Gautam Adani. Files | Photo Credit: Reuters The U.S. Department of Justice (DoJ) has issued a five-count criminal indictment of Gautam Adani, chairman of the Adani Group, and several of his business associates. The charges include promising more than $250 million in bribes to Indian government officials to secure solar energy contracts, conspiracies to commit … Read more
New Delhi: The initial public offering (IPO) of Adani Airport Holdings Limited (AAHL), the airport unit of the diversified Adani Group, is likely to go for its public debut in the next two to three years. Jeet Adani, Director of Adani Airport Holdings Ltd, said in a media report that he wants to focus on … Read more
New Delhi: Ambuja Cements, the cement and building material company of the diversified Adani Group, on Tuesday, October 22 announced to acquire of Orient Cement Ltd (OCL) at an equity value of Rs 8,100 crore. Ambuja will acquire 46.8 percent shares of OCL from its current promoters and certain public shareholders and the acquisition will … Read more
Hyderabad: Adani Group chairperson Gautam Adani donated Rs 100 crores to Telangana’s proposed Young India Skill University, during his meeting with Telangana chief minister Revanth Reddy on Friday, October 18. According to a social media post by the Telangana chief minister’s office, Gautam Adani also promised continued support for projects initiated by the Telangana government. … Read more
Ahmedabad: Adani Enterprises Limited (AEL) on Thursday said it has successfully raised $500 million (about Rs 4,200 crore) primary equity via qualified institutional placement (QIP) to further its growth plans. The flagship company of the Adani Group completed the QIP of face value of Rs 1 each, aggregating to Rs 4,200 crore. A total of … Read more
New Delhi: With the Adani Group floating a China subsidiary for providing project management services, the Congress on Tuesday alleged the risk is now that the conglomerate’s investments in China will add national security and territorial sovereignty to the growing list of sacrifices that India has made at the altar of Prime Minister Narendra Modi’s … Read more
Ahmedabad: Adani Green Energy Ltd (AGEL) on Monday said it has completed the redemption of all outstanding 750 million dollars Holdco Notes (4.375 per cent) through a fully-funded redemption reserve account. The Adani Group company, in January, announced to fully backstop the Holdco Notes through a redemption reserve account, maintained eight months before the redemption … Read more
The Congress on Monday levelled fresh conflict of interest allegations against SEBI Chairperson Madhabi Buch and asked Prime Minister Narendra Modi to come clean as the head of the appointments committee of the cabinet on her appointment. At a press conference, the Congress alleged that since the current SEBI chairperson took office in 2017, she … Read more
BENGALURU: Adani Group, the Indian conglomerate rocked by a Hindenburg Research report last year, faced another heavy share selloff on Monday (Aug 12) after the short seller accused the head of India’s market regulator of having links to offshore funds also used by the group. US$2.43 billion, or 1 per cent, had been wiped off … Read more
The government sees the latest Hindenburg report as a calculated move to destroy India’s primary and secondary market by attacking the regulator’s credibility through the dredging up of a non-issue. Madhabi Puri Buch, chairperson of the Securities and Exchange Board of India (Sebi), made the investments mentioned in the Hindenburg report before 2017 in a … Read more
