Adani Port And SEZ

Fitch Ratings on Thursday affirmed its 'BBB-' rating on Adani Ports and Special Economic Zone Limited with a stable outlook, saying the Hindenburg report has a limited near-term impact on APSEZ's cost of funding. Hindenburg Research in a January 24 report accused Adani group of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The group has dismissed the charges as lies, saying it complies with all laws and disclosure requirements. "Fitch Ratings has affirmed India-based port operator Adani Ports and Special Economic Zone Limited's (APSEZ) Long-Term Foreign-Currency Issuer Default Rating (IDR) at 'BBB-'. The Outlook is Stable," it said. The Hindenburg report alleging significant governance issues for the Adani Group has triggered a sharp fall in Adani Group entities' equity and bond prices. "The affirmation reflects its view that the Hindenburg report alleging governance issues at the Adani group has a limited

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

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: 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

Stocks to watch: From SpiceJet to Indian Oil Corporation, here are top stocks likely to be in action in Monday's trading session

Singapore investor, Temasek Holdings (Private) Limited, remains invested in Adani Ports and Special Economic Zone even though the Indian conglomerate is facing criticism from a US-based forensics research institution, according to a media report. Temasek remains invested in Adani Ports, as per their latest public shareholding disclosures, The Straits Times reported on Monday, citing a spokesman for the 49-year-old state-owned investor which has USD 496.59 billion in assets under management as of December 2022. Temasek, through its subsidiary Camas Investments, owns just over 1.2 per cent in Adani Port, the Singapore broadsheet reported, citing the company's shareholder information. The stake was acquired in 2018 for around SGD 147 million. The Temasek spokesman also said the group does not comment on market speculation. The Adani Group also runs an edible oil and food business in India called Adani Wilmar via a joint venture with Singapore-listed Wilmar International. The Group h

Ministry is concerned about wider repercussions of Supreme Court decision to revoke the firm's disqualification

Govt has already told agitators that construction work won't be stopped, but is said to have accepted all their demands

The value of investments in Adani firms more than double in the past year

Deal to be a share swap, with issuance of 47.7 million APSEZ shares to the erstwhile GPL promoters; post-transaction, GPL will become a fully-owned subsidiary of APSEZ

Stocks to watch today: Akash M Ambani will take over as non-executive director and chairman of the board of directors of Reliance Jio; Tata Motors will hike prices of CVs by 1.5 to 2.5 per cent.

Minister asks for plan to build mega ports by 2047, develop new technologies

The contract was for upgrading a container terminal in Navi Mumbai; Adani counsel urges top court to restrain JNPA from proceeding with other bids

NTPC, Adani Ports, Coal India, M&M and BPCL can rise higher, indicates technical charts

The Mauritius-based funds invested in firms that ended up defaulting or were investigated for wrongdoing.

Analysts said a freeze of the FPI accounts, as reported by some media outlets, could have prompted global index providers to cut weighting of four Adani group companies from their global indices

Shares recoup some losses after company, NSDL, FPIs deny report

Group's listed stocks' P/E of 102x over three times Sensex's 33x

Total expenses declined to Rs 2,526.91 crore against Rs 3,099.18 crore.

MELBOURNE (Reuters) - S&P Dow Jones Indices said on Tuesday it has removed India's Adani Ports and Special Economic Zone Ltd from its sustainability index due to its relationship with Myanmar's military and their alleged human rights abuses.