Page 30 - Gautam Adani

Fitch Affirms 'BBB-' ratings for Adani Electricity Mumbai's dollar bond

Hindenburg report has limited near-term impact on cost of funding

Mixed day for Adani Group companies; AEL falls 4,2%, Adani Wilmar up 2.8%

The stock of Adani Power closed at Rs 196.05, Adani Transmission at Rs 860.85, Adani Green Energy at Rs 650.55 and Adani Total Gas at Rs 904.95 apiece on BSE

All share-backed loans prepaid, Adani executives tell investors at UK meet

But shares of two more group firms reported to be pledged

Four Adani Group stocks hit upper circuit today: All you need to know

Adani Group stocks: Last night, it was reported that Gautam Adani and his family had prepaid all loans backed by the company shares

Adani Group rout puts spotlight on billions flowing through Mauritius

The accusations against Adani - some reported by local media years before Hindenburg dropped its report - come at an uncomfortable time for Mauritius

Embattled Adani Group repays share-backed financing worth Rs 7,374 crore

Embattled Adani Group on Tuesday said it has repaid share-based financing of Rs 7,374 crore (over USD 900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over investors. The repayment will release pledge on shares of promoters in four group companies, it said in a statement, adding that together with repayments done earlier, the group has prepaid USD 2.016 billion of share-backed financing. In September last year, CreditSights, a Fitch Group unit, said the group was "deeply overleveraged" as it used debt to expand an empire centred on ports and coal mining to include airports, data centres and cement as well as green energy. In a January 24 report, US short seller Hindenburg Research flagged "substantial" debt levels at the group while alleging accounting fraud and use of offshore shell companies to inflate stock prices. The group has denied all Hindenburg allegations, calling them "malicious", .

NSE removes Adani Enterprises from short-term additional surveillance

The stock will move out of the ASM framework from Wednesday, according to the report

Had meeting with Adanis, happy about it: LIC chairman M R Kumar

LIC's exposure to the Adani group has been under scrutiny since the report by the US-based shortseller became public

Adani has $2 bn foreign-currency bonds coming up for repayment in 2024

The Adani group, whose mostly debt-fueled breakneck expansion saw gross debt doubling in four years, has almost USD 2 billion worth of foreign-currency bonds coming up for repayment in 2024, according to a presentation the conglomerate made to investors. The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and 2022 across group companies. Of this, USD 1.15 billion of bonds matured in 2020 and 2022. There are no maturities in 2023 but three issuances - USD 650 million by the ports arm APSEZ and two of renewable energy unit Adani Green Energy Ltd (USD 750 million and and USD 500 million - are due for payment in 2024. Adani group management, including group chief financial officer Jugeshinder Singh, last month held roadshows in Singapore and Hong Kong to reassure investors that the company's finances are under control. These are to be extended to Dubai, London and the US from March 7 to 15. Executives told investors they will addr

Top headlines: Adani promoters sell stakes, AI plans single pay structure

Business Standard brings you the top headlines at this hour

Indian cricket: Where Mukesh Ambani might pull ahead of Gautam Adani

The two billionaires have adopted different playbooks. While Adani went headlong into public utilities, Ambani has focused on private wants

Adani Group bonds flash warnings even as $153 billion stock rout eases

But a closer look at billionaire Gautam Adani's empire shows that while fears of a debt blowup in the next three years have receded, investors still have doubts

Supreme Court forms an expert committee to probe Adani allegations

Sebi told to investigate stock manipulation charges against group

Have a lot of respect and admiration for Gautam Adani: Ex-Australian PM Tony Abbott

Former Australian PM Tony Abbott said that he has a lot of ''respect'' and ''admiration'' for industrialist Gautam Adani for bringing prosperity to Australia. Watch the video to know what he said. >

SC order on Hindenburg issue: Truth will prevail, says Gautam Adani

Embattled tycoon Gautam Adani on Thursday welcomed the Supreme Court order of a time-bound probe into allegations levelled by Hindenburg Research against his group, saying this will bring finality and truth will prevail. Shortly after a bench headed by Chief Justice D Y Chandrachud passed the order, Adani tweeted: "The Adani Group welcomes the order of the Hon'ble Supreme Court. It will bring finality in a time bound manner. Truth will prevail." The Supreme Court on Thursday asked markets regulator Sebi to complete an investigation into US short-seller Hindenburg's allegations against Adani Group within two months. It also ordered constituting an expert committee to review regulatory mechanism in view of the rout in share prices of Adani firms triggered by the Hindenburg allegations.

SC directs Sebi to probe Adani; group stocks hold gains amid heavy volumes

Adani Enterprises, the Group flagship company, saw around 38.96 million equity shares (3.4 per cent of total equity) worth of around Rs 5,487 crore change hands on the BSE this morning.

SC decision on Adani-Hindenburg probe panel today: 5 things you must know

On February 17, the Centre had told the apex court that they would submit their suggestions for the proposed panel in a sealed cover, but the court refused to accept it

Congress endgame

Plenary weakens prospects of a united front

Gautam Adani slips to 32nd in rich list, net worth shrinks to $37.7 billion

Indian billionaire Gautam Adani's net worth has shrunk to $37.7 billion, taking him to 32nd on the Bloomberg Billionaire Index

Elon Musk returns to the top, becomes richest person on the planet again

The rise in Musk's wealth can be attributed to the rally in Tesla stocks that has outpaced the rally in the Nasdaq 100 Index so far this year