For Q3FY23, Adani Enterprises' consolidated profit after tax (PAT) came in at Rs 820 crore as against a loss of Rs 12 crore in the same quarter last fiscal (Q3FY22)
The Central government has agreed to form an expert committee to strengthen the regulatory regime in order to ensure that market investors are protected.
Adani Enterprises has been in the spotlight since January 24 when the US-based short-seller Hindenburg Research released a report stating that its shares are overvalued
Its market regulator yet to share prelim report with India
SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises
Changes to become effective on Feb 28; move triggers fresh selloff
Adani Ports and Special Economic Zone, Adani Wilmar, ACC, Ambuja Cements and New Delhi Television (NDTV) are down in the range of 1 per cent to 5 per cent.
MSCI said it had reduced the free floats of Adani Enterprises, Adani Total Gas, Adani Transmission and the Associated Cement Companies, the report said
Questions 'characteristics' of certain investors; validation of findings, says Hindenburg founder
According to the report, the repayment was meant to avoid any further damage to investor confidence
The changes would not have a major impact on the overall risk scores, a Sustainalytics director said
Adani Enterprises locked 10 per cent lower circuit, while Adani Ports, Adani Power, Adani Transmission, Adani Total Gas, Adani Green Energy and Ambuja Cements were down up to 6 per cent
Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets last year
Shares of Adani Enterprises rallied 14 per cent to Rs 2,049.60 in Wednesday's intra-day trade, and have zoomed 102 per cent from its intra-day low of Rs 1,017.10 touched on Friday February 3.
Followed regulations while making investments: LIC
Domestic banks may become main source of funding for conglomerate if its access to int'l markets is curtailed
Adani Enterprises, Adani Ports and Special Economic Zone (APSEZ), ACC, Ambuja Cements, and Adani Green Energy, too, rallied in the range of 2 per cent to 7 per cent
The Adani group stocks have shed Rs 9.4 trillion in market value since June 24
Probe into Hindenburg report promises to be government-led, for the moment
Adani Enterprises Ltd. has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout