Page 20 - Gautam Adani

Adani Ports raises Rs 500 crore by issuing NCDs on private placement basis

Adani Ports and Special Economic Zone (APSEZ) on Tuesday raised Rs 500 crore by issuing non-convertible debentures on private placement basis. Billionaire Gautam Adani's firm in a regulatory filing said it has accepted bids aggregating to Rs 500 crore for two listed bonds, with one maturing in five years and the other in 10 years. "The company raised Rs 500 crore today i.e. January 9, 2024 by allotment of 50,000 rated, secured, listed, redeemable, non-convertible debentures (NCDs) of face value of Rs 1,00,000/ each on private placement basis," it said. The NCDs will be listed on the wholesale debt market segment of BSE. APSEZ is the largest port developer and operator in India with 7 strategically located ports and terminals on the west coast and as many ports and terminals on the east coast, representing 26 per cent of the country's total port volumes.

Gautam Adani reclaims Asia's richest spot after relief from Supreme Court

Adani's net worth rose $7.7 billion in a day to $97.6 billion, reclaiming the top spot in the region from Indian compatriot Mukesh Ambani, according to Bloomberg Billionaires Index

Gautam Adani reclaims India's richest title from Mukesh Ambani post-verdict

Reliance Group's combined market-cap at Rs 18.97 trillion, however, is way ahead of Adani Group's Rs 15.1 trillion

Karan Adani now MD of Adani Ports, Gautam Adani stays as executive chairman

Adani Ports and Special Economic Zone (APSEZ) on Wednesday said that the company has elevated its CEO Karan Adani to the role of Managing Director, a position which was held by Chairman of Adani group Gautam Adani. Gautam Adani has been re-designated as executive chairman of APSEZ. "APSEZ, India's largest ports and logistics company, has elevated CEO Mr Karan Adani to the role of Managing Director, a position which was held by Mr Gautam Adani, Chairman of the Adani Group," the company said in a release. The company further said its board has also approved the appointment of Ashwani Gupta, former global Chief Operating Officer at Nissan Motors, as the new Chief Executive Officer of APSEZ.

Adani case: SC refuses plea for SIT; asks Sebi to finish probe in 3 months

Reliance on third party organisation report without any verification cannot be relied upon as a proof, says court about investigative journalists' work

Adani Group shares hold gains in weak market as SC grants Sebi more time

The Supreme Court on Wednesday also directed the government and Sebi to look into whether there has been any violation of law by Hindenburg Research on short-selling.

'Grateful to those who stood by us': Adani on Adani-Hindenburg case verdict

Adani Hindenburg case verdict: The SC has refused to interfere in the investigation by the Securities and Exchange Board of India

Adani-Hindenburg case verdict: SC grants Sebi 3 months for pending probes

Adani Hindenburg case verdict: SC also said that the Centre and Sebi will look into whether there has been any violation of law by Hindenburg Research on short-selling

SC to pronounce verdict on Adani-Hindenburg case today: The story so far

Adani Hindenburg verdict time: A bench comprising CJI DY Chandrachud and justices JB Pardiwala and Manoj Misra will deliver the judgement at 10:30 am

The four fortunes riding on PM Modi's victory in Lok Sabha elections

Naturally, the biggest danger of allowing a handful of business groups to aggressively branch into new areas and extend their control over large swathes of economy is extreme concentration of power

India Inc billionaire promoter club: Count swells to record 152 in 2023

Mukesh Ambani back at the top ahead of Gautam Adani

Adani's JV hires global team for Dharavi overhaul project in Mumbai

Dharavi, about three quarters the size of New York's Central Park, is a crowded area that houses thousands of poor families in cramped quarters in the centre of India's financial capital

Year Ender 2023: Shiv Nadar, Savitri Jindal make the biggest leap in wealth

Following is the list of top Indian Business Personalities whose net worth surged the most in 2023

Adani Group steps into AI joint venture with West Asia backer IHC

Adani Global Ltd. and IHC's Sirius International Holding Ltd. will own 49% and 51% respectively in the Sirius Digitech International Ltd., which will be based in Abu Dhabi

Adani Energy Solutions bags Halvad Transmission project in Gujarat

Adani Energy Solutions also said that its arm, Adani Transmission Step-Four, will form a joint venture with UAE-based Esyasoft Holdings to implement smart metering projects

Adanis to invest Rs 9,350 cr in green energy arm to achieve 45 GW target

Billionaire Gautam Adani and his family plan to inject Rs 9,350 crore into the conglomerate's green energy arm to equip it to achieve the 45 GW target by 2030, according to a company filing. The investment of Rs 9,350 crore in Adani Green Energy Ltd "will be used for deleveraging and accelerated capital expenditure," the firm said in the filing. The green energy developer already has a Power Purchase Agreement (PPA) tie-up of 19.8 GW (out of 20.6 GW locked in capacity, balance 800 MW being merchant) and land of over 2,00,000 acres (equivalent to over 40 GW of additional capacity) in resource rich areas. The board of the company, which has a goal of 45 gigawatts (GW) of green energy capacity by 2030, approved a preferential issuance of warrants to the promoters for a quantum of Rs 9,350 crore at a price of Rs 1,480.75 per share. The issuance is subject to the approval of regulatory and statutory authorities as well as the shareholders of the company at the Extraordinary General Meet

Adani Green Energy announces incorporation of subsidiary Arasan Infra Two

Earlier on December 18, Adani Green had announced the incorporation of four step-down subsidiaries

Hindenburg's Adani Group, Icahn calls mark year of prominent bets

The US firm kicked off 2023 with allegations of accounting fraud and stock manipulation against Indian billionaire Gautam Adani's conglomerate that led to a market value erosion of more than $150 bn

This person's net worth jumped most in 2023. And it's not Adani or Ambani

In terms of wealth gain in India, 73-year-old Savitri is followed by KP Singh of DLF and Kumar Birla of Aditya Birla Group

Adani Group acquires majority stake in news agency IANS for undisclosed sum

Billionaire Gautam Adani's group has acquired a majority stake in news agency IANS India Pvt Ltd for an undisclosed sum as the group expands its presence in the media space. In a regulatory filing, Adani Enterprises -- the firm that holds the group's media interest -- said its subsidiary "AMG Media Networks Ltd has acquired a 50.50 per cent stake constituting equity shares of IANS India Pvt Ltd." The company did not disclose the acquisition price. Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV. AMNL was the vehicle for these acquisitions as well. In the filing, it said, "AMNL has also signed a shareholders' agreement with IANS and Sandeep Bamzai, a shareholder of IANS, to record their inter-se rights with respect to IANS." IANS had a revenue of Rs 11.86 crore in the fiscal yea