U.S.-based Fitch held that the debt of Adani group’s rated Indian entities as of end-December 2022 was offshore and largely secured, with U.S. dollar bonds maturing only from mid-2024, suggesting no immediate concerns about repayment. | Photo Credit: Reuters Global ratings agency Fitch said two Adani Group companies viz. Adani Ports & SEZ Ltd. and […]
Continue Reading
U.S.-based Fitch held that the debt of Adani group’s rated Indian entities as of end-December 2022 was offshore and largely secured, with U.S. dollar bonds maturing only from mid-2024, suggesting no immediate concerns about repayment. | Photo Credit: Reuters Global ratings agency Fitch said two Adani Group companies viz. Adani Ports & SEZ Ltd. and […]
Continue Reading
File photo of billionaire Gautam Adani | Photo Credit: Reuters Billionaire Gautam Adani-led promoter group has paid off all of the $2.15 billion loans taken pledging their shares in the conglomerate, and only debt at operating company level remains, Adani Group said seeking to assure investors of its ability to repay debt. Adani Group in […]
Continue Reading
“Parliament has entrusted SEBI with protecting investor interests, so it must do whatever it takes to meet that mandate and is moving to regulate index providers,” a senior government official told The Hindu. | Photo Credit: SHAILESH ANDRADE The government has squarely put the onus of regulating the practices of market index providers on the […]
Continue Reading
EPFO earmarks up to 85% of its equity investments into ETFs tracking the Nifty 50, which had added Adani Enterprises in September 2022. File EPFO subscribers are captive investors of two Adani stocks The aftermath of the Hindenburg Research report may have made several large investors rethink their exposures to the Adani group. But one […]
Continue Reading.jpg "Adani to bid for more airports in India: CEO")
An inside view of the Mangaluru International Airport. The Mangaluru airport is the first of six with the Airports Authority of India (AAI) that the Adani Group took over. | Photo Credit: Special Arrangement India’s Adani Airports, part of billionaire Gautam Adani’s conglomerate, will bid for more airports in the country in its ambition to […]
Continue Reading
Communist Party of India (Marxist) general secretary Sitaram Yechury addressing a public meeting marking the conclusion of the Statewide Janakeeya Prathirodha Yatra led by party State secretary M.V. Govindan in Thiruvananthapuram on Saturday. Accusing the Bharatiya Janata Party (BJP) branding those who raise questions against Prime Minister Narendra Modi and Adani Group head Gautam Adani […]
Continue Reading
The government has not set up any committee to probe allegations a U.S. 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 March 13. A separate investigation into imports of Indonesian coal by the conglomerate hasn’t reached finality, Minister […]
Continue Reading
Embattled Adani Group on March 12 said it has repaid loans aggregating $2.65 billion to complete a prepayment programme ahead of the March 31 deadline to cut overall leverage in an attempt to win back investor trust post a damning report of a U.S. short seller. In a statement, Adani group said it has repaid […]
Continue Reading
In continuation of its prepaying the finance, the Adani Group has completed full pre-payment of margin-linked share-backed financing aggregating to $2.15 billion before March 31. Additionally, the promoters have also prepaid the $500-million loan facility taken for financing the acquisition of Ambuja Cements Ltd. In a statement, the Group said entire pre-payment programme of $2.65 […]
Continue ReadingCopyright © 2022
Designed and Developed by Cpool Digital Learning
