Page 4 - Gautam Adani

BlackRock emerges as largest investor in Adani's $750 mn bond issue

Funds managed by BlackRock, the global investment behemoth, emerged as the largest subscribers of the USD 750-million private bond issuance by the Adani Group. The US-based asset manager, overseeing USD 12 trillion in assets, has taken on one-third of the USD 750 million issuance, which carries a tenure of 3-5 years, sources with direct knowledge of the matter said. This investment comes at a time when Adani Group officials are under scrutiny following a US Department of Justice (DOJ) indictment in a bribery case in November last year. BlackRock's move marks its first private placement in India's infrastructure sector -- a segment the firm is increasingly bullish on. "Infrastructure is one of the most exciting long-term investment opportunities, as a number of structural shifts re-shape the global economy," BlackRock Chairman Larry Fink had stated in January 2024, following the company's USD 12.5-billion acquisition of Global Infrastructure Partners (GIP), a major player in ports,

Adani restores power supply to Bangladesh as regular payments resume

Adani Power Ltd had halved electricity supply to Bangladesh from its 1,600 megawatt coal-fired plant in Jharkhand in November following a series of missed payments by Dhaka

Hurun Rich List 2025: Elon Musk world's richest; check who trail him

The report noted that since the wealth cut-off date of January 15, 2025, Elon Musk's fortune has declined by nearly $100 billion

Eyeing 1,600 MW expansion plan, Adani Energy acquires Mahan Transmission

Adani Energy Solutions on Thursday announced acquisition of a project special purpose vehicle Mahan Transmission, which will evacuate 1,230 MW power from Adani Power's upcoming 1,600 MW expansion units at Mahan in Singrauli district. The company has on 26th March, 2025... executed share purchase agreement with REC Power Development and Consultancy Ltd for acquiring 100 per cent equity shares of Mahan Transmission Ltd (MTL), a regulatory filing said. According to the filing, equity shares are being acquired at a face value of Rs 10 each for a cash consideration. It also stated that the acquisition is completed and the total authorised and paid-up share capital of the MTL is Rs 5 lakh. The MTL is incorporated in India and was registered with the Registrar of Companies, New Delhi, on November 20, 2024. This acquisition is proposed to further AESL's strategy for enhancing value for its shareholders through organic as well as inorganic opportunities. The MTL will evacuate 1,230 MW of

Adani Group eyes Jaiprakash Associates acquisition by insolvency route

Business conglomerate Adani Group has shown interest in acquiring Jaiprakash Associates Ltd (JAL) through an insolvency process, according to sources. Jaypee Group's flagship firm JAL, which is into cement, power, hotels, construction and real estate businesses, has been admitted into the corporate insolvency resolution process under the Insolvency and Bankruptcy Code, 2016, through an order dated June 3, 2024, passed by the National Company Law Tribunal, Allahabad Bench. Sources said that Adani Group has submitted an Expression of Interest (EOI) to acquire the bankrupt JAL. Earlier this month, the National Company Law Tribunal (NCLT) directed that the resolution plans to acquire JAL through the insolvency process should be invited for the entire company as a going concern and not by dividing its different business verticals. The JAL's total outstanding loans from banks and financial institutions stood at Rs 55,493.43 crore as of February 20, 2025. The company also recently inform

Adani Group defends key projects amid alleged environmental law violations

Adani Group is defending itself against allegations made in India's National Green Tribunal that it started work on a $2 billion power plant without waiting for environmental clearance

Why Trump 2.0 could play spoilsport for India's coddled billionaires

The sudden enthusiasm for the businesses of Trump's head of government efficiency has a clear message for India's billionaires: They're being cut loose

Gautam Adani, brother Rajesh get court relief in Rs 388 cr cheating case

The case involves alleged breaches of market regulations amounting to Rs 388 crore, for which the Serious Fraud Investigation Office (SFIO) filed a chargesheet in 2012

HC discharges Gautam Adani, Rajesh Adani in market regulations case

When the offence of cheating itself is not made out, then even the charge of criminal conspiracy becomes unsustainable, it added

Navi Mumbai airport to be inaugurated in June, says Gautam Adani

The upcoming Navi Mumbai International Airport will be inaugurated in June, Adani Group Chairman Gautam Adani said on Sunday. Earlier, it was set for inauguration on April 17. The greenfield airport -- the second such facility in the Mumbai Metropolitan Region after the Chhatrapati Shivaji Maharaj International Airport -- is being developed by a special purpose vehicle, NMIAL, which is a 74:26 joint venture between Adani Airport Holdings Ltd (AAHL) and City and Industrial Development Corporation of Maharashtra (CIDCO). Prime Minister Narendra Modi in February 2018 laid the foundation stone for the new airport, which is coming up at an investment of Rs 16,700 crore with an aim to reduce the congestion at the capacity-constrained Mumbai Airport, along with meeting the soaring demand for air travel in the country. "A glimpse into India's aviation future! Visited the Navi Mumbai International Airport site today a world-class airport taking shape. Set for inauguration this June, it wil

Indian govt asks Ahmedabad court to serve US SEC summons to Gautam Adani

The summons would require Gautam Adani or his legal counsel to appear in the case in the United States

Roshni Nadar Malhotra third richest Indian after stake 'gift', shows data

As per the Bloomberg Billionaires - India list, Mukesh Ambani remains the richest Indian with a net worth of $88.1 billion, followed by Gautam Adani at $68.9 billion

SC refuses to stay Dharavi project, asks Adani to maintain separate account

The SC ruling follows Seclink Technologies' challenge to Maharashtra's decision to award Asia's largest urban rehab project to Adani Group, disputing the bidding process

Adani Wilmar to buy GD Foods to expand its value-added products portfolio

The edible oil major also said the 'Tops' brand is among the top three players in the tomato ketchup and pickles category

Elon Musk tops superbillionaires index; Ambani, Adani join exclusive club

Superbillionaires hold over 16 per cent of the total wealth among billionaires, a sharp rise from just 4 per cent a decade ago in 2014, according to Altrata data

Mukesh Ambani and Gautam Adani announce Rs 50,000 crore investment in Assam

Advantage Assam 2.0 Summit: This announcement comes a day after Adani announced a Rs 2.1 trillion investment in Madhya Pradesh during the Madhya Pradesh Global Investors Summit in Bhopal

MPGIS 2025: Talks underway on setting up Deregulation Commission, says PM

Speaking at the MP Global Investors Summit 2025 in Bhopal, Adani mentioned that the Adani Group is in talks with the state government for additional investments

Gautam Adani pledges to invest Rs 1.1 trn across sectors in Madhya Pradesh

Global Investors' Summit 2025: The Adani Group plans to fund projects in pumped storage, cement, mining, smart meters, and thermal energy, aiming to create over 1,20,000 jobs in Madhya Pradesh by 2030

Adani Group releases tax transparency reports to rebuild investors' trust

The reports, published independently by seven of the group's listed entities, detail direct and indirect tax contributions across global

'Not a personal matter': Rahul Gandhi slams PM Modi over Adani bribery case

Last year, US Department of Justice accused Adani of being involved in a plan to pay a bribe of over $ 250 million to secure the solar power contracts in the US, worth billions of dollars