Quant mutual fund (MF) would possibly facing the most significant impact among mutual fund houses due to the recent decline in Adani group shares on Thursday. With assets worth over Rs 1 lakh crore under management, Quant MF had the highest exposure to the Adani Group stocks compared to other larger fund houses. According to … Read more
Adani Energy Solutions (AESL) shares are in focus today after the company announced that its material subsidiary, Adani Electricity Mumbai (AEML), has executed a business transfer agreement (BTA) with its wholly-owned subsidiary, North Maharashtra Power Ltd. (NMPL). The agreement, signed on September 26, 2024, facilitates the transfer of the Adani Dahanu Thermal Power Station (ADTPS) … Read more
Adani Energy Solutions has had a muted run at the bourses so far this year. Still, the stock is all set to deliver multibagger returns from the current levels, according to analysts. Brokerage house Cantor has initiated coverage on the company with an ‘Overweight’ rating and price target of Rs 2,251, implying an 129% upside … Read more
India’s Adani Energy Solutions raised $1 billion through a share sale, which got bids from U.S. investors and sovereign wealth funds, the power distribution company said on Monday. The qualified institutional placement (QIP) was the Adani Group’s first fundraising from equity markets after a $2.5 billion share sale was scrapped in February last year. The … Read more
Shares of Adani Energy Solutions surged nearly 10% on Thursday after the $1-billion qualified institutional placement (QIP) was oversubscribed six times, garnering a demand of over Rs 50,000 crore according to an ET report. The stock also hit a fresh 52-week high of Rs 1,250 on the NSE amid significant volume, when 1.27 crore shares … Read more
Adani Energy Solutions, led by billionaire Gautam Adani, is likely to launch a share sale this week to raise more than $600 million, two sources with direct knowledge of the matter told Reuters on Monday. The sale of existing shares will be Adani Group’s first fundraise from equity markets after a $2.5 billion share sale … Read more
Adani Group stocks surged up to 8% in Thursday’s early trade after a Wednesday rout. The top gainer in the pack was Adani Green Energy which hit the day’s high of Rs 1,875 on the NSE. It was followed by Adani Wilmar and Adani Energy Solutions which were up 7%, each. The gains in Adani … Read more
MUMBAI, – India’s Adani Energy Solutions is planning to raise around $400 million-$500 million through a private placement of bonds for which it is in early talks with U.S. institutional investors, a company source and a banker aware of the plan said. “The deal will materialise in the next three months and we are seeing … Read more
Mumbai: Abu Dhabi-based International Holding Company PJSC (IHC) said on Tuesday that it has raised its stake in Adani Enterprises Ltd (AEL) days after exiting two other Adani Group companies. IHC boosted its holding in Adani Group flagship AEL to more than 5% from the 3.53% stake it first acquired in May 2022 for ₹7,700 … Read more
Shares of Adani group firms Adani Green Energy, Adani Energy Solutions and Adani Power jumped up to 12% in Friday’s trade on BSE amid reports that Abu Dhabi National Energy Co. PJSC (TAQA) is looking to double down in India and is evaluating a large exposure in the expansive power businesses of Gautam Adani that … Read more