Page 9 - Adani Ports

Israel-Hamas conflict: Rising energy costs likely to weigh on India Inc

An Adani Ports & SEZ statement said the company is closely monitoring the situation at its port, which is situated in the North - far away from the conflict zone

Israel-Hamas conflict: Cloud over India-Middle East corridor project

The project was also believed to be one of the icebreakers in the relationship between the Kingdom of Saudi Arabia and Israel

Adani Ports stock drops 4.5% on Haifa port worries over Israel conflict

Adani Ports is closely monitoring the conflict in Israel and is prepared with a business continuity plan, the company said in a statement

Measures in place to ensure safety of employees at Haifa port: APSEZ

Adani Port and Special Economic Zone (APSEZ) on Monday said the company has taken measures to ensure safety of its employees in Israeli port of Haifa and all of them are safe. Israel witnessed an unprecedented multi-front attack by air, land and sea by Hamas, which rules the Gaza Strip, in its southern parts on Saturday morning. APSEZ in a statement said that the company remains fully alert and prepared with a business continuity plan that will enable it to respond effectively to any eventuality. "We are closely monitoring the action on ground which is concentrated in south Israel, whereas Haifa port is situated in the north. "We have taken measures to ensure safety of our employees and all of them are safe," spokesperson of Adani Ports and SEZ Limited said. Earlier this year, the Adani Group acquired the strategic Israeli port of Haifa for USD 1.2 billion. "At a time like this, our thoughts continue to be with the people of Israel," the statement said. According to the statem

Adani Ports & SEZ total cargo volumes rise 26% YoY to 32.8 MMT in September

APSEZ said that growth was recorded across all cargo segments, including containers (20 per cent), dry bulk (32 per cent), and liquid & gas (21 per cent)

Stocks to Watch today, Sep 28: Adani Ports, Apollo Hosp, NBCC, Zee, KEC

Stocks to watch on Thursday, September 28 2023: Telecom stocks too may see some action after Trai data for July showed considerable new subscriber additions for Jio and Airtel; and loss of market shar

Adani Ports offers to buy back $195 mn of its 2024 dollar bond at discount

The company, part of the conglomerate backed by billionaire Gautam Adani, said it would fund the purchase from its cash reserves, according to a statement on Wednesday

Adani Group shares rally up to 10%; Adani Power zooms 200% from 52-week low

Adani Ports, NDTV, Adani Enterprises, Adani Energy Solutions, Adani Total Gas, Adani Wilmar, Ambuja Cements and ACC were up in the range of 2 per cent to 10 per cent on the BSE.

CHATROOM: DGFT should review circular on sale of IPA from SEZ to DTA

Section 4(1) of the Competition Act, 2002 says that no enterprise or group shall abuse its dominant position

What is OCCRP that has levelled allegations against Adani and Vedanta?

A report published by OCCRP has accused Adani Group of routing investments in its publicly traded stocks through "opaque" Mauritius funds. But what is OCCRP, and why is it accusing the Adani Group

Market regulator Sebi examined funds named by OCCRP in Adani Group probe

The funds named today are already a part of a regulatory probe into violations of public float norms by the Adani Group and any new facts will be considered, sources added

Adani Group rubbishes allegations of 'opaque' funding by family's partners

The Organised Crime and Corruption Reporting Project (OCCRP) on Thursday trained gun at billionaire Gautam Adani's group, alleging hundreds of millions of dollars were invested in publicly traded group stocks through Mauritius-based 'opaque' investment funds managed by partners of promoter family, charges the conglomerate denied vehemently. The fresh allegations by an organisation funded by likes of George Soros and Rockefeller Brothers Fund come months after a US short seller wiped away close to USD 150 billion in value of Adani group stocks with allegations of accounting fraud, stock price manipulation and improper use of tax havens by the ports-to-energy conglomerate run by billionaire Gautam Adani. Adani Group has denied all Hindenburg allegations. Citing review of files from multiple tax havens and internal Adani Group emails, OCCRP said its investigation found at least two cases where the "mysterious" investors bought and sold Adani stock through such offshore structures. The

Congress raises questions over Adani Group's Gangavaram port acquisition

The Congress on Friday raised questions over the Adani Group's acquisition of the Gangavaram port and asserted that only a joint parliamentary probe can uncover how the conglomerate could "grab so many prize assets" in many strategic sectors so quickly and at a deep discount. Citing a media report, Congress general secretary said it documents the modus operandi behind the staggering rise of the "Modi-made Monopoly (3M)" in many strategic sectors with a case study of the acquisition of Gangavaram port. In a post on X, Ramesh said it leads to many "piquant" questions" such as how did Adani buy a debt-free Gangavaram port in Andhra Pradesh that should be valued at double of the Rs. 6,200 crore it paid, by any reasonable valuation metric. "How was it acquired at a much lower EBIDTA (earnings before interest, taxes, depreciation, and amortization) multiple than Adani's own deal with the debt-laden Krishnapatnam port and how did Adani pick up six ports in just nine years without any other

Adani-led promoter group hikes stake in flagship firm AEL to 69.87%

Billionaire Gautam Adani-led promoter group has increased its stake in the group's flagship firm as the ports-to-energy conglomerate continues to recover from the effects of a report by US short-seller Hindenburg Research. Promoter group has increased stake in Adani Enterprises Ltd from 67.65 per cent to 69.87 per cent, according to a stock exchange filing. Promoter group firm Kempas Trade and Investment Ltd, which had a minimal stake in the firm, acquired 2.22 per cent in the open market between August 7 and August 18, it said. The stake increase comes at a time when US-based boutique investment firm GQG Partners has been buying shares in Adani group firms. GQG has increased its stake in Adani Ports & Special Economic Zone (APSEZ) to 5.03 per cent last month by way of a bulk deal, stock exchange filings showed. GQG now has a stake in five of the 10 Adani Group firms. On August 16, it bought a 7.73 per cent stake in Adani Power Ltd. Promoter group firms Worldwide Emerging Market .

Adani Group market cap jumps to 3-month high, adds Rs 45,200 cr on Friday

Billionaire Gautam Adani's ports to power conglomerate added over Rs 45,200 crore in market capitalisation in a single day on Friday as shares of all 10 listed group firms surged after global investors showed renewed interest in the group. The overall market capitalisation of the 10 Adani Group companies shot up to Rs 10.96 lakh crore on Friday, stock exchange data showed. The market capitalisation stood at Rs 10.51 lakh crore at close on Thursday. Market experts say the rise in the stock price is due to an increase in interest from global investors even as investors put the recent issue of Deloitte behind. "Over the last few days, there was consolidation in the Adani Group stocks. The market has analyzed the developments and emerging data points. "Additionally, with fundraising remaining robust at the group level and project execution proceeding without a hitch, there's a strong sentiment of confidence in the group's operational capabilities. The stocks are poised for gains in the

Adani Group stocks gain as GQG Partners ups its wager; Adani Ports up 4.5%

The stake was purchased from Adani group promoter entities Worldwide Emerging Market Holding and Afro Asia Trade and Investments

Sensex gyrates 696 pts, ends 79 pts up; Adani Ent down 3.5%, RIL gains 1.5%

Closing Bell on August 14, 2023: In the broader markets, the BSE MidCap and SmallCap indices underperformed the benchmarks as they fell 0.5 per cent each

Adani group stocks fall as Deloitte resigns as auditor for Adani Ports

Shares of Adani group stocks fell on Monday after Deloitte resigned as auditor of the Adani group's port company. Deloitte has resigned as auditor of the Adani group's port company, with the firm run by billionaire Gautam Adani saying the auditor wanted a wider remit over other firms in the conglomerate following the report of a US short seller. Shares of Adani Enterprises tanked 5.41 per cent, Adani Transmission fell by 4.77 per cent, Adani Power declined by 4.23 per cent, Ambuja Cements dived 4 per cent and Adani Ports skidded 3.70 per cent on the BSE. The stock of Adani Green Energy declined by 3.22 per cent, Adani Wilmar (3.14 per cent), Adani Total Gas (3 per cent), NDTV (3 per cent) and ACC (2.23 per cent). In the equity market, the 30-share BSE Sensex quoted 335.61 points down at 64,987.04. The resignation came weeks after Deloitte raised concern over certain transactions flagged in the report of Hindenburg Research. In a statement, Adani Ports & Special Economic Zone ...

Adani Group shares under pressure; Adani Ports, AEL slip up to 5%

Securities and Exchange Board of India is set to submit to the Supreme Court its report on the allegations made by US-based Hindenburg Research against the Adani Group.

Stocks to Watch on Aug 14: Adani Ports, Nykaa, Raymond, PSU Banks, Biocon

Stocks to watch on August 14, 2023: Balrampur Chini, Delta Corp, Indiabulls Housing Finance, India Cements, Manappuram Finance and Zee among nine stocks in F&O ban period on Monday.