Gautam Adanigroup News

11.08 / 14:05

Target Deloitte More trouble for Gautam Adani? Deloitte may resign as Adani Ports' auditor, says report

The crisis wrought by US short seller Hindenburg's explosive report against the Adani Group appears to be continuing till date. US-based accounting giant Deloitte is reportedly mulling an exit from Adani Ports in the coming days. The development mere weeks after the Indian unit of the firm raised concerns over transactions between Adani Ports and three entities ‘unrelated parties’ - also flagged in the short-seller's report.

11.08 / 09:58

Reuters Enterprise Holdings 500 Adani Ports, Adani Airport Holdings in talks to raise upto ₹1,500 crore each from bond market: Report

Adani Ports and SEZ and Adani Airport Holdings, the two Adani Group companies are in talks with merchant bankers to raise upto ₹1,500 crore each through local currency bonds, Reuters reported. These two companies are likely to be the first in Adani Group to tap the bond market as a part of the billionaire Gautam Adani led-ports-to-power conglomerate’s plan to raise ₹10,000 crore in FY24, the Reuters report added quoting a company official and bankers.

10.08 / 11:07

CEO Enterprise stake Adani Enterprises says no planned event on Wilmar stake sale report

Adani Enterprise had said there was no major event that requires a regulatory disclosure, a day after Bloomberg News reported the flagship company of the Adani group was exploring selling its 44% stake in unit Adani Wilmar. The report, citing people familiar with the matter, had said billionaire Gautam Adani and his family may retain a minority stake following a stake sale in its $6 billion consumer staple joint venture with Wilmar International.

08.08 / 17:21

UPS FIVE Enterprise stage Adani Enterprises weighs exiting $6 billion Wilmar venture

Adani Enterprises Ltd. is exploring selling its stake in its Mumbai-listed consumer-staple joint venture with Wilmar International Ltd., freeing up capital for their core business, according to people familiar with the matter. The conglomerate has been considering a potential sale of its 44% stake in Adani Wilmar Ltd.

07.08 / 19:33

FIVE BLOCK Enterprise 500 stake Promoters raise $500 mn via Adani Green stake sale to QIA

MUMBAI : The promoters of Adani Group raised about $500 million by selling a part of their holdings in Adani Green Energy Ltd to investors, including INQ Holding Llc, a wholly owned unit of sovereign fund Qatar Investment Authority (QIA). This is one of the several recent stake sales by billionaire Gautam Adani aimed at cutting promoter-level debt and releasing stock pledges. At current market prices, around ₹31,095 crore ($3.75 billion) is required by the promoters to release the shares pledged by the promoters in five key group firms.

03.08 / 18:45

COST Lowe's Aware Manufacturing Landmark Strategy Enterprise Adani plans $4-5 bn cement bet after Sanghi acquisition

MUMBAI : Adani Group will invest $4 billion-$5 billion to expand its cement capacity to over 100 million tonnes in two years, two people aware of the matter said, on a day the conglomerate made yet another acquisition. On Thursday, Ambuja Cements Ltd, part of Adani Cement, announced the purchase of 57% promoter stake in cement maker Sanghi Industries Ltd at an enterprise value of ₹5,000 crore.

03.08 / 12:17

Enterprise Adani Enterprises Q1 results: Net profit grows 44% to ₹674 crore, revenue falls 38%

Adani Enterprises today announced its Q1 results with net profit growth of 44% year-on-year at ₹674 crore for the quarter ending June 2023. The company's revenue fell 38% YoY.

03.08 / 03:59

COST Target Manufacturing Landmark Gap Enterprise acquires Adani group company Ambuja Cements acquires Sanghi Industries at enterprise value of ₹5,000 crore. Shares rise

Adani group news: Ambuja Cements Ltd (ACL), a flagship Adani Group company, today announced the acquisition of Sanghi Industries Ltd (SIL) at an enterprise value of ₹5,000 crore. ACL will acquire 56.74 per cent shares of SIL from its existing promoter group, Ravi Sanghi & family. The acquisition will be fully funded through internal accruals.

02.08 / 03:47

Reuters Manufacturing Racing Enterprise stake Adani-owned Ambuja Cements to acquire majority stake in Sanghi Industries: Sources

Ambuja Cements has reached a deal to acquire a majority stake in operations of Sanghi Industries, two sources with direct knowledge said, a transaction that will add heft to cement operations of billionaire Gautam Adani's firm. The deal by Ambuja is likely to be announced as soon as Wednesday, the sources said, declining to be named because the decision is not public. They did not share the exact stake percentage.

27.07 / 14:21

Action stage country Adani Transmission is now renamed to Adani Energy Solutions Ltd

Adani Transmission Limited will now be known as Adani Energy Solutions Limited after the change of name. ATL is the country's largest private transmission company, with a presence across 14 states and a cumulative transmission network of 19,779 ckm, out of which 15,371 ckm are operational and 4,408 ckm are at various stages of construction.

26.07 / 08:43

UPS VISA CEO exclusive Deal Adani, Visa sign deal to bring co-branded cards for travellers

Visa said it has signed a co-brand agreement with Indian billionaire Gautam Adani's conglomerate. The co-branded cards are set to attract as many as 40 crore travellers and users via the benefits of retail, airports, and online travel services that it aims to bring to the table. «This partnership will give the payments giant access to 400 million customers through Adani’s airports and online travel services,» said Visa's CEO Ryan McInerney in a conference call with analysts.Adani group at present runs seven airports in India.

24.07 / 06:19

Target country dividend share price week Dividend stock: Adani Ports share price to trade 250% ex-dividend this week

Adani Ports and Special Economic Zone (APSEZ), the largest private port operator in the country, will be under investors’ radar as the stock is set to turn ex-dividend this week. Adani Ports shares will trade ex-dividend for a dividend of 250% for FY23 on Friday, July 28, 2023.

22.07 / 11:43

UPS Citi Digital Waters Enterprise social Will Dharavi become another Bandra-Kurla? What Gautam Adani gets out of it

Gautam Adani, the Chairman of Adani Group, has promised to change Dharavi so much that it will produce millionaires without the slumdog prefix. Adani Properties, an Adani Group company, has recently won the bid to redevelop Dharavi, an area spread over nearly 600 acres of prime land in the heart of Mumbai.

21.07 / 03:15

Twitter MET country cover Gautam Adani meets Sri Lankan president Ranil Wickremesinghe to explore green hydrogen projects

H.E. President Ranil Wickremesinghe to explore multiple range of projects in Sri Lanka. In a Twitter post, Adani revealed that the discussions covered the ongoing development of Colombo Port West Container Terminal, a 500 MW wind project, and the expansion of their renewable energy expertise to produce green hydrogen.

19.07 / 18:51

Citi Digital Waters Enterprise Discover awards film New Dharavi will produce many millionaires, no slumdogs: Gautam Adani

Gautam Adani said he intends to not only transform Mumbai's Dharavi into a modern city centre but also preserve and promote the local micro enterprises and small industries. The Adani Group has recently been awarded the ambitious project to redevelop 645 acres of Dharavi — one of Asia's largest urban slum clusters in the heart of Mumbai city.

18.07 / 19:51

COST Lowe's Booking Assurant Enterprise Gautam Adani assures focus on governance at shareholder meet

MUMBAI : Billionaire Gautam Adani emphasized his group’s commitment to improving governance standards during Adani Enterprises Ltd’s (AEL’s) first shareholder meeting after allegations of stock manipulation and accounting fraud made by US-based short-seller Hindenburg Research earlier this year. “It is my commitment that we will continue to strive to keep improving these (governance standards) every single day," he told shareholders at AEL’s 31st annual general meeting (AGM) while sounding upbeat about the conglomerate’s growth prospects amid India’s ambitious infrastructure spending plan and economic resilience.

18.07 / 14:55

Enterprise boost Adani Ports aims to boost cargo volumes to 1 billion tonnes by 2030

₹1.57 trillion, will gradually build its port interests outside India, said Karan Adani. However, he noted that investments outside India are more likely to be in operational ports and with a limited equity exposure.

18.07 / 09:13

UPS IPO Target Align Enterprise On Hindenburg, Adani evokes 'matrubhumi', flaunts spunk and success

Gautam Adani, the chairman of Adani Group, evoked the motherland while speaking at the AGM of the group. The centerpiece of Adani's speech was his emphasis on how the group has recovered from the Hindenburg attack due to its inherent resilience, transparency and strong fundamentals. He conflated the resilience of his group with the resilience of India: «Along this journey, if there is one characteristic that has continued to define us – it has been our resilience.

18.07 / 06:07

Lowe's Target Gap Enterprise Power Adani Power to Adani Enterprises: Adani Group shares zoom after Gautam Adani's speech at AGM 2023

Republic Day 2023. While speaking at the Adani Group AGM 2023, the Indian billionaire said that Hindenburg Research report was a combination of targeted misinformation and discredited allegations, the majority of them dating from 2004 to 2015. After this strong counter attack by Gautam Adani against the US-based short seller, Adani group shares witnessed huge buying interest during early morning deals on Tuesday.

18.07 / 05:45

Target Align Adani Annual General Meet: Hindenburg report was a combination of targeted misinformation, says Gautam Adani. 5 points

Airport and copper smelter. New business accounted for 50% of Adani Enterprises’ FY23 EBITDA, We reaffirm the target of 45 GW renewable energy capacity by 2030.

17.07 / 06:53

UPS Enterprise share price Adani Ports, Adani Ent share price gain over 2-3%; Check key reasons behind Adani Group stocks rally

Adani Enterprises share price rallying over 3%. Adani Wilmar, Adani Total Gas and Adani Power share price gained over 3% each, while Adani Ports & SEZ and Adani Transmission rose over 2% each.

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