Sensitive rehab, retaining local jobs key challenges in Adani's mega project
Billionaire Gautam Adani's group has found investors willing to sell over 53 lakh shares of NDTV despite the deep discount to the stock's current trading price, giving it the rights - which it may or may not exercise - to nominate a chairman of the broadcaster. The open offer, made after Adani group acquired a little known firm that gave it an indirect holding over 29.18 per cent stake in New Delhi Television (NDTV), closes on December 5, according to a stock exchange notification. Against the offer to buy 1.67 crore shares, or 26 per cent of equity - from NDTV's minority investors at a price of Rs 294 apiece, Adani group has received offers for 53.27 lakh shares, according to data available on the National Stock Exchange (NSE) website. Corporate investors have offered the most at 39.34 lakh shares while retail investors have offered a little over 7 lakh shares. Qualified institutional buyers (QIBs) have tendered 6.86 lakh shares, according to the NSE data which did not identify ...
Experts foresee two-rupee dip as transmission bottlenecks ease over next few years; Adani group is setting up two dedicated transmission lines covering eastern and western corridors
Sensitive rehab, retaining local jobs key challenges in Adani's mega project
Kerala Transport Minister Antony Raju said that the Adani Group approached the High Court requesting the security cover of central forces in its port construction site in Vizhinjam
The Adani Group on Friday moved the Kerala High Court seeking the assistance of central forces to continue with construction at the Vizhinjam seaport in Thiruvananthapuram which was marred by violent protests recently halting the work. Justice Anu Sivaraman, while hearing a plea filed by the Adani Group against obstruction and blockade due to protests, asked the state and central governments to discuss the possibility of deploying the central forces. The court asked the state and central governments to file their reply with regard to the petition by the Adani Group and the matter will be further heard on December 7. Meanwhile, the state government informed the court that cases were registered against numerous persons, including the Bishop, with regard to the violence and five persons were arrested. However, the Adani Group told the court that many accused in the case, including many priests, are still at the protest site. The Group also alleged that the police investigation in the
Since its inception, NDTV's strength has been questioning the establishment on every side of the ideological divide
Adani currently holds 63.15 per cent stake in Ambuja Cement and 56.69 per cent in ACC
The spirit was matched by industrialists - the who's who of India Inc who were present on Thursday, the first day of the investment conclave
Redevelopment is fraught with problems
Top 500 companies in Burgundy Private Hurun India's list are worth $2.7 trillion
Adani Green Energy Ltd on Thursday said it has raised 27,954 million Japanese Yen (around Rs 1,630 crore) through its subsidiary Adani Solar Energy AP Six to refinance its existing indebtedness. The project loan facility is supported by MUFG Bank and Sumitomo Mitsui Banking Corporation with equal participation, a company statement said. This is an excellent result for AGEL, showing strong support from our lenders and demonstrates our ability to access bank debt at competitive terms in sync with the underlying asset development model to provide a long-term solution, said Phuntsok Wangyal, CFO, Adani Green Energy. Latham & Watkins LLP and Cyril Amarchand Mangaldas acted as legal counsels for the transaction.
Ravish Kumar has been an integral part of NDTV for more than two decades and has been conferred with the prestigious Ramon Magsaysay award and Ramnath Goenka Excellence in Journalism Award twice
This is the fourth straight day that the stock has hit the upper circuit, BSE data showed
Sudipta Bhattacharya, Sanjay Pugalia, Senthil Chengalvarayan were appointed as the Roys stepped down
Tuesday night development completes Round 1 of Adani group's acquisition plan; Round 2 to conclude next week
Is Adani Group emerging as the next Tatas? What explains rural-urban divide despite more job creation? Will Indian equities be able to tide over emerging risks? What is climate finance? Answers here
Gautam Adani is trying to significantly expand his conglomerate. But why is he pursuing such a strategy, when large diversified conglomerates continue to be seen as dinosaurs in the West?
Stocks to Watch Today: According to reports, Zomato is likely to witness a block deal on Wednesday.
This means that the existing and longstanding promoters and management of NDTV has exited the company. The Adani group takeover is thus complete