On March 2, GQG Partners had bought 55.6 million equity shares of AGEL, worth Rs 2,806 crore, at a price of Rs 504.60 per share
On March 2, 2023, GQG Partners, a leading US based Global Equity investment boutique, purchased 55.6 million equity shares of AGEL for Rs 2,806 crore at price of Rs 504.60 per share.
Hindenburg fallout: Adani Group suspends work on Rs 34,900 cr petchem project
Leading bourses NSE and BSE on Friday said two Adani group stocks -- Adani Green Energy and NDTV -- will be moved to the first stage of the long-term additional surveillance measures (ASM) framework from Monday. These securities will continue in the framework but will be moved from long-term ASM framework Stage II to Stage I from March 20, according to separate circulars. The move also comes close on the heels of the two exchanges excluding Adani Enterprises, Adani Power and Adani Wilmar under the short-term ASM on Thursday. Last week, both NSE and BSE announced that they had moved stocks of Adani Green Energy and NDTV to long-term ASM framework Stage II from Stage I. The parameters for shortlisting securities under the ASM framework include high-low variation, client concentration, number of price band hits, close-to-close price variation and price earning ratio. NSE and BSE said these companies have satisfied the criteria for inclusion under long-term additional surveillance ...
This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report
Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total
But shares of two more group firms reported to be pledged
Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares
Stocks to Watch: As per a report, Clear Wealth Consultancy Svcs LLP will likely sell 8.25 per cent stake via block deal in Gokaldas Exports today
Flags interest rate risks, uncertainty on cash flow mismatches
Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission
So far in the last two months, the Adani Group now have prepaid share-backed financing up to $2,016 mn as part of the promoters' commitment to cut overall leverage.
The firm had aimed at 45 Gw of RE capacity by 2030, the year India is envisaging to have 500 Gw of non-fossil fuel capacity
The promoters plan to use the proceeds to retire debt and for other purposes.
Stocks to watch today: From Tata Power to NHPC, here are top stocks to watch in Friday's trading session
Adani Green Energy on Thursday said its 700-MW hybrid green energy project has become operational, which took its total operating renewable portfolio to 8,024 MW, the largest in India. The project is its fourth wind-solar hybrid power plant fully operational at Jaisalmer in Rajasthan, a company statement said. It stated that the 700-MW plant is the world's largest wind-solar hybrid power plant. "With the successful operationalisation of the 700-MW plant, the world's largest wind-solar hybrid power plant, AGEL now has the largest operating renewable portfolio in India with 8,024 MW," it said. The combined operational generation capacity of this newly added hybrid power plant is 700 MW and has a Power Purchase Agreement (PPA) at Rs 3.24/kwh for 25 years. This new hybrid power plant consists of a combination of 600 MW solar and 510 MW wind plants. The latest hybrid plant deploys advanced renewable technologies like bifacial solar PV modules and horizontal single-axis trackers (HSAT)
Adani Enterprises, the Group flagship company, saw around 38.96 million equity shares (3.4 per cent of total equity) worth of around Rs 5,487 crore change hands on the BSE this morning.
Adani Green Energy also plans to refinance its 2024 bonds via an $800 million, three-year credit line, said the people, who declined to be identified as they were not authorised to speak with media
Adani Green Energy also plans to refinance its 2024 bonds via a $800 million, three-year credit line, said the sources, who declined to be named
Adani Ports and Special Economic Zone (APSEZ) crossed 300 million metric tonne (MMT) of cargo handling on Thursday. The company crossed the cargo handling in just 329 days. APSEZ has registered growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly, the company said in a statement. "APSEZ's flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled," APSEZ CEO and Whole Time Director Karan Adani said. APSEZ, a part of Adani Group, has evolved from a port company to an integrated transport utility providing an end-to-end solution from its port gate to customer gate.