Page 71 - Adani Group

MSCI drops Adani Transmission and Adani Total Gas from India index

The exclusion follows changes in MSCI's calculation on the amount of shares considered freely tradable in the public market for the two companies

Adani Group's Abu Dhabi backer says no plan to join any new share sale

Three companies controlled by Adani are considering a fundraising that may draw as much as $5 billion

Adani Group promoters won't take on debt to fund expansion, growth

However, they will continue to be "net lenders" to group companies when they require funds

Three Adani firms consider raising up to $5 bn after $2.5 bn share sale

The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise

MSCI rejig: Adani Transmission, Adani Total Gas may see outflow of $206 mn

Shares of Adani Transmission and Adani Total Gas had hit their respective lower circuit filter of 5 per cent on Monday, after MSCI said it would reduce their weights in its indices

Adani Group shares in focus on fund raising plan; Adani Enterprises up 4%

The board will consider raising funds by way of issuance equity shares or other eligible securities through a private placement, a QIP, or a preferential issue, among others.

Stocks to Watch Today: L&T. DRL, Adani Group, Asian Paints, Hero Moto

Stock to Watch today: Adani Enterprises Ltd., the flagship company of Adani Group, said on Wednesday that it will hold a board meeting on May 13 to consider fund raise via issuance of equity

SC dismisses CJI's plea seeking recusal from hearing same-sex marriage case

From hearing pleas over validation in the same-sex marriage case to dismissing DY Chandrachud's application seeking recusal from hearing same-sex marriage plea, here are some of the important cases

No shell company in Mauritius; Hindenburg allegations false: Mauritius Min

In a boost to the embattled Adani Group, Mauritian Financial Services Minister Mahen Kumar Seeruttun has told the nation's Parliament that Hindenburg Research's allegations of the presence of 'shell' companies in the Island nation are 'false and baseless' and that Mauritius was in compliance with OECD-mandated tax rules. US short seller Hindenburg on January 24 alleged that billionaire Gautam Adani used shell companies based in Mauritius to manipulate stock prices of his Indian-listed companies. A shell company is an inactive firm used as a vehicle for various financial manoeuvres. When a Member of Parliament (MP) through a written notice question asked the Minister about Hindenburg's allegation of use of Mauritius-based entities as conduits for money laundering and share price manipulation for the Adani Group, the minister said the nation's law does not allow shell companies. "At the outset, I wish to inform the House that the allegations of the presence of shell companies in ...

SC to hear pleas on Adani-Hindenburg saga on May 12 over stock manipulation

The Supreme Court will hear on May 12 the pleas on the Adani-Hindenburg row in which it had on March 2 asked market regulator SEBI to probe within two months allegations of stock price manipulation by the Adani group and lapses in regulatory disclosure. The top court had also set up a panel to look at providing protection to Indian investors after a damning report by US short seller Hindenburg wiped out more than USD 140 billion of the Indian conglomerate's market value. As per the cause list uploaded on the apex court website, a bench comprising Chief Justice D Y Chandrachud and Justices P S Narasimha and J B Pardiwala is scheduled to hear the pleas. The hearing assumes significance in the wake of media reports that the six-member committee, headed by former apex court judge Justice A M Sapre, constituted for assessing the existing regulatory framework and making recommendations to strengthen the process, has submitted its report to the top court in a sealed cover. Recently, marke

Adani-Hinderburg row: Expert panel submits its findings to Supreme Court

The expert panel looking into the matter is chaired by former Supreme Court judge AM Sapre

Stocks to Watch on May 10: L&T, SpiceJet, SCI, Apollo Tyres, Tata Steel

Stocks to Watch today: In a major blow, lessors have approached aviation regulator DGCA for deregistration of three planes of SpiceJet

Adani-Hindenburg row: SC to hear Sebi's plea seeking extension on May 12

Recently, Sebi moved an application in the court and sought six more months to ascertain possible violations related to misrepresentation of financials, circumvention of regulations

Adani group to prepay $130 mn debt in order to boost investor confidence

Billionaire Gautam Adani's group on Tuesday said it will prepay USD 130 million of debt as it looks to boost investor confidence post being targeted by a US short-seller. Adani Ports and Special Economic Zone, the ports company of the Adani Group, had last month floated a tender to buy back as much as USD 130 million of its July 2024 bonds and similar amounts in each of the next four as it looked to regain investor confidence by showing that its liquidity position is comfortable. In a stock exchange filing, APSEZ said an aggregae principal amount of USD 412.7 million was validly tendered. "Since the principal amount of notes validly tendered and not validly withdrawn on or prior to the early tender date (of May 8) exceeded the maximum acceptance amount of USD 130 million in aggregate principal amount of the outstanding notes, the company will accept such notes for purchase subject to the proration factor of 34.2649 per cent," it said. Shares of Adani group companies pummelled after

Three Adani Group firms lose endorsement of UN-backed climate group

Adani Green, Adani Transmission Ltd. and Adani Ports & Special Economic Zone Ltd. were removed in late April

Adani Ports to pay $130 mn of debt early, $413 mn debt tendered for payment

Adani Ports had floated a tender of up to $130 million of 3.375% 2024 maturity dollar-denominated bonds late last month

Adani Group gets financial support from three Japanese banks: Report

Adani Group companies are planning to execute large-scale projects across infrastructure and utility space, and need cash flows for these

MSCI cuts free float in Adani Transmission, Adani Total Gas; stocks sink 5%

The sharp decline in Adani Transmission and Adani Total Gas follows global index provider MSCI's decision to reduce the free float of the duo in its index review this month

MSCI to lower free float of two Adani companies in its May index review

MSCI now sees the Adani Total Gas' free float at 14% and Adani Transmission at 10%, from 25%

Hero Moto, SpiceJet, AEL, TVS Motor among top 10 stocks to watch on Friday

Stocks to watch on May 05, 2023: Adani Power, Bharat Forge, Blue Dart, Britannia, Equitas SFB, Federal Bank, Marico and Paytm on investors radar ahead of Q4 earnigns today.