Page 8 - Adani Enterprises

Stocks To Watch: Wipro, HAL, Dmart, Ola Electric, GIC Re, Oberoi Realty

Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.

Adani Enterprises declines 3% after launching Rs 16,000-crore QIP issue

The company's board had approved a total fundraising of Rs 16,600 crore by the way of QIP or other modes in one or more tranches, on May 23, 2024.

Adani Enterprises announces QIP at Rs 3,111 per share floor price

The company added that it may, at its discretion, offer a discount of not more than 5 per cent on the floor price

Stocks To Watch: SBI, Mankind, Adani Enterprises, Dr. Reddy's, Zydus Life

Stocks to watch: SBI plans to open 600 new branches this fiscal year to expand its reach in emerging residential areas, said its chairman and managing director CS Setty.

Stocks To Watch: SBI, Vedanta, HDFC Bank, Piramal Pharma, Bank of India

Stocks to watch: Piramal Pharma aims to double its revenue to $2 billion by FY30, while tripling its Ebitda, said company Chairperson Nandini Piramal.

Majority of Adani group stocks settle lower, Adani Power down nearly 3%

As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Adani floats subsidiary in China for providing project management services

Adani Group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing. Adani Enterprises, the group's flagship firm, in the filing said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China on September 2, 2024. "AERCL is incorporated to carry out business of providing supply chain solutions and project management services," it said without providing details. The subsidiary was incorporated by Adani Global Pte (AGPTE), Singapore - a step-down subsidiary of Adani Enterprises Ltd (AEL). AEL houses the conglomerate's mining, roads, airports, data center and water infrastructure businesses. "AERCL has been incorporated and registered under the laws of Company Law of the People's Republic of China on September 2, 2024," the filing said. AERCL is yet to commence its business operations. T

Adani Enterprises kicks off its maiden bond sale aimed at individuals

The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore ($95.3 million) through the issuance

Adani Enterprises sets up subsidiary to develop airport in Kenya's Nairobi

AIP is incorporated to take over, operate, maintain, develop, design, construct, upgrade, modernise and manage airports, the statement said

Adani Enterprises' first Indian retail bond fully subscribed at launch

Such retail bond sales are rare and Adani is the first non-financial company to issue them since 2016.

Adani Energy acquires Khavda project entailing Rs 4,091 cr investment

Adani Energy Solutions on Monday said it has acquired a 298-km special purpose vehicle (SPV) of the Khavda Phase IV Part-A transmission project entailing an investment of Rs 4,091 crore. Khavda IVA Power Transmission Ltd, an SPV, was set up by REC Power Development and Consultancy Ltd (RECPDCL) to evacuate 7 GW of renewable energy from Khavda RE park, the company said in a statement. Adani Energy Solutions (AESL) will commission the project in Gujarat in the next 24 months on BOOT (build, own, operate and transfer) basis, it said. The company will invest Rs 4,091 crore to build the 298 km (596 ckm) transmission project, as per the statement. The project also includes setting up 300 MVAr STATCOM and 3x1500 MVA, 765/400 kV Inter-connecting Transformer (ICTs) with 1x330 MVAr, 765 kV and 1x125 MVAr, 420 kV bus reactors, it said. AESL won the project through the tariff-based competitive bidding process and will commission the project in the next 24 months on BOOT (build, own operate, a

Adani Enterprises to launch maiden public NCD issue worth Rs 800 crore

Adani Enterprises' first public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) will be available for subscription from September 4-17

Adani Enterprises' debut public bond sale may see strong demand: Bankers

The issue, which would be India's second-biggest for the current financial year, will open for subscription on Sept 4 with closing scheduled for Sept 17, according to an exchange filing

Adani Enterprises to issue 1st-ever public bond next wk to raise Rs 800 cr

The company will sell bonds of multiple maturities including two years, three years and five years. However, it did not disclose what the funds would be used for

Adani group's Ebitda may go past Rs 1 trn in FY25 on infra, power biz

Cement, power, and green energy expected to contribute 86% to growth

Gautam Adani planning to revamp family offices, hire auditors and CEO

The moves aim to bring transparency in how the wealth of Asia's second-richest person, valued at $105.4 billion

Hindenburg Research report 'won't impact' Adani Enterprises' $2 billion QIP

AEL will be using the funds for its new projects as it plans to invest up to Rs 1.3 trillion in FY25 to expand its capacity across its portfolio companies

Sebi's Buch in Hindenburg's firing line: How will markets react on Monday?

Analysts believe that these statements are mere allegations, which, at best, can trigger a knee-jerk reaction in the markets when they open for trade on Monday

Adani Enterprises plans to raise $1 bn via QIP for green hydrogen expansion

Shah had noted the company plans an Rs 80,000 crore capex in FY25, out of which a major part will be towards the new energy ecosystem and the airports business, which will take up about Rs 50,000 cr

Adani planning to raise $1.2 bn for flagship firm via share sale: Report

Adani Group is seeking institutional investors including from the US as part of its efforts to expand its shareholder base and draw more research analysts to cover the firm