Page 14 - Adani Enterprises

Adani Group's Abu Dhabi backer says no plan to join any new share sale

Three companies controlled by Adani are considering a fundraising that may draw as much as $5 billion

Three Adani firms consider raising up to $5 bn after $2.5 bn share sale

The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise

Adani looks to raise $ 2-2.5 bn in first share sale since Hindenburg

Billionaire Gautam Adani's conglomerate is looking to raise USD 2-2.5 billion through an equity share sale in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short seller. Boards of two group companies will meet on May 13 to consider fundraising, according to stock exchange filings. "A meeting of the board of directors of Adani Enterprises Ltd will be held on Saturday, May 13, 2023, at Ahmedabad, inter alia, to consider and approve the proposal of the raising of funds by way of issuance equity shares or any other eligible securities through permissible modes, including but not limited to a private placement, a qualified institutions placement, preferential issue, or any other method or combination of methods," the firm said in the filing. Adani Green Energy Ltd - the group's renewable energy company - too sent out a similarly worded filing. Neither of the two companies disclosed how much money they intend to .

Sensex, Nifty end flat; Dr Reddy's Labs drops 7%, L&T 5%, Adani Ent up 5%

CLOSING BELL: In the broader markets, the BSE SmallCap index outperformed the frontline indices with 0.68 per cent rise

Top Headlines: Adani to consider stock sale, shell firms under tax scanner

Business Standard brings you top news at this hour

Adani Enterprises to consider stock sale months after short-seller turmoil

Adani Enterprises Ltd., the Indian tycoon's flagship, said in a statement on Wednesday it's holding a May 13 board meeting to consider selling stock

Adani Enterprises to hold board meeting to approve proposal to raise funds

Adani Enterprises Ltd said on Wednesday that the company's board will hold a meeting on May 13 to approve a proposal to raise funds

Sensex plunges 695 pts, Nifty below 18,100 as HDFC twins sink up to 6%

CLOSING BELL: HDFC and HDFC Bank accounted for a loss of 645 points on the BSE benchmark. Broader indices ended with relatively lesser losses of around 0.5 per cent each.

Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.

Adani Enterprises revenue up 26% at Rs 31,716 cr in Q4, PAT rises 137%

Group flagship company is focused on 'governance, compliance, performance': Gautam Adani

Adani Enterprises Q4 results: Net profit rises 137.5% to Rs 722 crore

Adani Enterprises Q4 results: The revenue from operations of the flagship firm of the Adani Group was up 26.06 per cent to Rs 31,346.05 crore in the quarter

Auditor who was named in Hindenburg report resigns from Adani's company

A small Ahmedabad-based chartered accountancy firm, whose appointment was questioned by a US short seller in its scathing report against the conglomerate run by billionaire Gautam Adani, has resigned due to "pre-occupation", Adani Total Gas Ltd said. Hindenburg Research in its January 24 report that levelled allegations of fraud, stock manipulation and money laundering against the Adani group, had also raised the issue of the size and capability of the firms auditing the conglomerate. Adani group has repeatedly denied all allegations. Hindenburg stated that the independent auditor for the group's flagship firm, Adani Enterprises, and its city gas retailer Adani Total Gas Ltd is a "tiny firm" called Shah Dhandharia. "Shah Dhandharia seems to have no current website. Historical archives of its website show that it had only 4 partners and 11 employees. Records show it pays Rs 32,000 (USD 435 in 2021) in monthly office rent. The only other listed entity we found that it audits has a ..

Adani Group shares weak; Adani Wilmar sheds 5% as Q4FY23 PAT sinks 56% YoY

Shares of Adani Enterprises, Adani Power, Adani Green Energy, Adani Total Gas, Ambuja Cements and Adani Ports and Special Economic Zone were trading 3-7 per cent lower intra-day

Adani stocks in focus amid Q4 results; Adani Green soars 5%, NDTV tanks 5%

Adani Total Gas and Ambuja Cements are scheduled to announce their Q4FY23 results today. Adani Wilmar will announce its Q4FY23 numbers on May 3; Adani Enterprises on May 4; and Adani Power on May 5

Sebi seeks 6-month extension to complete Hindenburg's Adani probe: Report

New York-based Hindenburg in January accused Adani Group of using a web of companies in tax havens to inflate revenue and stock prices, even as debt piled up

HDFC-HDFC Bank merger may pave way for Adani Enterprises' Sensex inclusion

LTIMindtree may get added to Nifty; merged HDFC Bank may see $4.9 bn inflows from passive tracker

Expect stable cash flows and earnings in FY24, Adani tells banks

Gross debt at Rs 2.27 trillion in FY23 after repayment

Adani Power inks an agreement with MPSEZ Utilities for power supply

The power supply agreement is for 15 years, the company said

Congress raises questions over Maharashtra govt's Dharavi project rebidding

The Congress on Tuesday alleged that the Maharashtra government's Dharavi project rebidding "deliberately excluded" the previous winner, and asked if the tender conditions were changed to help Prime Minister Narendra Modi's "favourite business group" Adani. The opposition led by the Congress has been seeking a Joint Parliamentary Committee probe after the Hindenburg Research made a litany of allegations against the Adani Group, including fraudulent transactions and share-price manipulation. The Gautam Adani-led group has dismissed the charges as lies, and said they comply with all laws and disclosure requirements. In a statement, Congress general secretary Jairam Ramesh said that as part of the party's 'Hum Adani ke Hain Kaun (HAHK)' series in February it had asked Modi to explain the change in bid conditions that excluded the previous winner of a tender to redevelop Mumbai's Dharavi area and "allowed the Adani Group to win a fresh tender with a much lower bid". Citing news reports

Adani's Rs 20,000-cr FPO subscriber info not available: Sebi to RTI query

"The respondent, in response to the aforesaid queries, informed that the information sought is not available with Sebi," noted the Appellate Authority under the RTI Act