The seven listed companies of the Adani group, which is controlled by world's third richest man Gautam Adani, have an 85% downside on a fundamental basis due to sky-high valuations
The net worth of Gautam Adani, the chairman of Indian conglomerate Adani Group, now stands at $120 billion while Jeff Bezos net worth rose to $121 billion
Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower
Stocks to Watch: Shares of Axis Bank, Canara Bank, IDBI, Jindal Stainless and Tata Communications will be in focus ahead of Q3 results on Monday.
AEL will be investing $70 billion in incubating new businesses and at the group level we will be investing close to $107 billion in the next decade, Singh says
The FPO is targeted to create wealth for the retail shareholders, says Gautam Adani
The corporate house plans to spin off, or demerge, its metals, mining, data centre, airports, roads and logistics businesses, said Jugeshinder Singh
Pricing at a discount but shorting the stock ahead of the FPO won't be as straightforward
The share sale 'allows us to increase the participation of the Indian public. Every household of rural India can invest in it'
Shares of Adani Enterprises have soared 78.41 per cent so far this fiscal year (FY23), as against 4.2 per cent rise in the S&P BSE Sensex
As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries
No interest to enter telecom sector, says Group CFO
The FPO will open for subscription on January 27 and close on January 31, while the anchor investor's portion will be open a day earlier, the company said
Adani Enterprises' unit Adani Data Networks purchased airwaves worth nearly $27 million in the country's 5G auction last year
The company is tapping industry opportunities, such as green hydrogen, the aviation sector and data centers
Saab and the Adani Group had announced their partnership on August 31, 2017
"Restoring ecosystems, reversing loss of biodiversity, and reducing soil erosion are all essential for building a greener world," Gautam Adani said
Will be first to issue partly-paid up shares
Group president Suparna Singh, chief strategy officer Arijit Singh and chief technology officer Kawaljit Singh Bedi exit firm
NDTV made several failed times to block the takeover, citing regulatory restrictions on moving shares