Page 27 - Gautam Adani

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.

Total cargo handling at APSEZ ports jump 19% in May, YTD numbers up 16%

Growth was seen in almost all the ports and in all three segments of its business, the company said

Adani to raise $3.5 bn from equity share sale in three group companies

Billionaire Gautam Adani's conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller. While boards of Adani Enterprises Ltd - the group's flagship firm - and electricity transmission company Adani Transmission Ltd have already approved raising up to Rs 21,000 crore (over USD 2.5 billion) through share sales to qualified institutional investors, the board of Adani Green Energy Ltd is likely to do so for raising up to USD 1 billion in the next couple of weeks, sources aware of the matter said. Post-board approvals, Adani Enterprises Ltd and Adani Transmission Ltd have sought shareholder approval. Adani Green Energy Ltd's board may meet in the first or second week of June for approving the fundraising, they said. The entire fundraising of USD 3.5 billion, which would go to fund the capital expenditure needs of the group, i

Can Adani convince investors to back his capital-hungry businesses?

The utility company earlier this month announced plans to raise as much as $1 billion - one of two Adani companies looking to issue new shares for the first time since the short seller crisis

Adani Transmission Q4 results: Consolidated PAT up 85% YoY to Rs 440 cr

Consolidated revenue from operations during the quarter under review rose 17% to Rs 3,031 crore as against Rs 2,556 crore in the same quarter of last year

Indian stocks reclaim spot in world's top 5 markets as Adani scrips rebound

India reclaimed its spot as the world's fifth largest stock market after losing that status to France in January, aided by a revival in Adani Group stocks

Weekend Bites: Adani casts off Hindenburg curse, and demons in Angel Tax

In which we munch over the week's platter of news and views

Adani Green Energy to seek board approval to raise up to $1 billion

On May 13, two Adani Group companies, Adani Enterprises and Adani Transmission, received the approval of the board to raise Rs 12,500 crore and Rs 8,500 crore, respectively

With Adani, Agarwal under scrutiny, India's privatisation drive stalled

Of three dozen companies originally identified for sale, officials are now left with a list of just 17 - 10 unlisted and 7 listed - largely because of legal and insolvency issues.

5 Adani Group stks freeze at 5% upper limit; AWL, Adani Ent surge up to 8%

Shares of Adani Group companies were in demand for the second straight trading day after the SC-appointed panel said that it not possible to conclude that there was a regulatory failure at this stage.

In Adani-Hindenburg saga hard to pinpoint regulatory failure, says SC panel

On price volatility, the committee said that the Indian market was 'not unduly volatile' after the Hindenburg report on Adani was revealed in January

Adani Group stocks lose $10 billion in value as MSCI exclusion weighs

Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month

Adani woos bankers: Invites them for a trip to restore confidence

The guests have been invited to meet the senior officials of the conglomerate and wine and dine at a five-star hotel near Mumbai's international airport

Adani stocks have seasonality to help in recovery from $100 billion rout

Stocks of at least four companies controlled by billionaire Gautam Adani - including the conglomerate's flagship Adani Enterprises Ltd. - show a strong tendency to climb in the second half of year