Page 5 - Adani Enterprises

Adani no longer Asia's richest person as stock rout deepens to $74 billion

Wednesday's stock losses saw Gautam Adani slip to 10th on Forbes rich list with an estimated $84.1 billion, just below rival Mukesh Ambani

Top headlines: Budget to push spending, Adani's FPO sails through, and more

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Adani group stock rout takes India out of top-five on market capitalisation

The close to $70 billion rout in Adani Group stocks has seen the domestic market slip to sixth position in the world

Adani group tops up collateral on $1 billion loan after stock rout

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

Hindenburg report: Sebi discusses Adani firms with ratings agencies

SEBI asked about the maturity profile of Adani Group debts, its liquidity, the founder's leverage and the overall rating process

Mixed day for Adani group stocks, market capitalisation unchanged

The flagship firm Adani Enterprises rose nearly 3.4 per cent after its follow-on share sale managed to sail through

Adani Group pulls off $2.5 billion share sale after jump in final bids

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

Adani Enterprises FPO: Issue fully subscribed on the last day with NII push

Adani FPO: The interest from retail individual investors has been low, with only 11 per cent quota subscribed

Adani FPO fully subscribed after non-retail investors bid in big volumes

The Rs 20,000 crore share sale of Adani group's flagship firm was fully subscribed on Tuesday after non-retail investors bid in big volumes, according to stock exchange data. As many as 4.62 crore shares were sought as against an offer of 4.55 crore. Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed, according to BSE data. There was, however, muted response from retail investors and company employees. Retail investors, for whom roughly half of the issue was reserved, bid for just 11 per cent of the 2.29 crore shares earmarked for them. Employees sought 52 per cent of the 1.6 lakh shares reserved for them.

How the 'Madoffs of Manhattan' can unravel billionaire Adani's empire

According to Hindenburg, Adani insiders already own more than 75% of four publicly traded subsidiaries with the aid of offshore shell entities

Adani's $2.5 bn FPO faces critical final day amid Hindenburg turmoil

Adani is seeking to execute the landmark share sale just as it refutes allegations by Hindenburg that the Indian conglomerate used a web of companies in tax havens to inflate revenue and stock prices

'No worry': Punjab National Bank allays concerns about Adani group exposure

Bank reports 44.2% decline in Q3 net profit as NPA provisions, costs rise

Counting losses: Adani group stock rout hits Rs 5.6 trillion in 3 days

Shares of Adani Green Energy and Adani Total Gas hit the 20 per cent lower circuit for a second day, closing at Rs 1,189 and Rs 2,342, respectively

Rating firms seek exposure details from lenders on Adani companies

Rating agencies seek exposure details from lenders; their exposure amounts to 38% of the group's total debt

LIC has not received board mandate to invest beyond Rs 300 cr in Adani FPO

Will engage with Adani management for clarifications Hindenburg charges

Adani group's market rout hits $72 bn as fight with Hindenburg escalates

The three-day selloff has now erased nearly $72 billion of market value amid a share sale by Adani's flagship that was meant to underline the tycoon's ascension on the global stage

Adani Group CFO says stocks rout similar to colonial-era massacre

'This is not merely an unwarranted attack on any specific company but a calculated attack on India'

Abu Dhabi-based firm IHC to invest $400 mn in Adani Enterprises FPO

IHC subscribed to 16 per cent of Adani Enterprises worth USD 2.5 billion FPO

Maybank says no impact from subscription to Adani's share offering

Subscriptions to Adani Enterprises' offering were client subscriptions and fully funded by client funds, the bank told Reuters in an emailed statement

Adani risk casts doubt on Wall Street's star emerging-market bet

The Adani Group dismissed the report as "maliciously mischievous" and said it's exploring legal action