Page 66 - Adani Group

Adani to slow down on acquisitions to focus on existing projects: Report

While the group will continue to review acquisition opportunities, the Adani spokesperson said high debt costs will weigh

Adani stocks gain up to 5% after stock exchanges widen circuit filters

Of the four scrips which underwent price band change, only Adani Green closed 0.75% down at Rs 985.45

Adani Cement leaves industry body that represents large cement companies

The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country

Adani Cement leaves industry body that represents large cement companies

The Cement Manufacturers' Association (CMA) collects data related to production and sales numbers in the country

Adani Group revives Mundra PVC project, gets credit line worth Rs 14,000 cr

Most of the funds may come from state-run lenders and private lenders will lend at least Rs 4,500 crore

Adani stocks still reeling from losses inflicted by Hindenburg report

While two of Adani's 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away

Adani probe: Who really owns India's companies? It's time to find out

The regulator told the expert panel that it is investigating as many as 13 opaque entities that, as of March 2020, held between 14% and 20% across five publicly traded stocks od Adani Group

Listed Adani group firms' Ebitda jumps 36% to Rs 57,219 crore in FY23

The run-rate Ebitda, which consider annualisation of Ebitda from projects commissioned during the year, came in at Rs 66,566 crore

5 Adani Group stocks settle in positive; Ambuja Cements stock up 4.54%

Five of the ten listed Adani stocks ended in the positive territory on Tuesday after the group said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme. The stock of Ambuja Cements jumped 4.54 per cent, ACC rallied 2.47 per cent, Adani Power gained 1.37 per cent, Adani Ports advanced 0.89 per cent and Adani Green Energy climbed 0.51 per cent on the BSE. However, shares of Adani Transmission fell 1.55 per cent, NDTV went lower by 0.96 per cent, Adani Wilmar dropped 0.60 per cent, Adani Total Gas declined 0.45 per cent and Adani Enterprises dipped 0.01 per cent. In the equity market, the BSE benchmark ended flat in a volatile trade, marginally up by 5.41 points or 0.01 per cent at 62,792.88. Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monda

Top headlines: Byju's file suit against TLB acceleration, Adani repays loan

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Stocks to Watch today, June 6: Adani Group, SBI, Maruti, HUL, Sejal Glass

Top Stocks to Watch on June 6, 2023: Adani Group said it has made a full prepayment of $2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms

Adani Group repays loans worth $2.65 bn to complete prepayment programme

Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added. Further, the credit update states that the promoters completed the sale of shares in four listed group entities to GQG Partners, a leading global investment firm, for USD 1.87 billion (Rs 15,446 crore). "The deleveraging programme testifies to the strong liquidity management and capital access at sponsor level even in volatile market conditions, supplementing the solid capital prudence adopted at all portfolio

Adani group pulls out of M&As; plans to focus on debt prepayments

Bankers said the group's absence from the acquisition race has given an opportunity to foreign private equity players, which are keen to buy into Indian infrastructure projects

Adani terminates deal to acquire Macquarie's toll road portfolio in AP, Guj

Adani Road Transport, a wholly-owned subsidiary of Adani Enterprises Ltd (AEL), on Thursday said it has decided to terminate the pact to purchase Macquarie Asia Infrastructure Fund's toll road portfolio in Andhra Pradesh and Gujarat for Rs 3,110 crore. On August 4, 2022, Adani's wholly-owned subsidiary said that it has entered into a definitive agreement to acquire Gujarat Road and Infrastructure Company Ltd (GRICL) -- (owned 56.8 per cent by Macquarie Asia Infrastructure Fund) and Swarna Tollway Private Ltd (STPL) (owned 100 per cent by Macquarie Asia Infrastructure Fund). However, Adani Enterprises in a BSE filing on Thursday said: "Share Purchase Agreement dated 4th August 2022 ("Share Purchase Agreement") was executed amongst Adani Road Transport Limited (ARTL), a wholly-owned subsidiary of the Company (Purchaser), MAIF Investments India PTE Limited and MAIF Investments India 3 PTE Limited (collectively as "MAIF") (Sellers) in connection with the proposed acquisition of 100 per .

GQG adds more Nvidia, considers increasing exposure to Adani, says CIO

Jain said the asset manager is considering raising its exposure to Adani by participating in capital increases the group announced in May.

Adani Enterprises scraps deal to buy Rs 3K-crore Macquarie road projects

Adani group was also planning to buy stake of IL&FS in the GRICL

Cong asks Sebi to ensure FPI ownership disclosure, JPC in Adani group case

The Congress on Thursday demanded that SEBI should ensure complete disclosure of ownership of Foreign Portfolio Investors from retrospective effect and said that only a JPC can investigate to ascertain who diluted and then removed the very rule in this regard to benefit the Adani group. The demands came a day after capital markets regulator Securities and Exchange Board of India (SEBI) proposed mandating additional disclosure around ownership of high-risk Foreign Portfolio Investors (FPIs), to enhance trust in the Indian securities markets. Congress general secretary communications Jairam Ramesh also alleged that the market regulator was now looking to tighten the very rule it was "forced to dilute" in December 2018 and its removal in August 2019 to benefit the Adani Group. He said only a joint parliamentary committee probe can investigate the the entire scam and bring out the truth and all opposition parties will raise this demand in the upcoming Monsoon session of Parliament in th

Sensex ends 194 pts lower owing to late selling; Broader indices outperform

CLOSING BELL ON JUNE 01, 2023: The NSE Nifty 50 settled with a loss of 47 points below the 18,500-mark. Overall market breadth was fairly positive.

Stocks to watch: Coal India, Mankind Pharma, EID Parry, India Pesticides

Stocks to watch on June 1, 2023: From Coal India to Mankind Pharma, here are top stocks to watch in Thursday's trading session

Top Headlines: Adani to raise $3.5 bn, Centre to sell stake in Coal India

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