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
So far in the last two months, the Adani Group now have prepaid share-backed financing up to $2,016 mn as part of the promoters' commitment to cut overall leverage.
Gautam Adani was the world's third and Asia's richest man a month back but a damning report by a US firm triggered a massive sell-off in shares of his apples-to-airport group, plunging his own wealth by USD 80 billion and the tycoon slipping to No.30 on the world billionaire index. Adani's sprawling conglomerate, which spans from sea ports to airports, edible oil and commodities, energy, cement and data centres, is under attack by US short-seller Hindenburg Research, which successfully deflated electric-vehicle maker Nikola Motors in 2020. Hindenburg, which held short positions in unidentified shares of Adani Group firms through its US-traded debt and offshore derivatives, on January 24 accused the conglomerate of "brazen stock manipulation and accounting fraud" and using a number of offshore shell companies to inflate stock prices. The group has denied allegations, calling them "malicious", "baseless" and a "calculated attack on India". SELL-OFF: Since the Hindenburg report, the .
Of all the debt the Adani Group has, over half is foreign debt in the form of overseas bonds and loans taken from foreign banks, and a fourth is from domestic banks
Shares of Adani Group firms ended on a mixed note on Thursday after rallying in the morning trade amid volatile trend in the broader market. Adani Wilmar stock climbed 5 per cent, NDTV rallied 4.99 per cent, Adani Power jumped 4.97 per cent, Adani Ports advanced 1.45 per cent, Adani Enterprises ended 1 per cent higher and Ambuja Cements advanced 0.99 per cent on the BSE. However, shares of Adani Total Gas tanked 5 per cent, Adani Transmission fell 4.93 per cent, Adani Green Energy dipped 0.69 per cent and ACC declined 0.55 per cent. In the broader market, the BSE Sensex ended marginally higher by 44.42 points or 0.07 per cent at 61,319.51. Most of the Adani Group stocks had ended higher on Wednesday. Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the group despite a share rout triggered by a damning report by a US short-seller. Grou
Adani Enterprises Q3 results: The net standalone profit in Q3FY23 was Rs 269.71 crore as compared to a loss of Rs 36.46 crore in Q3FY22
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
SBICAP Trustee said it had received the pledges in its capacity as "security trustee" of the lenders of Adani Enterprises
BJP Lok Sabha member and former Union Minister Ravi Shankar Prasad on Wednesday alleged in Parliament that the Gandhi family was mired in corruption, and while themselves being out on bail
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
AEL pulled the plug on its fully-subscribed $2.4 billion (Rs 20,000-crore) follow-on public offering FPO
Regulator should look into allegations against Adani Enterprises
Adani FPO: The interest from retail individual investors has been low, with only 11 per cent quota subscribed
Through circuit filters, stock exchanges limit the daily fluctuations in a stock to stop unduly fall or rise in prices
IHC money to come in on final day; Maybank Securities has subscribed for shares worth Rs 2,040 crore as anchor, LIC has submitted bids worth Rs 300 crore
Investor says it has 'confidence and belief in the fundamentals of Adani Enterprises'
It is ironic that a research outfit that has accused the Adani group of financial manipulation is named after a disaster that continues to haunt the world's hydrogen ambitions
Adani group questions report's timing, calls it malicious
Maybank, ELM Park large buyers in anchor category of FPO; MFs abstain