Page 13 - Adani Group

Adani group to hold fixed-income investor roadshow in Asia next week

The group is boosting outreach to investors after its bonds and stock slumped following a critical report from short-seller Hindenburg Research published last month

Supreme Court rejects plea to stop media from reporting on Adani-Hindenburg

Last week, SC had reserved orders on constituting an expert committee to review the regulatory mechanism in India to protect the investors

A month after Hindenburg report: It's business as unusual for Adani Group

As on December 2022, retail investors held between 1 per cent and 11 per cent in the 10 Adani group stocks

Bank of Baroda CEO Chadha says willing to continue lending to Adani group

Bank of Baroda will extend loans to the conglomerate if it meets the lender's underwriting standards, said Sanjiv Chadha

Adani firms continue to fall; some hit lower circuit intra-day trade limits

Most of the Adani Group firms continued to remain weak on Friday amid an overall bearish trend in the equity market. The stock of Adani Transmission fell 5 per cent, Adani Green Energy slipped 5 per cent, Adani Total Gas (5 per cent) and Adani Enterprises (4.98 per cent) on the BSE. Shares of Adani Power dipped 4.98 per cent, NDTV dropped 4.05 per cent and Adani Wilmar went lower by 3.35 per cent. However, Ambuja Cements advanced 2.45 per cent, Adani Ports climbed 1.24 per cent and ACC (0.03 per cent). Shares of eight Adani Group firms out of the ten listed entities had ended in the negative territory on Thursday. Adani Group firms had fallen sharply on Wednesday, with all the listed firms ending in the red. On Friday, the BSE Sensex fell 141.87 points or 0.24 per cent to settle at 59,463.93. In a bearish trend, the BSE benchmark has tumbled 1,855.58 points or 3 per cent since February 16. Adani Group stocks have taken a beating on the exchanges after US-based short seller Hinden

Bank of Baroda to consider all borrower requests, including Adani, on merit

"Irrespective of borrower, you have underwriting standards and you stick to them in good times as well as bad times," Sanjiv Chadha, CEO and MD, at Bank of Baroda

Adani Total to start operations at LNG terminal in Dhamra by mid-June

Adani Total Private Ltd will receive its first LNG cargo at the Dhamra terminal on India's east coast in April and expects to start commercial operations 30 to 45 days after receiving the shipment

PineBridge looks past Adani Group saga to load up on stocks in India

The stock meltdown offered an entry point into what's historically an expensive market, according to Kelly, who also sits on PineBridge's management committee

LIC's investment in Adani Group stocks now stands close to cost: Report

On January 30, the country's largest insurer had said that it had Rs 26,000 crore of gains in the Adani Group stocks, now this stands at just over Rs 3,000 crore

Shares of 8 Adani Group firms ended the day in negative territory

Shares of eight Adani Group firms out of the ten listed entities ended the day in the negative territory, extending their previous day decline, amid an overall weak trend in the equity market. On Thursday, Adani Transmission stock declined by 5 per cent, Adani Green Energy dipped 5 per cent, Adani Total Gas (4.99 per cent) and Adani Power (4.98 per cent) on the BSE. Shares of Adani Wilmar fell 3.97 per cent, Adani Enterprises slipped 1.51 per cent, ACC (0.82 per cent) and NDTV (0.45 per cent). Some of the group firms also hit their lower circuit limits during the day. However, two group firms managed to end the trade in the green, with Adani Ports climbing 0.96 per cent and Ambuja Cements gaining 0.43 per cent. Shares of Adani Group firms had fallen sharply on Wednesday, with all the listed firms ending in red. In the broader market, the BSE Sensex fell 139.18 points or 0.23 per cent to settle at 59,605.80, registering its fifth day of decline. Adani Group stocks have taken a be

Adani Group Rout has room to run as charts show 85% call still valid

The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani's empire may still extend declines to the 85% downside flagged by Hindenburg Research

Truckers transporting cement say Hindenburg report godsend in Adani dispute

For weeks, around 7,000 truck owners and drivers in India's Himachal Pradesh resorted to protest rallies against Adani's Dec. 15 decision to shut two cement plants over a dispute on freight rates

Hindenburg fallout: Adani Group decreasing exposure to Indian banks

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

Fresh blow to Adani after Wikipedia claims entries on group manipulated

In its report, The Signpost alleged that over 40 sock puppets or undeclared paid editors created or revised 9 articles on the Adani family and their businesses

Sri Lanka okays two Adani Group power plants with investment over $400 mn

According to the BOI, the two wind power plants of 350 MW which are scheduled to be commissioned in two years, and would be added to the national grid by 2025

Adani's older brother plays opaque, powerful role at embattled dynasty

Vinod Adani, through several close associates, manages a vast labyrinth of offshore shell entities," the report said identifying entities in Mauritius, Cyprus, the United Arab Emirates

Why seek hearing of 2019 case against Adani now: High Court to SFIO

The Bombay High Court on Wednesday in jest remarked if the Serious Fraud Investigation Office (SFIO) has sought hearing of a 2019 case involving Adani Enterprises, its Chairman Gautam Adani and Managing Director Rajesh Adani now because of the scenario outside, an apparent refence to a damning report on the Indian conglomerate released by a US-based investment research firm. A petition was filed by Adani Enterprises in 2019 seeking to quash a sessions court order of the same year refusing to discharge the company, Gautam Adani and Rajesh Adani from a case of alleged violations of market regulations involving nearly Rs 388 crore. In December 2019, the high court stayed the sessions court order. This stay order came to be extended from time to time till February 2022. Last week, the SFIO, a multi-disciplinary organization under the Ministry of Corporate Affairs, sought for the matter to be placed for hearing following which it was listed before a single bench of Justice R G Avachat .

The Adani affair

Doubts about India's corporate governance norms and integrity of its financial markets?

No respite for Adani Group firms from market carnage, loses over $140 bn

The total market cap of the group has now been reduced to just Rs 7.6 trillion, down from more than Rs 20 trillion at the start of the year

Handing over of Haifa Port to Adani, a reflection of trust: Israeli Envoy

Israel's handing over of the strategic port of Haifa to Indian company, the Adani Group, is a reflection of the trust that the country has on India, Israeli Ambassador Naor Gilon said on Wednesday. At a media briefing, the envoy also said that both India and Israel are keen on finalising the proposed free trade pact as it could further boost overall bilateral trade ties. Gilon indicated that there could be a forward movement on the Free Trade Agreement (FTA) during the upcoming "high-level" visit. Describing defence ties between the two countries as very strong, he said Israel has an advantage to support India in its efforts to become self reliant in defence manufacturing because of the "long-standing" trust in the area between the two countries. On the Adani Group acquiring the Haifa port last month, Gilon said it was sign of Israel's trust on India and it could boost bilateral trade. It was a very important move from our side as Haifa is a strategic port, he said. The Adani Grou