Page 64 - Adani Group

Adani raises Rs 1,250 cr through first bond sale since Hindenburg report

Adani Enterprises had last raised funds via a primary placement of bonds in September last year at an 8.40 per cent yield for 17 months

Adani aims to close planned $4 bn fundraising by end-December: Report

The Adani Group is aiming to close the fundraising before end 2023, said the source, who declined to be named as the discussions are private

SC adjourns Adani-Hindenburg case to Aug 14, the Sebi probe deadline

Senior Advocate Prashant Bhushan, who represents one of the petitioners in the case, says no chance of Sebi proceeding anywhere with probe as "They have done things fatal to the investigation"

Sebi's new disclosure rules on single group exposure may hit about 100 FPIs

The total holdings of these 100 FPIs was Rs 1.2 trillion by at March 2023-end quarter; of these, 51 FPIs had all their investments in a single corporate group

Adani Green Energy weighs raising $1.5 bn to fund expansion, say reports

Adani Green Energy Ltd.'s board will discuss plans to raise funds from institutional investors on Thursday

Adani group promoters looking to trim more stake to build cash reserves

The Adani family owns over 60 per cent stake in the group's listed companies, except Adani Green Energy and ACC Ltd

Adani Wilmar reports 25% YoY volume growth in Q1FY24 due to strong demand

Adani Wilmar on Wednesday reported a 25 per cent year-on-year volume growth during the quarter ending June 30, mainly on account of robust consumer demand in edible oils and foods. The sale of branded products in edible oils and foods has been much stronger compared to overall sales of respective segments, the company said in a regulatory filing. However, the sales in value terms declined 15 per cent YoY following a sharp decline in the edible oil prices, the company added. The edible oil business grew by 25 per cent YoY in volume terms during the quarter on the back of continued strong consumer demand as well as the weak base of the corresponding quarter in FY23. Adani Wilmar further said that the food and FMCG segment recorded a revenue growth of 30 per cent during the first quarter of this fiscal compared to last year, crossing Rs 1,000 crore. This was the eighth consecutive quarter with 20 per cent year-on-year volume growth in the food segment and 30 per cent in the FMCG segm

GQG Partners ups stake in two Adani cos to above 5%, shows confidence

US-based boutique investment firm GQG Partners has ramped up its shareholding in two Adani group companies to more than 5 per cent in signs of its confidence in the group despite the damning report of a US short seller. On June 28, GQG bought USD 1 billion (Rs 8,265 crore) worth of additional stakes in the group's flagship Adani Enterprises Ltd and renewable energy firm Adani Green Energy Ltd. The stake sale in Adani Enterprise was through one block deal, where GQG bought 1.79 crore, or 1.58 per cent, more shares to take its holding to 6.15 crore shares or 5.4 per cent of the total, according to stock exchange filings. A separate filing showed that billionaire Gautam Adani and his brother Rajesh S Adani had sold the shares of the promoter family. This has reduced the Adani family's stake in Adani Enterprises to 67.65 per cent from 69.23 per cent previously. In Adani Green Energy, GQQ bought 4.47 crore or 2.82 per cent additional shares to take its holding to 10.35 crore shares or 6

Passenger footfall touches 500,000 at Guwahati Airport in June, jumps 15%

The Lokpriya Gopinath Bordoloi International (LGBI) Airport has witnessed a 15 per cent rise in passenger footfall in June this year to almost five lakh travellers, an official said on Sunday. A spokesperson of the Adani Group-controlled facility said the LGBI Airport in Guwahati recorded a footfall of nearly five lakh passengers in June 2023, witnessing a sharp increase from the corresponding month of the last year. "Out of the total, nearly 2.95 lakh were departure passengers and the remaining were arrival travellers. It represented a total increase of 15 per cent compared to last year's June," she added. The airport witnessed nearly 4,000 movements of flights in June 2023, which was higher than the June 2022 figure, the official said. The largest airport of the Northeast had handled a record footfall of nearly five lakh passengers in May this year too, indicating that air travel is resurging strongly after the pandemic period. "The LGBI Airport acts as a gateway to Northeast In

Adani Ent jumps over 5% as most groups cos settle in positive territory

Majority of the Adani Group stocks ended in the positive territory on Wednesday, with Adani Enterprises climbing over 5 per cent, after US-based boutique investment firm GQG Partners and other investors bought close to USD 1 billion of additional stakes in group companies as billionaire Gautam Adani continues to rebuild market confidence since the hit by a damning report of a US short seller. Shares of flagship firm Adani Enterprises jumped 5.34 per cent on the BSE. The stock of Adani Transmission rallied 5.93 per cent, Adani Ports climbed 5.12 per cent, Adani Total Gas (2.26 per cent), Adani Wilmar (1.83 per cent), ACC (1.31 per cent), Adani Power (0.59 per cent) and Ambuja Cements (0.07 per cent). However, Adani Green Energy shares declined 0.16 per cent and that of NDTV fell by 0.32 per cent. The investors bought 18 million shares, or 1.6 per cent, from the Adani family in group's flagship Adani Enterprises Ltd in a single block trade. In renewable energy firm Adani Green Energy

Focused on margin expansion to become profitable cement manufacturer: ACC

Adani group firm ACC Ltd is making remarkable strides in its ambitious endeavour to double capacities and is also focused on margin expansion to become the most profitable cement manufacturer in the country, according to its latest annual report. ACC Chairman Karan Adani said Adani group is adopting a three-pronged approach to the growth of its cement business, which also invests in branding and marketing strategy to take advantage of the existing legacy of the ACC brand and focus on strengthening the distributor and dealer network. "The first is to double our plant capacity with an emphasis on green cement. Our significant presence in the green energy business and utilisation of our fly ash, where possible, from our power generation business, aligns well with this approach. The second is to drive much greater operational efficiency to grow margins," Adani said in its message to shareholders in the annual report 2022-23. Besides ACC, which was acquired by billionaire Gautam Adani in

Adani Enterprises, Green see $900 mn of block trades, sparks speculation

The flagship of Indian billionaire Gautam Adani saw 18 million shares traded in a single block Wednesday, or about 1.6% of its outstanding stock, according to data compiled by Bloomberg

Promoter entities raise $1 bn by selling shares in Adani Green Energy, AEL

The proceeds will be used by the promoters to pre-pay debt, banking sources said

Top headlines: Adani cos under Sebi lens, TCS on foreign remittances

Business Standard brings you the top headlines at this hour

Dealings in shares of at least three Adani companies under Sebi lens

Regulator probes possible breach of laws related to insider trading

NDTV's shareholders approve appointments of new directors on board

Shareholders of the Adani-group-controlled NDTV have approved the proposals to appoint new directors to the board after Adani Group acquired the media firm. All special resolutions regarding the appointment of - Sanjay Pugalia and Senthil Sinniah Chengalvarayan - as directors, and U K Sinha and Dipali B Goenka as independent directors have got shareholders' nod through the e-voting process. Besides, another special resolution for approval of remuneration payable to Non-Executive Directors, including Independent Directors of the Company, was also approved, said the details of the voting results and scrutiniser's report on the postal ballot shared by NDTV to bourses. The e-voting period commenced on May 27, 2023, and ended on June 25, 2023. Meanwhile, NDTV's board has also approved the appointment of former bureaucrat Dinesh Kumar Mittal as an Additional Director in the capacity of Non-Executive Independent Director of the Company, subject to the approval of the Ministry of Informat

Adani Total Gas to expand pan-India presence, build 1,800 CNG stations

ATGL will also diversify its offerings to compressed natural gas, compressed biogas, and electric vehicle charging along with scaling its gas distribution business

Hindenburg report 'targeted misformation', false allegations: Gautam Adani

'Vested interests tried to opportunistically exploit' short-seller's claims, says billionaire

Billionaire Gautam Adani reiterates confidence in governance standards

The Adani Group chairman, commenting in the annual report of flagship firm Adani Enterprises Ltd. released on Tuesday, pointed to a submission last month by India's Supreme Court

No subpoena received from the US authorities, clarifies Adani Group

In a late evening statement, the group said it is routine that various regulators seek access to public material in an easy and referenceable manner