Page 26 - Gautam Adani

Adani aims to close planned $4 bn fundraising by end-December: Report

The Adani Group is aiming to close the fundraising before end 2023, said the source, who declined to be named as the discussions are private

Gautam Adani mulls bidding for Anil Ambani's bankrupt coal plants

Ambani's Reliance Power Ltd. is also considering making an offer for the asset in an attempt to win back control of the firm, said sources

Adani Green Energy weighs raising $1.5 bn to fund expansion, say reports

Adani Green Energy Ltd.'s board will discuss plans to raise funds from institutional investors on Thursday

Adani group promoters looking to trim more stake to build cash reserves

The Adani family owns over 60 per cent stake in the group's listed companies, except Adani Green Energy and ACC Ltd

Musk, Zuckerberg lead a $852 billion surge among world's richest people

Each member of the Bloomberg Billionaires Index made an average of $14 million per day over the past six months, according to data compiled by Bloomberg

Adani Airports wants to fly higher; seeks higher stake in Mumbai airport

Adani Airports Holdings has a 74% stake in the airport, with the remaining 26 per cent owned by the Airports Authority of India

Adani Enterprises, Green see $900 mn of block trades, sparks speculation

The flagship of Indian billionaire Gautam Adani saw 18 million shares traded in a single block Wednesday, or about 1.6% of its outstanding stock, according to data compiled by Bloomberg

Promoter entities raise $1 bn by selling shares in Adani Green Energy, AEL

The proceeds will be used by the promoters to pre-pay debt, banking sources said

Hindenburg report 'targeted misformation', false allegations: Gautam Adani

'Vested interests tried to opportunistically exploit' short-seller's claims, says billionaire

Billionaire Gautam Adani reiterates confidence in governance standards

The Adani Group chairman, commenting in the annual report of flagship firm Adani Enterprises Ltd. released on Tuesday, pointed to a submission last month by India's Supreme Court

Set to launch state-of-the-art healthcare ecosystem, says Gautam Adani

First project under Rs 60,000 cr CSR corpus

Not aware of any subpoena from US regulators to investors: Adani Group

This comes after Bloomberg reported that US regulators are probing the representations made by Adani Group to American investors after Hindenburg report accused it of manipulating stock prices

Adani Group draws regulatory scrutiny in the US after short seller's report

The US Attorney's Office in Brooklyn, has sent inquiries in recent months to institutional investors with large holdings in the India conglomerate, one person familiar with the inquiries said

Adani Gas down 74% in 6 months, Serum Institute most valued unlisted firm

The total value of the top 500 companies in India declined marginally by 6.4% to Rs 212 trillion from Rs 227 trillion as of October 30,2022.

Not so forthcoming: Why doesn't Adani disclose potential conflicts?

A short-seller attack earlier this year on the Adani Group had focused on a different family member. New York-based Hindenburg Research had gone after tycoon Gautam Adani's older brother, Vinod

Adani Group revives Mundra PVC project, gets credit line worth Rs 14,000 cr

Most of the funds may come from state-run lenders and private lenders will lend at least Rs 4,500 crore

Adani stocks still reeling from losses inflicted by Hindenburg report

While two of Adani's 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away

Top headlines: Byju's file suit against TLB acceleration, Adani repays loan

Business Standard brings you top headlines at this hour

Adani Group repays loans worth $2.65 bn to complete prepayment programme

Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller. In a Credit Note released on Monday, Adani Group said it has made a full prepayment of USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 700 million in loans taken for the acquisition of Ambuja Cement. "The prepayment was done along with interest payment of USD 203 million," it added. Further, the credit update states that the promoters completed the sale of shares in four listed group entities to GQG Partners, a leading global investment firm, for USD 1.87 billion (Rs 15,446 crore). "The deleveraging programme testifies to the strong liquidity management and capital access at sponsor level even in volatile market conditions, supplementing the solid capital prudence adopted at all portfolio

Train accident: Gautam Adani takes responsibility to educate orphaned kids

Billionaire Gautam Adani on Sunday offered to provide free school education to children who lost parents in the country's deadliest train crash in decades, saying the train accident in Odisha was deeply disturbing. In a tweet, Adani, who heads a conglomerate that spans ports to energy, commodities, airports and data centres, said it is a joint responsibility of all to support the victims and their families and give a better tomorrow to the children. "We are all deeply disturbed by the train accident in Odisha. We have decided that the Adani Group will take care of the school education of the innocents who have lost their parents in this accident. It is the joint responsibility of all of us to support the victims and their families and give a better tomorrow to the children," he said in a tweet in Hindi. The deadliest rain accident in nearly three decades left nearly 300 dead and hundreds injured.