Page 5 - Adani Enterprises

IHC Capital's arm sells Adani Enterprises shares for Rs 1,832 crore

Abu Dhabi-based IHC Capital Holding on Wednesday sold more than 84 lakh shares of Adani Enterprises for Rs 1,832 crore through open market transactions. Diversified group IHC Capital Holding through its subsidiaries -- Green Vitality RSC and Green Energy Investment Holding RSC -- offloaded 84.48 lakh shares or 0.73 per cent stake in Adani Enterprises, as per the block deal data on the BSE. The shares were disposed of at an average price of Rs 2,168.1 apiece, taking the combined transaction value to Rs 1,831.82 crore. Meanwhile, Envestcom Holding RSC Ltd sold the same amount of shares in two tranches at the same price. On Wednesday, shares of Adani Enterprises rose 4.57 per cent to close at Rs 2,244.85 apiece on the BSE. Meanwhile, shares of 10 other Adani group stocks also closed higher, with Adani Green Energy surging more than 10 per cent in tandem with a rally in the equity market. On Tuesday, FMCG firm Adani Wilmar announced the acquisition of GD Foods Manufacturing, which se

Adani Power share jumps 10% on heavy volume; other Group stocks rise too

Adani Power share price: Adani Power share surged in trade on news of Vidharbha Industries acquisition

Adani Group releases tax transparency reports to rebuild investors' trust

The reports, published independently by seven of the group's listed entities, detail direct and indirect tax contributions across global

Adani Portfolio posts double-digit growth, record Ebitda till Dec 2024

Adani Portfolio, India's largest infrastructure group with businesses in cement and mining, has continued its strong double-digit growth despite external challenges. For the twelve-month period ending December 2024, EBITDA reached Rs 86,789 crore, marking a 10.1 per cent year-on-year growth. Adjusted for prior income, the growth stands at 21.3 per cent. In the December quarter alone, EBITDA rose 17.2 per cent to Rs 22,823 crore, a company statement said. A key to this growth is the emerging businesses under Adani Enterprises, including solar and wind manufacturing and airports. These businesses, part of AEL's infrastructure division, grew 45 per cent Y-o-Y in the December quarter and 33.3 per cent in the trailing twelve-month period. Since FY19, the Adani Portfolio has shown strong growth, with EBITDA expanding at a CAGR of 25 per cent, despite challenges such as the Hindenburg report and the ongoing US indictment. Around 85 per cent of the group's profits come from its infrastruc

Adani stocks crack up to 5% as US SEC seeks India's help in bribery case

Adani bribery case, Adani share price: US federal prosecutors have accused Gautam Adani of bribing Indian government officials to buy electricity from Adani Green Energy

Income Tax bill tabled, Modi-Trump meet, Adani Green's projects in Sri Lanka & more

Union Finance Minister Nirmala Sitharaman introduced the Income Tax Bill 2025 in Lok Sabha today. PM Modi arrived in Washington DC, today for a bilateral meeting with US President Donald Trump.

Adani Enterprises Q3FY25 results: Net profit plunges 96.9% to Rs 58 crore

Profit before interest, depreciation, and tax (PBIDT) for the company was flat at Rs 3,723 crore on a year-on-year (Y-o-Y) basis

Adani Enterprises Q3 result: Profit drops sharply by 97% to Rs 58 crore

Adani Enterprises Q3FY25 result: Profit stood at Rs 1,888 crore during the same period last year

Adani Enterprises, Zomato, SpiceJet: 15 stks dip 27% below their QIP price

These 15 companies accounted for 70 per cent of total fund mobilisation of Rs 93,453 crore via QIP route in the past six months, according to PRIME Database.

Sri Lanka revokes Adani wind power deal; Group denies cancellation claims

Sri Lankan President Anura Kumara Dissanayake began investigations into Adani's local projects after founder Gautam Adani faced bribery allegations from the United States last year

Meta to be summoned, hoax bomb threats, Adani shares, Israel-Hamas ceasefire & more

A Parliamentary committee is planning to summon META CEO Mark Zuckerberg over his “factually incorrect” statement describing the 2024 Lok Sabha election.

Adani Group shares in focus; Power, Green, Energy Solutions gain up to 12%

Shares of Adani Power, Adani Green Energy, Adani Energy Solutions, Adani Total Gas and Adani Enterprises have rallied between 5 per cent and 12 per cent, so far today

Adani Wilmar stks fall below OFS floor price; at lowest level since Feb'22

The company's stock hit an over two-year low of Rs 267.45, tanking 17% in two days and falling below its floor price of Rs 275 fixed for the offer for sale

Adani Commodities to offload 20% stake in Adani Wilmar through OFS

The floor price for the OFS is set at Rs 275, offering a 15% discount to the current market price

Stocks to Watch, Jan 7, 2025: Coal India, Mobikwik, Nuvoco Vistas, Airtel

Stocks to Watch, Jan 7, 2025: From Mobikwik to Nuvoco Vistas, here are few stock that will remain in focus today

Youngest world chess champion Gukesh Dommaraju meets Gautam Adani

Billionaire Gautam Adani called teenager Gukesh Dommaraju -- who became the youngest world chess champion by beating defending champion Ding Liren of China -- a testament of India's unstoppable youth. The chess champion, along with his parents, met Adani in Ahmedabad. "It was an absolute privilege to meet and hear the victory story of reigning World Chess Champion @DGukesh," Adani, chairman of ports-to-energy Adani Group, said in a post on X. Posting pictures with the teenager and his parents, Adani said, "Equally inspiring was meeting his incredible parents, Dr Rajinikanth and Dr Padmavathi, whose quiet sacrifices laid the foundation for his success." "At just 18, Gukesh's poise and brilliance are a testament to India's unstoppable youth. Prodigies like him are inspiring a new generation, building an army of champions ready to dominate global chess for decades. This is the confident, resurgent and rising India. Jai Hind!" he said. Gukesh became the 18th world champion after defea

Stalin govt scraps smart meter tender amid allegations of favour to Adani

The decision of scrapping the tender has been taken by the Tamil Nadu Generation and Distribution Corporation

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%

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

Stocks to Watch, Dec 31, 2024: RIL, Lupin, ITC, Adani Enterprises, SpiceJet

Stocks to Watch on Dec 31, 2024: From ITC to Adani Enterprises, here are few stocks that will remain in focus today

Adani Enterprises to sell entire 44% stake worth $2.2 billion in Wilmar

The stake sale, which will occur in two tranches, is estimated to fetch the Adani group approximately $2.2 billion (Rs 18,824 crore) upon completion