SEBI to investigate allegations against Adani group | File photo | Photo Credit: Reuters Regulator Securities and Exchange Board of India (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 […]
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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 […]
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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 […]
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The logo of the Adani group. File | Photo Credit: Reuters Embattled Adani Group on March 7 said it has repaid share-based financing of ₹7,374 crores (over $900 million) and will prepay all such remaining loans by the end of the month, as it looks to allay concerns over leverage and debt to win over […]
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FPIs offloaded Indian equities for a second consecutive month in February. File | Photo Credit: Reuters Foreign portfolio investors (FPIs) continued their selling streak in February, but selling moderated in the month after hitting a seven-month high in January, data from National Securities Depository Ltd. showed. FPIs offloaded Indian equities for a second consecutive month […]
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The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. | File Photo | Photo Credit: Reuters Adani Group will hold fixed-income road shows this month in London, Dubai, and several cities in the United States, according to a document seen by Reuters, as […]
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Adani Group Chairman Gautam Adani. File | Photo Credit: ANI Embattled tycoon Gautam Adani on March 2 welcomed the Supreme Court order of a time-bound probe into allegations levelled by Hindenburg Research against his group, saying this will bring finality and truth will prevail. Shortly after a Bench headed by Chief Justice D.Y. Chandrachud passed […]
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Adani Group’s Anil Sardana and Sri Lanka’s State Minister of Investment Promotion Dilum Amunugama at a ceremony in Colombo on February 22, 2023 to formalise the $442-million renewable energy project in northen Sri Lanka. Photo: Special Arrangement Crisis-hit Sri Lanka has approved a $442-million wind power project of Adani Green Energy, barely a month since the […]
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Truck drivers pose near parked trucks next to the Ambuja Cements Limited plant owned by Adani Group in Darlaghat, Solan district in Himachal Pradesh, on February 16, 2023. | Photo Credit: Reuters For truckers transporting cement from Adani’s factories in Himachal Pradesh, Hindenburg Research’s critical report on the giant conglomerate was a godsend they say […]
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Adani Corporate House at Shantigram outskirts of Ahmedabad. File. | Photo Credit: VIJAY SONEJI Adani Ports and Special Economic Zone has repaid ₹1,500 crore loan and will repay another ₹1,000 crore in commercial papers due in March. The Adani Group firm paid ₹1,000 crore to SBI Mutual Fund and ₹500 crore to Aditya Birla Sun […]
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