Shares of Adani Transmission, Adani Total Gas and Indus Towers will exit the MSCI Global Standard Index on May 31, 2023, as a part of the May rejig exercise. On the other hand, Max Healthcare Institute, Hindustan Aeronautics (HAL) and Sona BLW Precision Forgings will make an entry into the index. The exit of Adani … Read more
Adani Enterprises and Adani Transmission today announced that they would raise funds totalling Rs 21,000 crore through the qualified institutional placement (QIP) route. While Adani Enterprises said it will raise Rs 12,500 crore, Adani Transmission would raise Rs 8,500 crore. The fund raising exercise would be conducted by way of issuance of shares and/or other … Read more
The rout in Adani Group shares has room to run based on charts that show key stocks in Gautam Adani’s empire may still extend declines to the 85% downside flagged by Hindenburg Research.The combined market value of the 10 listed companies in the group has slumped by $146 billion, or about 60%, since the US-based … Read more
Fitch Ratings has affirmed “BBB-” rating on the $400 million senior secured notes issued by the restricted group of Adani Transmission Limited (ATL RG1), with a stable outlook. “ATL RG1’s credit assessment is not directly affected by the alleged malpractices at India’s Adani group highlighted in Hindenburg Research’s report due to the ringfenced nature of … Read more
New Delhi: Adani Group firm Adani Transmission on Friday said it has no undisclosed information which may have a bearing on the spike in its share volumes. The company made the remarks in response to a BSE query seeking clarification with reference to movement in volume of its shares. Adani Transmission said the increase in … Read more