Adani in his note also linked the bid prices to the huge personal connect it offered
Group confident of its governance and disclosure standards, says billionaire in address to shareholders
Gautam Adani added that the Securities and Exchange Board of India is still to submit its report, but the group remains 'confident of governance and disclosure standards'
Executives at the highest levels are scrutinising ties with Adani, turning more cautious about adding new business pending a regulatory probe that's supposed to end next month
The Adani Group is selling its shadow bank as it looks to realign its business interests and focus on preserving cash
The Congress on Saturday attacked Prime Minister Narendra Modi over the Maharashtra government formally awarding the Dharavi Redevelopment project to an Adani Group firm, alleging that BJP state governments have been reduced to "ATM machines for his cronies." A resolution released on Thursday by the Housing Development department of the Maharashtra government said the state cabinet had approved the outcome of the bidding process on December 22, 2022, following which the rights were awarded. Adani Properties will be the lead partner in the project for which a special purpose vehicle will be formed. Reacting to the development, Congress general secretary Jairam Ramesh said Devendra Fadnavis' last act before handing over the housing department on Friday was to formally approve the Adani Group's "shady takeover" of the Rs 5,069 crore Dharavi redevelopment project, which involves 600 acres of prime Mumbai land. The project had originally been awarded to a different bidder, he said. "Af
Adani Enterprises had last raised funds via a primary placement of bonds in September last year at an 8.40 per cent yield for 17 months
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
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 Ltd.'s board will discuss plans to raise funds from institutional investors on Thursday
The Adani family owns over 60 per cent stake in the group's listed companies, except Adani Green Energy and ACC Ltd
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 Holdings has a 74% stake in the airport, with the remaining 26 per cent owned by the Airports Authority of India
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
The proceeds will be used by the promoters to pre-pay debt, banking sources said
'Vested interests tried to opportunistically exploit' short-seller's claims, says billionaire
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
First project under Rs 60,000 cr CSR corpus
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
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