Page 20 - Adani Enterprises

Adani Enterprises FPO: Issue fully subscribed on the last day with NII push

Adani FPO: The interest from retail individual investors has been low, with only 11 per cent quota subscribed

Adani FPO fully subscribed after non-retail investors bid in big volumes

The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore. Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data. There was, however, muted response from retail investors and company employees. Retail investors, for whom roughly half of the issue was reserved, bid for just 11 per cent of the 2.29 crore shares earmarked for them. Employees sought 52 per cent of the 1.6 lakh shares reserved for them.

How the 'Madoffs of Manhattan' can unravel billionaire Adani's empire

According to Hindenburg, Adani insiders already own more than 75% of four publicly traded subsidiaries with the aid of offshore shell entities

Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil

Adani is seeking to execute the landmark share sale just as it refutes allegations by Hindenburg that the Indian conglomerate used a web of companies in tax havens to inflate revenue and stock prices

'No worry': Punjab National Bank allays concerns about Adani group exposure

Bank reports 44.2% decline in Q3 net profit as NPA provisions, costs rise

Counting losses: Adani group stock rout hits Rs 5.6 trillion in 3 days

Shares of Adani Green Energy and Adani Total Gas hit the 20 per cent lower circuit for a second day, closing at Rs 1,189 and Rs 2,342, respectively

Rating firms seek exposure details from lenders on Adani companies

Rating agencies seek exposure details from lenders; their exposure amounts to 38% of the group's total debt

LIC has not received board mandate to invest beyond Rs 300 cr in Adani FPO

Will engage with Adani management for clarifications Hindenburg charges

Adani group's market rout hits $72 bn as fight with Hindenburg escalates

The three-day selloff has now erased nearly $72 billion of market value amid a share sale by Adani's flagship that was meant to underline the tycoon's ascension on the global stage

Adani Group CFO says stocks rout similar to colonial-era massacre

'This is not merely an unwarranted attack on any specific company but a calculated attack on India'

Abu Dhabi-based firm IHC to invest $400 mn in Adani Enterprises FPO

IHC subscribed to 16 per cent of Adani Enterprises worth USD 2.5 billion FPO

Maybank says no impact from subscription to Adani's share offering

Subscriptions to Adani Enterprises' offering were client subscriptions and fully funded by client funds, the bank told Reuters in an emailed statement

Adani risk casts doubt on Wall Street's star emerging-market bet

The Adani Group dismissed the report as "maliciously mischievous" and said it's exploring legal action

LIC continues to bet big on Adani FPO, net gainer despite share price rout

Life Insurance Corporation (LIC) is ploughing more money into Adani group's flagship firm as it continues to be a net gainer despite the plunge in stock prices following a short seller's fraud allegations, filings and stock market data showed. LIC, India's largest life insurer, invested about Rs 300 crore in buying 9,15,748 more shares as an anchor investor in a Rs 20,000-crore new share sale by Adani Enterprises Ltd, according to a stock exchange filing of AEL. The shares that LIC picked totalled 5 per cent of the stocks reserved for anchor investors. In all 33 institutional investors put in Rs 5,985 crore as anchor investors in AEL. LIC already had 4.23 per cent stake in AEL, just like it has holding in other six listed companies of Adani Group. According to stock exchange information, LIC made a total investment of Rs 28,400 crore in Adani shares over the last few years. The value of these shares was Rs 72,200 crore before the report of the US short seller triggered a stock pric

Adani confident of FPO sailing through; Sebi, other bodies probing sell-off

Richest Asian Gautam Adani's group on Sunday expressed confidence that the Rs 20,000 crore follow-on share sale of its flagship firm will sail through despite a massive hammering of the conglomerate's stocks following a scathing report by a US-based short seller. Group CFO Jugeshinder Singh said no change in offering price or schedule is being considered due to temporary volatility in the market as the follow-on public offer (FPO) of Adani Enterprises Ltd is the best vehicle for strategic institutional investors to own a pie of the conglomerate's fast expanding airports, mining, roads, new energy and data centre businesses. All seven Adani group companies' stocks fell sharply over the last two trading sessions, wiping out Rs 10.7 lakh crore of investor wealth after Hindenburg Research alleged that the ports-to-energy-to-cement conglomerate had engaged in "brazen stock manipulation and accounting fraud" for decades. The sell-off is being looked into by market regulator SEBI and stock

Answer on LIC, SBI's exposure to Adani stocks: K T Rama Rao to NDA Centre

The ruling BRS in Telangana on Saturday said the NDA government at the Centre needs to answer serious questions on LIC and SBI's large exposure to Adani Group stocks. Who "pushed" LIC and SBI to such a large exposure, the BRS claimed. "There are serious questions that need to be answered by the NDA Govt on #HindenburgReport. Why do LIC & SBI have such large exposure ?77,000 Cr & ?80,000 Crore to Adani group stocks? Who pushed them to do so? Who was aiding & abetting them in this entire episode?," tweeted State Municipal Administration Minister K T Rama Rao, son of Chief Minister K Chandrasekhar Rao. BRS MLC K Kavitha, daughter of Chandrasekhar Rao, in a statement, said the Centre should answer all the questions in the wake of the "fall and fluctuations in the LIC and SBI and market on the whole." The recent fall and fluctuations in the LIC, SBI and market on the whole, after the recent report on Adani Group is extremely worrisome. Every Indian deserves an explanation and .

No change in schedule, issue price of FPO, confident of success: Adani Ent

All our stakeholders including bankers and investors have full faith in the FPO, Adani Enterprise said in a statement

Bankers consider delay, price cut in Adani's $2.5 bn FPO after market rout

Seven listed companies of the conglomerate controlled by Gautam Adani have lost a combined $48 billion in market valuation since Hindenburg report came out

Hindenburg report on Adani group: Index provider MSCI invites feedback

Adverse feedback could lead to reduction in weightage of Adani stocks in MSCI indices

Exposure to Adani group well below limit, says State Bank of India

Lender says all exposures secured by cash generating assets, and debt service will not be a challenge