Adani chose to forgo short-term victory of nailing the follow-on offer to protect his longer-term relationships with marquee investors who otherwise were staring at some embarrassing mark-to-market
India's ministry of corporate affairs has started a preliminary review of Adani Group's financial statements and other regulatory submissions made over the years
Upheaval gripping AEL may expose billionaires, including Wilmar International, controlled by family of the richest person of Malaysia and world's second-richest Walton family, to the market turmoil
Friday was a relatively less damaging day in the stock rout that's wiped out about $112 billion from 10 Adani Group firms since US-based Hindenburg report
Adani Enterprises to review capital raising plans once shares stabilise
In past seven trading days, the total market capitalisation (market-cap) of 10 Adani group companies has eroded by nearly Rs 10 trillion or 52 per cent to Rs 9.27 trillion in Friday's intra-day trades
Hindenburg Research on January 24 accused the Adani group of using offshore shells for money laundering and fraud
Stocks to watch today: The National Stock Exchange (NSE) on Thursday shifted Adani Enterprises, Adani Ports, and Ambuja Cements to a category of stocks that require up to 100 per cent trading margins
AEL pulled the plug on its fully-subscribed $2.4 billion (Rs 20,000-crore) follow-on public offering FPO
The fall was triggered by short seller Hindenburg Research's accusation against the group of accounting fraud and stock manipulation
The bank said in the memo it has decided to remove lending value "to all Adani issued securities with immediate effect"
When a stock is included in the ASM list, it serves as a warning to the investors about unusual activity in the stock
Given the unprecedented situation and the current market volatility, Adani Enterprises has cancelled its Rs 20,000 crore follow-on-offer (FPO)
Stocks to watch today: The Board of Adani Enterprises (AEL) has announced that it will not go-ahead with the fully subscribed Follow-on Public Offer (FPO)
The Adani family was the fastest gainers among billionaire's for three consecutive years in CY20, CY21 and CY22
A Bloomberg report said that Credit Suisse Group AG has stopped accepting bonds of Gautam Adani's group of companies as collateral for margin loans
The Swiss lender's private banking arm has assigned a zero lending value for notes sold by Adani Ports and Special Economic Zone, Adani Green Energy and Adani Electricity Mumbai Ltd
Shares of Adani Total Gas were locked in the lower circuit for the fourth straight day, down 10 per cent at Rs 1,901.65 on Wednesday.
Adani on Friday added about $300 million worth of shares for a loan made by a group of banks including Barclays Plc, one of the people said, asking not to be named discussing internal matters
The fully subscribed offering removes one overhang for India's $3.2 trillion stock market, which recently dropped out of the world's five biggest by value