Page 15 - Gautam Adani

The Adani heirs: Meet the future leaders of a $213 billion empire

The future of the Adani dynasty rests in the hands of his two sons, Karan and Jeet, along with their cousins Pranav and Sagar

Gautam Adani plans to step down at 70, to cede control to family in 2030s

When Adani retires, his four heirs - sons Karan and Jeet, and their cousins Pranav and Sagar - will become equal beneficiaries of the family trust

Adani Enterprises Q1 results: Net profit rises 116% to Rs 1,455 cr

Consolidated net profit rose to Rs 1,455 crore for quarter ended June 30, from Rs 674 crore a year ago, the company, which is the flagship firm of the Adani Group, said in an exchange filing

Adani Ports registers 47% jump in Q1 profit on strong cargo volumes

Shares of the Adani Group company were up 1.2% after the results, while the broader benchmark Nifty 50 gained 0.2%

Adani Energy's $1-bn QIP subscribed 6 times with Rs 50k cr demand

Billionaire Stanley Druckenmiller's family office-led investment firms have made their maiden bet on Adani group, seeking shares of the conglomerate's power transmission unit in an institutional sale that was oversubscribed six-times and fetching demand of over Rs 50,000 crore against an issue size of USD 1 billion. Duquesne Family Office and two other US-based long-only funds - Driehaus Capital Management and Jennison Associates - invested in the qualified institutional placement (QIP) of Adani Energy Solutions, sources with direct knowledge of the matter said. The Rs 8,340 crore (USD 1 billion) issue saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business. Sources said the issue marked the debut of highly prestigious long-only investors Duquesne Family Office, Driehaus Capital Management and Jennison Associates which are known for their strong performance. These investors are known for investing only in companies wi

Adani Energy share sale receives three-fold bids as buyers pile in

Indian and international institutions have oversubscribed to Adani Energy Solutions Ltd.'s $1 billion share sale

Adani Group's flagship plans to revive firm's first retail bond sale

Company's return to raise funds through a public issuance highlights the recovery for the Adani Group, which lost more than $150 billion in market value at one point following the Hindenburg report

Billionaire battle heats up as Adani challenges Birla in cement space

The clash of titans is likely to intensify as the deep-pocketed tycoons seek to dominate supplies of a building material that is critical to sustaining India's infrastructure boom

Adani-Hindenburg row: SC quashes plea seeking review of Jan 3 verdict

The Supreme Court has dismissed a plea seeking review of its January 3 verdict by which it refused to transfer the probe into allegations of stock price manipulation by the Adani Group to a special investigation team or the CBI. A bench comprising Chief Justice of India D Y Chandrachud, Justice J B Pardiwala and Justice Manoj Misra dismissed the review plea filed by one of the PIL petitioners, Anamika Jaiswal, against the January 3 verdict. "Having perused the review petition, there is no error apparent on the face of the record. No case for review under Order XLVII Rule 1 of the Supreme Court Rules 2013. The review petition is, therefore, dismissed, the bench said in its order of May 5. The review petition was considered by the judges in chamber. In a significant win for the Adani Group, the top court, on January 3, declined to order a CBI or SIT probe. In its judgment, the apex court had said market regulator SEBI was conducting a "comprehensive investigation" into the allegation

Adani group's Vizhinjam port to see up to Rs 20K crore investment

Adani Ports to put in Rs 10K cr, may complete Phase-I in Sep, all phases by 2028

Adani Ports aims to complete phase one of long-delayed port by year-end

Adani Ports, a part of billionaire Gautam Adani's ports-to-power conglomerate, aimed to start operations at the port in the state of Kerala in 2018 but faced delays due to land acquisition issues

Gautam Adani to start shipbuilding at Mundra port amid global demand surge

The Adani Group's undisclosed shipbuilding initiative is embedded within Mundra Port's Rs 45,000 crore expansion plan, recently cleared by environmental authorities

Hindenburg receives show cause notice from Sebi over Adani issue

The short seller alleges 'surreptitious aid' to Adani Group by Sebi

Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity

Bulk of the investments will be in the airport and green energy businesses, says senior executive

Regulator notices citing 'lapses' received by group 'trivial': Adani CFO

Led by billionaire Gautam Adani, the group has faced regulatory challenges in India since a report by short seller Hindenburg Research in January 2023

Adani to invest Rs 1.3 trn in FY25 across portfolio companies, says CFO

The investment across portfolio companies that range from ports to energy, airports, commodities, cement and media will be 70 per cent met through internal cash generation

Ready to cash in on infrastructure sector, says Gautam Adani at AGM

Adani added that India's spend on infrastructure is expected to reach a cumulative total of $2.5 trillion

We are well positioned to capitalise on country's infra spending: Adani

The group, which has businesses across ports, power utilities, transmission and coal trading, is betting on India's infrastructure spending

Hindenburg report timed to disrupt FPO, company growth strong: Gautam Adani

Addressing an annual general meeting with shareholders, Adani Group chairman Gautam Adani pointed out that certain sections of the media played a role in amplifying the attack

Adani draws Rs 9.26 cr salary in FY24, lower than his executives, peers

India's second richest person Gautam Adani received a total remuneration of Rs 9.26 crore in the fiscal year ended March 31, 2024, lower than most industry peers as well as his own key executives. Adani, 61, drew salary from only two out of the 10 companies in his ports-to-energy conglomerate, annual reports of the 10 listed entities of the group showed. His remuneration for 2023-24 from the group's flagship firm Adani Enterprises Ltd (AEL) included Rs 2.19 crore salary and perquisites, allowances and other benefits worth Rs 27 lakh. The total remuneration of Rs 2.46 crore was 3 per cent more than the previous financial year, according to AEL's 2023-24 annual report. Besides, he drew Rs 6.8 crore from Adani Ports and SEZ Ltd (APSEZ). Adani's salary is lower than heads of almost all large family-owned conglomerates in India. While the richest Indian, Mukesh Ambani has been foregoing his entire salary since Covid-19 broke out prior to which he had capped his remuneration at Rs 15 .