Until now, the two billionaires, both hailing from Prime Minister Narendra Modi's home state of Gujarat, have largely operated in their separate spheres. Clean energy would see them overlap.
Adani Ports and Special Economic Zone (APSEZ) and Adani Enterprises were rallied 7 per cent and 6 per cent, respectively, in intra-day trade on the BSE
The decline saw the firms' cumulative market capitalisation decline by over a sixth.
Adani has lost over $12 billion in just four days after concerns over FPI ownership.
The 58-year-old tycoon lost more money this week than anyone else in the world, with his personal fortune tumbling by about $9 billion to $67.6 billion
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A temporary bout of nervousness in the stock market won't shake Asia's second-richest man.
Shares of Adani Green Energy, Adani Ports and Adani Enterprises rose up to 5 per cent each in intra-day today but soon pared gains to trade flat-to-negative
Shares recoup some losses after company, NSDL, FPIs deny report
Elara India Opportunities Fund, Albula Investment, APMS Investment and Cresta Fund have investment in a number of domestically listed firms besides the Adani group firms
Shares of all six companies - Adani Enterprises, Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas and Adani Transmission - hit their respective lower circuits in intra-day trade today
Adani Cement will manufacture, process all types of cements
Adani Total Gas, Adani Enterprises and Adani Transmission 'look extended', Bloomberg Intelligence analysts wrote in a June 10 note
The six Adani Group companies had combined market capitalisation of Rs 8.36 trillion as on Thursday
Adani Enterprises on Wednesday reported 282.2 per cent rise in consolidated net profit at Rs 233.95 crore for the quarter ended March 31, 2021.
The jump in market capitalisation in the past year is not matched by its financial performance
On Friday, Dharmendra Pradhan tweeted that steel units across India had supplied over 143,000 tonnes of liquid medical oxygen till now with steel CPSEs pitching in with 39,000 tonnes
Over the weekend, many companies stepped in to ease the bottleneck in supply and transportation of oxygen, as demand ran high with the surge in cases
The potential inclusions are seen further boosting wealth for Adani, who has added $20.2 billion to his net worth this year, the second-biggest increase among the world's billionaires
Reliance Industries Chairman Mukesh Ambani reclaimed the top spot in the Forbes list of India's 10 richest billionaires with a net worth of $84.5 billion