Sebi also sought an extension of the deadline to complete the probe to ensure 'carriage of justice'
Barring Adani Transmission, Adani Green Energy and Adani Total Gas appears for a smart reversal on the charts unless key supports are breached
In past two days, stock price of Adani Transmission and Adani Total Gas dipped 7 per cent and 9 per cent, respectively, after Global index provider MSCI dropped these stocks from its India index.
Stocks of at least four companies controlled by billionaire Gautam Adani - including the conglomerate's flagship Adani Enterprises Ltd. - show a strong tendency to climb in the second half of year
Stocks to Watch today: Adani Enterprises and Adani Transmission will together raise Rs 21,000 crore
Over the weekend, Adani Enterprises and Adani Transmission announced plans of raising Rs 12,500 crore and Rs 8,500 crore, respectively, through the qualified institutional placement route
Billionaire Gautam Adani's group will raise Rs 21,000 crore (over USD 2.5 billion) through share sale in two group companies in the boldest comeback strategy after the ports-to-energy conglomerate was rocked by allegations of fraud levelled by a US short-seller. Adani Enterprises Ltd, the group's flagship firm, plans to raise Rs 12,500 crore while electricity transmission company Adani Transmission another Rs 8,500 crore, the companies said in stock exchange filings. The board of renewable energy arm, Adani Green Energy Ltd too was scheduled to meet on Saturday for a fundraise but the meeting was postponed to May 24. The fundraise will be through issue of shares to qualified institutional buyers. Sources aware of the matter said investors in Europe and the Middle East have evinced strong interest. In a stock exchange filing, Adani Enterprises said its board on Saturday approved "raising of funds by way of issuance of...equity shares having face value of Rs 1 each of the company an
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Leading bourses BSE and NSE on Friday said that three Adani group companies -- Adani Total Gas, Adani Transmission and Adani Green Energy -- will move out of the ASM framework from May 15. On March 24, both the bourses had moved Adani Total Gas and Adani Transmission from second to the first stage of the long-term Additional Surveillance Measure (ASM) framework. Last month, the exchanges had also moved Adani Green Energy to first stage of long-term ASM framework. The stocks will be excluded from ASM framework effective May 15, according to two separate circulars available on the BSE and NSE websites. PC Jeweller is also another stock that was excluded from the ASM framework. On Thursday, MSCI announced that two Adani group companies -- Adani Total Gas and Adani Transmission -- will move out of the MSCI India Index with effect from May 31. MSCI Global Standard Index is widely used by global fund houses for benchmarking global equities portfolios. US short-seller Hindenburg Resear
In which we munch over the week's platter of news and views
From hearing a plea in the Adani vs Hindenburg case, to Delhi govt's decision to move the court, here are some of the important cases heard today
The Congress on Friday said lakhs of investors expect that SEBI will faithfully fulfil its mandate of protecting their interests, and ensure transparency and accountability while probing the "opaque network of shell companies" that have allegedly funnelled crores into Adani companies. The Congress' assertion came after the Supreme Court said it may consider granting three more months to SEBI for concluding its probe into the allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure, and listed a batch of PILs and plea by the market regulator on May 15. Tagging a media report on the Supreme Court's observations in the matter, Congress general secretary Jairam Ramesh said in a tweet, "Supreme Court has given time till August 15th for SEBI to submit its report on the Adani Group." "Lakhs of investors expect that SEBI will faithfully fulfil its mandate of protecting their interests, and ensure transparency and accountability while probing the opaqu
On March 2, the apex court had asked Sebi to conclude the investigation in two months and file a status report by May 2
In April, Sebi moved the SC and sought a six-month extension to complete its probe
CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day
The projects are expected to be commissioned in two years and will funded using internal accruals, it added
Among the new additions to the MSCI Small Cap index, KFIN Technologies, Syrma SGS Technology and Ujjivan Small Finance Bank have rallied up to 6 per cent.
Stocks to be assigned 'zero' value if they get locked in lower circuits that day
With PM largely silent on the controversy despite attacks from opposition, these investigations are most significant way India can signal to investors that it is willing to scrutinize its largest firm
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