Mumbai: Two promoter entities of Adani Power Ltd sold shares worth more than ₹8,710 crore (over $1 billion) to US-based investment firm GQG Partners, its co-investors, and others on Wednesday in block deals. Worldwide Emerging Market Holding Ltd and Afro Asia Trade and Investments Ltd, the two promoter entities, together sold 312 million shares translating … Read more
Billionaire Gautam Adani‘s conglomerate is looking to raise about USD 3 billion through an equity share sale to institutional investors in the boldest comeback strategy after the ports-to-energy group was hit by a damning report of a US short seller. While boards of Adani Enterprises Ltd – the group’s flagship firm – and electricity transmission … Read more
MUMBAI – Adani Green Energy Ltd has cancelled the board meeting on Wednesday, scheduled to consider and approve fundraising options, the company said in an exchange filing. “It may please be noted that on account of non-availability of directors, the meeting of the board of directors is now cancelled,” the release said. The next date … Read more
The asset management unit of JPMorgan Chase & Co. has wiped its ESG portfolios clean of their exposure to the Adani empire. The move, captured by an analysis of data compiled by Bloomberg, comes as a number of major investment firms such as BlackRock Inc. and the fund management unit of Deutsche Bank AG, DWS … Read more
Financing arrangements across the Adani Group conglomerate have sent a fresh chill through ESG markets as investors wake up to a new risk. Norway’s largest pension fund, KLP, recently dumped its entire holding of shares in Adani Green Energy Ltd., the renewables part of the empire, amid concerns that it might inadvertently have helped finance … Read more
Mumbai: A number of global special situation funds – high-yield and distressed-debt specialists – bought large amounts of foreign currency bonds of Adani Group firms in the days following the January 24 Hindenburg report, three people directly aware of the matter said. These funds now collectively own Adani bonds worth close to $1 billion, they … Read more
. has shelved a plan to raise as much as 10 billion rupees ($122 million) via its first-ever public sale of bonds following a market rout, according to people familiar with the matter. The flagship firm of Indian billionaire Gautam Adani’s empire had planned the public note issuance for January, working with ., , , … Read more
NEW DELHI: Benchmark indices registered gains of one-and-a-half per cent during a week that saw tech stocks in the US plunging sharply but spectacular performance by Reliance Industries kept the market buoyant. Among the outperformers of this week, most names belonged to the internet, pharma and technology sectors while PSU sectors and multiplexes were among … Read more