The company said its board has also given its consent for exploring and evaluating the proposal to create a platform, which will hold rail infra assets and investments in rail entities
The company's total expenses during the quarter under review rose to Rs 1,805.24 crore, compared to Rs 1,796.34 crore in the year-ago period
Adani Ports and Special Economic Zone (APSEZ) on Tuesday said it has raised $750 million (about Rs 5,600 crore) by issuing fixed rate senior unsecured notes.
The Notes are expected to be listed on the Singapore Exchange Securities Trading Limited and the India International Exchange (IFSC)
The proposed transaction involves acquisition of equity shareholding along with management control of 100% of the total issued, outstanding preference share capital of Krishnapatnam Port Company
Agencies see strong fundamentals for Adani despite lowered ratings outlook
The 200-DMA is acting as a major hurdle for major stocks like ACC Ltd, Adani Ports, and Asian Paints, among others
Eight leading promoter-controlled business houses have emerged as the new Corona warriors for the stock market
The Bajaj group is the only one on the list of 12 conglomerates to be down - 1 per cent - since the lockdown came into effect, thanks to the hammering of stocks of non-banking financial companies.
Technical Calls by Gaurav Garg, Head of Research at CapitalVia Global Research Limited- Investment Advisor
Today, a total of six companies, including YES Bank and Kansai Nerolac Paints, are set to declare their quarterly numbers
All that happened in the markets today
With further extension of the nationwide lockdown, the RBI is considering a proposal for extending the moratorium on bank loans by another three months
The promoter family trust holds 39.34 per cent in APSEZ
The volatility India (VIX) has fallen below 40 levels, which is giving comforts to the bulls
At present, sectors like warehousing, trucking, and last-mile delivery, are facing several challenges. Labour shortage has turned out to be the biggest one, across segments.
The NCDs will be listed on the Wholesale Debt Market segment of the BSE.The finance committee meeting of the company held a meeting on Monday.
Adani Ports arm has raised Rs 125 crore today by allotment of 1,250 rated, listed, secured, redeemable, non-convertible debentures (NCDs) of the face value of Rs 10,00,000 each
The fund has added two new names - Adani Ports & Special Economic Zone and Britannia Industries - show the fund's latest disclosures
Adani Ports and Special Economic Zone (APSEZ) has sufficient financial headroom to absorb its proposed acquisition in Krishnapatnam Port Company (KPCL), S&P Global Ratings has said. "APSEZ's strong financial performance and flexibility in adjusting capital expenditure (capex) and dividends, and earnings contribution from Krishnapatnam will allow it to maintain its leverage within our rating threshold," the ratings agency said in a statement. Adani Group's port developing arm had last week said that it will acquire 75 per cent stake in KPCL in a cash deal that values the port at Rs 13,500 crore. S&P Global Ratings said that it expects APSEZ to maintain its ratio of funds from operations to debt at more than 15 per cent following the acquisition. "APSEZ's leverage is likely to be about 15 per cent in fiscal 2021 (year ending March 2021) as a result of the acquisition, compared with our previous estimate of about 18 per cent. "Leverage will then revert to 15-17 per cent in fiscal