26 company results: Firms including Adani Ports and SEZ, Aditya Birla Fashion and Retail, Alembic, and Interglobe Aviation are also to release their July-September earnings reports today
Conglomerate's cash reserves stood at Rs 53,843 in Q1, accounting for 19% of gross debt
The agreement also allows for up to $250 million in additional funding for capital expenditure and capacity expansion needs
Adani companies, with interests stretching from ports to green energy, are steadily regaining investor confidence after a US indictment of the founder soured sentiment.
Adani Group posted an 8.2% rise in FY25 EBITDA to ₹89,806 crore, with strong growth in core infra sectors, record capex and a marked decline in leverage metrics
Adani Enterprises Q4 FY25 result: The board of directors recommended a dividend of ₹1.30 per fully paid equity share for FY25, subject to approval
Stocks to watch on January 30, 2025: Bajaj Finance reported a Q3 net profit of Rs 4,240 crore, up from Rs 3,639 crore Y-o-Y, exceeding estimates of Rs 4,098 crore.
Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.
The sharp decline was triggered by reports revealing that JPMorgan, the New York-based financial giant, maintained its 'Underweight' rating on the stock for a target price of Rs 320
Wholly-owned subsidiary of Wilmar Lence Pte Ltd will acquire up to 31.06 per cent of AWL's equity shares held by Adani Commodities LLP (ACL) via call or put options
AEL will use the proceeds from the sale to turbocharger its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacency in primary industry.
The ports-to-power Adani Group's flagship firm has been expanding its new energy business, which includes solar manufacturing and wind turbine businesses
Adani Enterprises Limited (AEL), the flagship firm of the conglomerate helmed by Gautam Adani, on Thursday said it has raised Rs 4,200 crore in share sale to large investors via a qualified institutional placement (QIP) issue to fund its future growth plans. The firm allocated 1.41 crore equity shares to qualified institutional buyers at an issue price of Rs 2,962 per equity share, it said in a statement. "The transaction was launched post-market hours on October 9, 2024 with a deal size of approximately Rs 4,200 crore (USD 500 million) and closed on October 15, 2024," it said. The QIP saw overwhelming demand, receiving bids of approximately 4.2x of the deal size from a diverse group of investors, including global long-only investors, major Indian mutual funds and insurance companies. A QIP is, at its core, a way for listed companies to raise capital without having to submit legal paperwork to market regulators. Adani Enterprises had in January last year planned to raise Rs 20,000