adani stocks Archives

All 10 Adani stocks end lower for second day; m-cap of group firms erode by ₹80,096.75 crore in two days

March 28, 2023March 28, 2023cpooldigitalLeave a Comment

File photo of Adani Group building at Adani Shantigram near Ahmedabad. | Photo Credit: VIJAY SONEJI Shares of all the 10 listed firms of the Adani group ended lower for the second day in a row on March 28, with Adani Enterprises tumbling 7%. The stock of Adani Enterprises tanked 7.06%, the most among the […]

Adani stocks slide again, flagship Adani Enterprises slumps 7%

March 28, 2023March 29, 2023cpooldigitalLeave a Comment

File photo of Adani Group building at Adani Shantigram near Ahmedabad. | Photo Credit: Vijay Soneji Shares of Adani Group companies fell on Tuesday with flagship Adani Enterprises Ltd. slumping 7% on the BSE amid fresh concerns about debt repayment at the highly leveraged conglomerate. Other group companies including Adani Green Energy, Adani Total Gas, […]

EPFO subscribers are captive investors of two Adani stocks

March 26, 2023March 26, 2023cpooldigitalLeave a Comment

EPFO earmarks up to 85% of its equity investments into ETFs tracking the Nifty 50, which had added Adani Enterprises in September 2022. File | Photo Credit: The Hindu The aftermath of the Hindenburg Research report may have made several large investors rethink their exposures to the Adani group. But one large pool of capital […]

Adani repays .15 billion loan taken pledging shares; prepays 0 million loan for Ambuja cement

Adani repays $2.15 billion loan taken pledging shares; prepays $500 million loan for Ambuja cement

March 12, 2023March 12, 2023cpooldigitalLeave a Comment

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 […]

Adani Group repays $2.15-billion loan due before March 31, prepays Ambuja Cements debt

March 12, 2023March 12, 2023cpooldigitalLeave a Comment

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 […]

GQG likely to increase Adani investment, says founder Rahul Jain

March 8, 2023March 9, 2023cpooldigitalLeave a Comment

Electric power transmission pylon miniatures and Adani Green Energy logo are seen in this illustration. | Photo Credit: Reuters GQG Partners would likely expand its investment in the Adani Group, the fund firm’s founder Rajiv Jain said on March 8, a week after its $1.9 billion infusion into the embattled Indian conglomerate. “Chances are we’ll […]

Adani Group repays share-backed financing worth ₹7,374 crore

March 7, 2023March 7, 2023cpooldigitalLeave a Comment

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 […]

Adani group’s market value drops under 0 billion

Adani group’s market value drops under $100 billion

February 21, 2023February 21, 2023cpooldigitalLeave a Comment

Adani Group building. | Photo Credit: The Hindu The combined value of Adani Group’s 10 companies — including Adani Ports, Adani Green Energy and Power — fell below the $100 billion mark on February 21, weeks after a searing report by the U.S. short-seller Hindenburg Research. Overall, the Adani Group has lost more than $135 […]