Page 33 - Gautam Adani

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

No refinancing, capital plans at HK roadshow, says Adani Group CFO

When asked "Are you looking to refinance any debt?" on the sidelines of the Hong Kong roadshow Tuesday, Singh said: "No, we don't have anything major at all"

Adani rebuffs report of $400 mn fundraise against Australian assets

Australia's corporate regulator earlier this month said it will review the report that has flagged a wide range of concerns about the group led by billionaire Gautam Adani

ITC's climb to all-time high shows Indian investors searching for stability

ITC's climb has accelerated this month, as Hindenburg Research's allegations against the Adani Group has made Adani Enterprises and Adani Ports & Special Economic Zone the index's worst performers

Adani-Hindenburg saga: A world tour seeks to win back debt investors' faith

A dozen global banks will help host the investor meetings at Singapore's Capitol Kempinski hotel. The conglomerate will then hold meetings in Hong Kong at Barclays Plc office on Tuesday and Wednesday

Gautam Adani isn't the only Indian tycoon in trouble. Look at Vedanta

With Adani scandal putting Modi govt under heightened scrutiny about entanglement of public purpose with private profit, Vedanta's top priority should be to stay out of the headlines

Adani saga: The elephant in the room

The Adani group stocks don't need to keep going down and hit Hindenburg's estimate of fair value

Adani Ports and SEZ crosses 300 MMT cargo handling in just 329 days

Adani Ports and Special Economic Zone (APSEZ) crossed 300 million metric tonne (MMT) of cargo handling on Thursday. The company crossed the cargo handling in just 329 days. APSEZ has registered growth since it started operations over two decades ago and continues to outperform all India cargo volume growth, with its market share rising rapidly, the company said in a statement. "APSEZ's flagship port, Mundra, is outpacing all its closest rivals by comfortable margins and continues to be the largest port in the nation in terms of volumes handled," APSEZ CEO and Whole Time Director Karan Adani said. APSEZ, a part of Adani Group, has evolved from a port company to an integrated transport utility providing an end-to-end solution from its port gate to customer gate.

India's Enron Moment? Gautam Adani slips to No 30 among the top rich

Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by USD 80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The group has denied allegations, calling them "malicious", "baseless" and a "calculated attack on India". SELL-OFF: Since the Hindenburg report, the .