Page 22 - Adani Group

Fundraising via QIP hits Rs 1 trillion for the first time ever in history

Meanwhile, Adani Energy Solutions has raised Rs 8,373 crore via QIP in August, making it the largest fundraise in the Indian power sector.

Adani wipeout will hurt sentiment, not long-term outlook: Global investors

Investors expect a stronger spotlight on governance and disclosure, and perhaps some volatility, but say the affair has not challenged the reasons they are in India in the first place

Stocks to Watch, Nov 29: SBI, PC Jeweller, Nazara Tech, Adani Group shares

Stocks to Watch, Nov 29: Here are few stocks that will remain in focus for today's session

My name not mentioned anywhere, says Jagan Reddy on Adani bribe controversy

YSRCP top leader and former Chief Minister YS Jagan Mohan Reddy on Thursday strongly refuted allegations of payment of bribes to Andhra Pradesh officials by the Adani Group for solar power purchases during his party-led government, and said his name was not mentioned anywhere in a US court's indictment on the matter. In his first reaction days after the controversy broke out, Reddy also said he had met the Adanis several times during his tenure as the CM of Andhra Pradesh which was "not unusual". "Nowhere it mentions that incentives were offered to me because there is no way anybody can offer incentives to me, first of all. And businessmen meeting heads of states is not unusual. This in fact is an ordinary practice," he told reporters. He further said the allegations of bribes are all hearsay and nobody has said that Jagan or somebody has taken bribes. Adani Group chairman Gautam Adani has been charged by the US Department of Justice over his role in a years-long scheme to pay USD

SBI, other banks reviewing Adani group exposure after US bribery charges

While SBI will exercise caution while disbursing future loans to ensure compliance, the review does not mean a change in the lenders' credit approach to the ports-to-energy conglomerate

Kerala, Adani Ports sign agreement for development of Vizhinjam Seaport

As per the agreement signed on Thursday, the project, envisioned as a transformative step in Kerala's maritime infrastructure, will see its second and third phases nearing completion by 2028

Indian banks reviewing exposure to Adani Group after US indictment

SBI has the largest exposure to the Adani Group among Indian banks, with sanctioned loans of Rs 33,800 crore ($4 billion)

Stock Market Crash Highlights: Sensex tanks 1190pts, Nifty slid to 23900 on F&O expiry, global woes

Stock Market Highlights: The day ended in favor of the bears, as 46 out of the 50 constituent stocks of the Nifty50 closed in the red

From airports to cooking oil, a look at the diverse businesses of Adani

The renewable energy arm of the ports-to-power conglomerate is Adani Green Energy, which is at the center of the US indictment. It focuses on solar, wind and hybrid power generation and has a presence

Adani wipeout hurts but won't derail foreign investor faith in India

US allegations, denied by the company, are that Gautam Adani's colossal ports-to-energy conglomerate paid bribes to secure power sales and made misleading disclosures

Outlook on Adani investments unchanged amid indictment: Abu Dhabi's IHC

The IHC statement comes soon after Adani group emphasised that its chairman and his aides have not been charged under the US Foreign Corrupt Practices Act

Adani Group shares rally for 2nd day; Adani Green, Total Gas zoom up to 19%

At 11:09 am; Adani Total Gas was trading 14% higher, while Adani Green and Adani Energy Solutions were locked in the 10% upper circuit, as compared to nearly 1% decline in the BSE Sensex.

Gautam Adani, Sagar not charged with violation of FCPA of US: Adani Green

Group shares gain Rs 1.22 trn on Wednesday

Sharp decline in Adani group mcap, valuation in the last two years

The decline started months before Hindenburg report in Jan 2023

US probe disclosure not mandated: Adani group companies tell bourses

Group said to have made submission stating it didn't disclose US probe as matter was sub judice, no charges were affirmed

Stock Market Close Highlights: Sensex adds 230pts, Nifty atop 24,250; NTPC Green, Adani shares shine

Stock Market Highlights: NTPC Green Energy, which made its debut today, ended higher by 8.74 per cent at Rs 121.25 on the NSE, from its IPO allotment price of Rs 108

India stocks to see slow recovery as Adani indictments weigh, say analysts

Turbocharged by a new crop of optimistic young investors with access to financial markets, India's benchmark BSE index and the Nifty 50 have both posted yearly gains

Adani group shares surged up to 6% today; here's what triggered the rally

Adani Green Energy clarified today that allegations against Gautam Adani, Sagar Adani, and senior executive Vneet Jaain under the US FCPA by the US Department of Justice are "incorrect."

No clarity on who was bribed: Former AG Mukul Rohatgi on Adani-US SEC row

Former Attorney General Mukul Rohatgi said that while the charges refer to allegations of Adanis bribing Indian entities, they do not specify the method of bribery or the persons involved

Gautam Adani faces no bribery charges, Adani Group counters US DoJ claims

Adani Green has denied media reports claiming Adani executives were charged with bribery and corruption, clarifying that the charges relate to wire and securities fraud