Adani Enterprises

On Monday, Adani Group said that the transactions that have been inquired about in an FT report have been publicly disclosed

Embattled Adani Group is looking at a 20 per cent growth in earnings across businesses spanning from sea ports to airports, edible oil and commodities, energy, cement and data centres, to repay about USD 23 billion of debt over the next 3-4 years in a comeback strategy, sources said. Adani group executives have met bankers, bond holders, analysts and investors from Singapore to the US in the last three weeks to address stakeholders' concerns in the aftermath of a damning US short seller report that ripped off USD 135 billion in market value of listed companies of the conglomerate. Sources aware of the development said Adani at these roadshows presented the growth story of the sprawling conglomerate that is refocusing its energies on higher efficiency in business and bringing down debt rather than breakneck speed expansion. The group saw a 20 per cent growth in EBITDA or earnings before interest, taxes, depreciation, and amortization, helping it pare debt. Between 2013 and 2022, ...

As a result, the combined market capitalisation of the group rose by over Rs 20,000 crore

The slide in the stocks resumed after a report by The Ken claimed that the Adani group has not completely repaid its loans taken against the promoters' shares

Stocks to Watch: RIL/ONGC/Oil India may be in focus as the windfall tax on crude petroleum has been reduced to Rs 3,500/tonne from Rs 4,400/tonne

Adani Enterprise, Adani Power and Adani Wilmar may rise up 35 per cent upon conquering key hurdles

Hindenburg fallout: Adani Group suspends work on Rs 34,900 cr petchem project

Shares of seven Adani Group companies out of the ten listed entities settled higher on Friday, with Adani Enterprises jumping 2 per cent amid a positive momentum in equity markets. At the close of the session, seven of the group firms including Adani Enterprises closed in the green territory while three were in the red. Shares of Adani Enterprises climbed 1.88 per cent to settle at Rs 1,877.15 per scrip on BSE. The flagship firm's market valuation rose to Rs 2.13 lakh crore. Adani Transmission closed at Rs 1,024.85 and Adani Green Energy at Rs 816.80. The scrip of these companies bounced 5 per cent each and also closed at their upper price bands on the bourse. Shares of Adani Wilmar jumped 1.52 per cent to end at Rs 427.35 apiece, Adani Total Gas rose 1.07 per cent to settle at Rs 897.95 and Adani Power went up 0.60 per cent to close at Rs 199.95. Also, shares of Adani Ports and Special Economic Zone (APSEZ) gained 0.14 per cent to settle at Rs 680.10 per scrip on the BSE. On the

This comes after questions were raised about his status following short-seller Hindenburg Research naming him prominently in its January report

Elara holds a 1.6 per cent stake in Adani Enterprises, 3.62 per cent in Adani Transmission and 1.62 per cent in Adani Total

Ambuja Cements and Adani Enterprises were also among the top five large-cap companies that witnessed selling by MFs

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

Flags interest rate risks, uncertainty on cash flow mismatches

Shares of Adani Group companies closed higher on Wednesday, with the flagship Adani Enterprises closing at a month's high following a six-day gaining streak. Some of the group stocks also hit their upper circuit levels after the group announced that 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. The NSE and the BSE on Monday announced that the flagship Adani Enterprises will be moved out from the short-term additional surveillance measure (ASM) framework, which also bolstered the group stocks. Adani Enterprises shares climbed 2.86 per cent to end at Rs 2,039.65 on the BSE to extend gains for a sixth day on the trot. The market capitalisation of the flagship firm rose to Rs 2.32 lakh crore as the stock soared nearly 70 per cent in the six-day rally. In addition, shares of Adani Ports and Special Economic Zone (APSEZ) spurted 3.22 per cent to settle at Rs 712.75. Adani Power closed higher

Adani Group: The repayment of the loan will release the pledge on shares of promoters in four Adani Group companies, Adani Enterprises, Adani Ports, Adani Green Energy and Adani Transmission

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

Meanwhile, all ten group stocks had gains on Wednesday, the first time since the Hindenburg report was released in January

Since January 24, the market value of 5 Adani group companies - Adani Total Gas, Adani Green Energy, Adani Transmission, Adani Power and Adani Enterprises - has declined between 52% and 83%

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

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