Mumbai: Deloitte Haskins & Sells LLP is set to resign as auditor for Adani Ports & SEZ in the next few days just a year after its reappointment amid differences with the company management over the auditor’s position on certain transactions, said multiple people aware of the development. According to one of the persons, a … Read more
MUMBAI – Fitch Ratings on Friday affirmed its “BBB-” rating on Adani Green Energy Restricted Group 2’s $362.5 million senior secured notes, and retained a “stable” outlook. The credit assessment is supported by the company’s solar portfolio and credit metrics. “The restricted group’s financial profile with debt-service coverage ratio (DSCR) of 1.44 times is stronger … Read more
MUMBAI – The BSE has increased circuit limits for 4 Adani group stocks, paving way for higher participation in the counters. For Adani Green Energy, Adani Transmission, and Adani Wilmar, the circuit limits have been revised to 10% from 5%. The biggest boost is for Adani Power as the circuit limit has been increased to … Read more
MSCI Inc will reduce the foreign inclusion factor (FIF) for Adani Total Gas and Adani Transmission during index review exercise later this month, the global index aggregator said in a release late Friday. Free float is defined as the proportion of outstanding shares available to buy or sell in public markets by international investors. MSCI … Read more
Mumbai: The Adani Group is in talks with lenders to raise about $1 billion for financing its upcoming green energy projects and has sounded out potential investors, said people with direct knowledge of the matter. The group has begun discussions with a group of foreign banks to syndicate the loan, which will be the first … Read more
NEW DELHI: The Adani-Hindenburg saga has left non-resident Indians (NRIs) worried over the state of their investments in Indian markets. A survey by SBNRI, an NRI-focused fintech platform, shows that they are looking for alternative investment options post the crisis in Adani group companies. The report suggests about 9.7% of Australia-based NRIs lead the investments … Read more
New Delhi, Leading bourses NSE and BSE on Friday said two Adani group stocks — Adani Green Energy and NDTV — will be moved to the first stage of the long-term additional surveillance measures (ASM) framework from Monday. These securities will continue in the framework but will be moved from long-term ASM framework Stage II … Read more
Promoter entities in Adani Transmission and Adani Green Energy have pledged additional shares with SBI Trustee Company on March 6, according to the disclosures on the exchanges. In Adani Green Energy, 1,56,65,500 shares or 0.99% more stake has been pledged. With this, a total 2% stake is pledged with SBI Trustee. The release did not … Read more
Mumbai: Two of India’s leading indices fell nearly 0.5% on Monday to extend losses for a seventh straight session. The recent selloff mirrors the weak trend in global equities after a series of US economic data – including Friday’s consumer price inflation, which is the Federal Reserve’s most preferred inflation gauge – compounded fears the … 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