Adani Group begins USD 130 mn debt buyback, first since Hindenburg report
APSEZ floated a tender to buy back as much as USD 130 million of its July 2024 bonds and similar amounts in each of the next four quarters.
Banks with exposure to Adanis see m-cap fall
State Bank of India, the nation’s biggest lender by assets, suffered a 14.66% fall, while Hindujau Group’s IndusInd Bank followed with a 12.42% slump in its valuation.
LIC increases stake in scandal-hit Adani Group during March quarter
Even though the stake increase is minor, it comes in the quarter when Hindenburg Research published its scathing report and LIC’s huge exposure in Adani firms became a talking point.
Adani rebuts charges of wrongdoing, gives details of Rs 20K cr investments
With this, Adani is also seeking to counter Congress leader Rahul Gandhi’s claim of Rs 20,000 crore coming into the conglomerate through ‘shell companies’.
After Adani, Hindenburg targets Dorsey's Block
Following publication of the report, Block's stock tumbled up to 22 percent in early trading on Wall Street before recovering slightly.
Market regulator investigating allegations against Adani Group: Govt
In its order dated March 2, 2023, the Supreme Court directed SEBI to conclude the ongoing investigations into the Adani Group within two months.
Adani prepays Rs 7,374 cr share-backed loans 2 years ahead of maturity date
The conglomerate has pledged to prepay all share-backed remaining loans by the end of March 2023.
Amid setbacks, GQG brings much-needed near-term relief to Adani conglomerate
After losing about 12.50 lakh crore in market value in a month, 10-listed Adani added 1.73 lakh crore to its market capitalisation in the past four sessions on reports of fundraising plans.
GQG buys stake worth Rs 15,446 crore in Adani companies
This marks the first major investment in Group companies since Hindenburg’s scathing report triggered rout in stocks.
Adani-Hindenburg row: SC orders committee to probe share crash; asks Centre, SEBI to cooperate
The apex court also asked the court-appointed committee to probe and submit its report within two months. SC as a part of its ongoing investigation expanded the scope of the committee.
Adani Enterprises FPO fully subscribed amid spat with Hindenburg Research
Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for QIBs were almost fully subscribed.
Adani vs Hindenburg: Adani gets backing as UAE royals invest USD 400 million
IHC said it will invest about USD 400 million in Adani Enterprises' follow-on share sale, saying it was confident in the fundamentals of the conglomerate even after the route in share value.
Most of Adani Group stocks trade lower
However, Adani Enterprises jumped 5.26 per cent, Ambuja Cements climbed 5.25 per cent and ACC gained 2.91 per cent. Shares of most of the Adani Group firms had ended lower on Monday as well.
CPM seeks high-level probe into allegations against Adani Group
It further added that the CPIM would coordinate with other secular opposition parties and raise this issue in the forthcoming budget session of the Parliament.
Adani FPO subscribed 3 per cent on Day 2
Abu Dhabi-based International Holding Company invests Rs 3,200 crore in the follow-on offer.
Adani vs Hindenburg: The story of Asia's richest man and why is his company tanking
Shares in the business empire of Gautam Adani nosedived days after activist US investment group Hindenburg Research claimed it had committed "brazen" corporate fraud.
LIC exposure to Adani Group less than 1 per cent of its Asset Under Management
LIC holds a 4.23 per cent stake in Adani Enterprises, 9 per cent in Adani Ports and SEZ, 6 per cent in Adani Total Gas and 3.65 per cent in Adani Transmission.
Adani's fortune plummets by USD 10 bn, Group's stocks drop again amid Hindenburg row
With this fresh fall, the wealth gap between Reliance Industries’ Mukesh Ambani and Adani is now around $2-3 billion, the closest in months.
Adani’s ‘413 page’ response mostly on businesswomen, safe vegetable production: Hindenburg
It added that its report asked 88 specific questions of the Adani Group. In response, Adani failed to specifically answer 62 of them.
Adani’s response to Hindenburg not lifting sentiments on D-Street, Group stocks fall up to 20% again
Adani Total Gas, Adani Transmission and Adani Green fell 20% each on Monday while Adani Wilmer and Adani Power dipped by 5%.
Vizhinjam seaport protests: Police station attack was with 'ulterior intention', says Kerala CM
'The Kashmir Files' controversy: Apologies if my remarks were interpreted differently, says Nadav Lapid
Will fight again, against what is wrong: Bilkis Bano on remission given to her rapists
Tamil Nadu amended law that allows Jallikattu seeks to prevent cruelty on animals: State tells SC
India dismisses China's concerns on military exercise with US in Uttarakhand
'Bazball' powers England to new first-day record against Pakistan in 1st Test