Adani Group is exploring the possibility to invest up to $3 billion in seaport and renewable energy projects in Vietnam, the Vietnamese government said in a statement on Wednesday. The statement came after a meeting in Hanoi on the same day between Vietnamese Prime Minister Pham Minh Chinh and Karan Adani, chief executive officer of … Read more
NEW DELHI: NRI investor Rajiv Jain‘s GQG Partners, which had made a brave contra call by investing over Rs 15,000 crore in Adani stocks in the peak of the Hindenburg-led stock rout, has raised its stake in Adani Group by about 10%. “Within five years, we would like to be one of the largest investors … 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
Mumbai: The recent decline in equities triggered by the crisis in the US banking industry has investors scouring the stock market for potential winners. Though share valuations in India remain expensive despite the recent correction, analysts said there is a growing demand for companies that could withstand the ongoing uncertainty and grow faster when the … 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
“Not factoring in any international events that are very disruptive, the indices are seen to move up higher next week,” says Vinit Bolinjkar, Ventura Securities. Does it feel that the market is out of the slumber for sure and now we are headed for 18,000 or higher levels? There are a couple of things which … Read more
NEW DELHI: Star NRI investor Rajiv Jain-owned GQG Partners’ Rs 15,446 crore bold bet on troubled Adani stocks has yielded him a smart return of 20% or over Rs 3,100 crore in a span of just two days. The market value of Jain’s investment in 4 Adani stocks – Adani Enterprises, Adani Ports and Special … Read more
Mumbai: Adani Group on Thursday said US-based boutique investment firm GQG Partners has picked up equity stakes worth $1.87 billion (₹15,446 crore) in four listed group companies – Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission and flagship Adani Enterprises – via secondary share sales. These transactions took place through a series … Read more