Page 7 - Adani Group

LIC's debt exposure in Adani group companies dips marginally to Rs 6,183 cr

LIC's debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, "The Life Insurance Corporation of India (LIC) has informed that its debt exposure to Adani Group of Companies, was Rs 6,347.32 crore and Rs 6,182.64 crore, as on December 31, 2022, and March 5, 2023, respectively". LIC has a debt exposure of Rs 5,388.60 in Adani Ports and SEZ as of March 5. The exposure in Adani Power (Mundra) was Rs 266 crore, Adani Power Maharashtra Ltd - Phase I (Rs 81.60 crore), Adani Power Maharashtra Ltd - Phase III (Rs 254.87 crore), Raigarh Energy Generation Ltd (Rs 45 crore) and Raipur Energen Ltd (Rs 145.67 crore), as per the reply. Sitharaman said five public sector general insurance companies have informed that they do not have loan/credit exposure to the Adani Group of Companies. "Public Sector Banks ha

No govt committee to probe Adani Group: Minister Pankaj Chaudhary

A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said

Rajasthan Congress holds protest against Adani Group issue in Jaipur

The Congress' Rajasthan in-charge Sukhjinder Singh Randhawa on Monday asked party workers to defeat Prime Minister Narendra Modi if they want to get rid of industrialists like Gautam Adani. Randhawa was addressing a protest meeting here against the BJP government at the Centre for not agreeing to form a joint parliamentary committee to look into the allegations made by the US firm Hindenburg against the Adani Group. Modi is destroying the country and the BJP at the Centre is selling the nation, so our fight is not with Adani but directly with the BJP, he said. Everyone is talking about Adani while they should be talking about Modi. His defeat is important to remove Adani, Randhawa said. The Congress held several protests Monday across the country over the Adani-Hindenburg issue. Rajasthan ministers, party MLAs and workers took part in the Jaipur protest held near the gate of Civil Lines Gate. Randhawa said, PM Modi has brought the East India Company in the form of Adani. Today, .

Govt has not set up any committee to probe Adani Group, says minister

The government has not set up any committee to probe allegations a US short seller labelled against the Adani Group, but stock market regulator SEBI is investigating market allegations against the group, the Lok Sabha was informed on Monday. A separate investigation into imports of Indonesian coal by the conglomerate hasn't reached finality, Minister of State for Finance Pankaj Chaudhary said. Lok Sabha saw several questions being put by MPs to the government on the Adani issue, which were replied through written responses by the minister. To a question asking if the government had constituted any committee to investigate allegations made against the Adani group by Hindenburg Research, he said, "No". In the January 24 report, US short seller Hindenburg Research alleged that the Adani group was "engaged in a brazen stock manipulation and accounting fraud", and used offshore shell companies to inflate stock prices. The group has denied all Hindenburg allegations, calling them ...

Sebi investigating market allegations against Adani Group: MoS Finance

Regulator Sebi is investigating market allegations against Adani group, whose 9 listed companies saw a 60 per cent decline in their market capitalisation between January 24 and March 1, Parliament was informed on Monday. Minister of State for Finance Pankaj Chaudhary said in the Lok Sabha that the volatility in the stocks of these companies have not had any significant impact at the systemic level. Nifty 50 declined by around 4.5 per cent during the same period. The Securities and Exchange Board of India (Sebi), as the statutory regulator of securities markets, is mandated to put in place regulatory frameworks for effecting stable operations and development of the securities markets including protection of investors. As per its mandate, it conducts investigations into any alleged violations of its regulations by any market entity, he said. "It is, accordingly, undertaking investigation into the market allegations against the Adani Group of companies. The nine listed companies formi

4 Adani group stocks locked in 5% upper circuits in weak market

Adani Group said it has completed full prepayment of margin linked share backed financing aggregating to $2.15 billion, well before committed timeline of 31 March 2023

Top headlines: Adani-Hindenburg saga continues, SVB crisis, and more

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Oppn to meet at Kharge's office ahead of 2nd phase of Budget session Monday

Opposition leaders will hold a meeting on Monday morning to firm up their floor strategy for the second leg of the Budget session as they gear up to corner the government on issues such as alleged misuse of probe agencies and the Adani row. The opposition leaders are expected to meet at Leader of Opposition in Rajya Sabha Mallikarjun Kharge's office in the Parliament complex at around 10 am, sources said. The Congress MPs will gather at the Congress Parliamentary Party office before the meeting to deliberate on the party's strategy, they said. The Congress is also set for a duel with the BJP over Rahul Gandhi's remarks in the UK over which the saffron party's leaders have been continuously attacking the former AICC chief. Opposition parties are gearing up to corner the government on issues such as alleged misuse of probe agencies to target their leaders, allegations against the Adani Group, border standoff with China, price rise and unemployment. The Congress continues to demand a

Adani-Hindenburg saga: Over dozen involved in short-selling under Sebi lens

Fund source, disclosures being examined

Adani block deal helps FPIs investment into equities turn positive in March

Reversing their selling trend, foreign investors have infused over Rs 13,500 crore in the Indian equities so far this month primarily driven by bulk investment from US-based GQG Partners in the Adani Group companies. This came following a net outflow of Rs 5,294 crore in February and Rs 28,852 crore in January. Prior to that, FPIs made a net investment of Rs 11,119 crore in December, data with the depositories showed. Going ahead, FPIs are likely to be cautious in their approach in the coming days as the collapse of the SVB Bank in the US has impacted sentiments in the market, V K Vijayakumar, Chief Investment Strategist at Geojit Financial Services, said. According to the data, Foreign Portfolio Investors (FPIs) invested Rs 13,536 crore in Indian equities till March 10. "This (inflow) is inclusive of the bulk investment of Rs 15,446 crore by GQG in the four Adani stocks," Vijayakumar said. Also, Nirav Karkera, Head of Research at Fisdom, said that a large share of the inflows is

Adani Group prepays entire financing for Ambuja Cements acquisition

The promoters have also prepaid a $500-million facility taken for Ambuja acquisition financing

Top headlines: India-Australia trade pact, SVB collapse, and more

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Top headlines: Reliance ups ante with Campa, Adani to sell stake in Ambuja

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MSCI ESG Research flags governance risks at Adani Group, changes assessment

"On March 3, we downgraded our assessment of the Hindenburg-related controversy cases to 'moderate' from 'minor' following new developments in the relevant cases

NSE, BSE to put 2 Adani firms under surveillance measures framework

Leading bourses NSE and BSE on Friday said two Adani Group firms -- Adani Transmission and Adani Total Gas -- will be put under the second stage of the long term additional surveillance measures framework. This will be effective from March 13, according to separate circulars. The move also comes close on the heels of the two exchanges putting Adani Enterprises, Adani Power and Adani Wilmar under the short-term additional surveillance measure (ASM) framework Stage - I from March 9. The bourses had also put NDTV and Adani Green Energy under the long term ASM framework Stage - II. The parameters for shortlisting securities under Additional Surveillance Measures (ASM) include high-low variation, client concentration, number of price band hits, close to close price variation and price earning ratio. The NSE and BSE said these companies have satisfied the criteria for inclusion under long term additional surveillance measures (Long Term - ASM). Applicable rate of margin shall be 100 pe

Adani group stocks gain for second week. add Rs 75,263 in market cap

This despite some group firms, including flagship Adani Enterprises, shedding some gains in past two trading sessions

7 Adani airports saw an increase of 133% in international travellers

Air traffic jumped by around 100 per cent compared to the previous year, taking the number to pre-pandemic levels with more than 14.25 million passengers using these airports over last year

Sensex drops 671pts, Nifty nears 17,400 in broad sell-off; bank stocks tank

CLOSING BELL: The Nifty PSU Bank index declined 2.2 per cent, while the Nifty Bank and Private Bank indices fell 1.8 per cent each

Mixed day for Adani Group companies; AEL falls 4,2%, Adani Wilmar up 2.8%

The stock of Adani Power closed at Rs 196.05, Adani Transmission at Rs 860.85, Adani Green Energy at Rs 650.55 and Adani Total Gas at Rs 904.95 apiece on BSE

All share-backed loans prepaid, Adani executives tell investors at UK meet

But shares of two more group firms reported to be pledged