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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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 […]
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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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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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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 […]
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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 Credit: Reuters Billionaire Gautam Adani’s conglomerate on Friday said it will raise ₹20,000 crore in equity to fund the massive expansion at his sprawling business empire that now spans from ports […]
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The group’s market capitalisation was around $16 billion in 2015 and it is $260 billion in 2022 – a surge of over 16x in seven years The group’s market capitalisation was around $16 billion in 2015 and it is $260 billion in 2022 – a surge of over 16x in seven years Richest Asian Gautam […]
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Group to set up 10,000 MW solar power capacity, expand cement plant and upgrade Jaipur airport Group to set up 10,000 MW solar power capacity, expand cement plant and upgrade Jaipur airport Richest Asian Gautam Adani on Friday announced a ₹65,000-crore investment in Rajasthan over the next 5 to 7 years in setting up a […]
Continue ReadingAdani Enterprises Ltd. on Thursday said its three wholly-owned subsidiaries have achieved financial closure for the access-controlled six-lane greenfield Ganga Expressway Project in Uttar Pradesh under public-private partnership mode. The company in a statement said it has secured finances of ₹10,238 crore from lenders, and the concession period of the project shall be 30 years […]
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Currently, Ambuja Cements and ACC have a combined installed production capacity of 67.5 MTPA. Currently, Ambuja Cements and ACC have a combined installed production capacity of 67.5 MTPA. The Adani family on Friday said it has completed the acquisition of Ambuja Cements & ACC Ltd and has become country’s second largest cement player. Adani family, […]
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