Adani Group has already found investors willing to sell 5.3 million shares of the Indian broadcaster — or roughly a third of the entire open offer size — despite the deep discount to the stock’s current level, bolstering the conglomerate’s hostile takeover bid. The category of corporate investors have tendered the most at 3.9 million … Read more
Billionaire Gautam Adani is courting sovereign wealth funds in a push to raise roughly $5 billion in equity across his sprawling business empire after lenders asked the group to reduce leverage, people familiar with the matter said. The network of companies owned by Asia’s richest person has reached out to top officials at firms, including … Read more
NEW DELHI: A day after Adani Group stocks slipped up to 10% with four of them hitting lower circuit, all nine counters belonging to billionaire Gautam Adani‘s stable bounced back smartly today amid a rebound in the market. was the top gainer in the pack with a rally of over 6%. , , and were … Read more
Gautam Adani surged to the top spot in the IIFL Wealth-Hurun India Rich List of 2022, surpassing Mukesh Ambani with his wealth more than doubling in the past year. Sun Pharma’s Dilip Shanghvi and Uday Kotak re-entered the list this year, replacing Kumar Mangalam Birla of Aditya Birla Group and Jay Chaudhary of Zscaler, according … Read more
Adani Group has become India’s most valuable business house in terms of market value of its companies, surpassing the Tata Group. The completion of the acquisition of Ambuja Cement and helped Adani overtake the Tata Group. The combined market capitalisation of the Adani Group, including the newly-acquired Ambuja and ACC, stood at ₹22.25 lakh crore … Read more
Mumbai , the flagship company of the Adani Group, will be included in the Nifty 50 index in place of , the National Stock Exchange said on Thursday. After , this would be the second stock from billionaire Gautam Adani‘s group to be included in the Nifty. The changes become effective from September 30. Adani … Read more
NEW DELHI: NDTV on Thursday informed stock exchanges said Adani companies requires Sebi approval to secure 99.5 per cent interests in the promoter vehicle, as its founders are barred from trading in securities markets. NDTV noted that Sebi had on November 27, 2020, restrained founder-promoters Prannoy Roy and Radhika Roy from accessing the securities market. … Read more
Adani Enterprises, part of Adani Group Companies, rose a little over 50 per cent in the last year and chart patterns suggest that the upside is likely to continue. The stock hit a 52-week high of Rs 2420 on 27 April 2022 but then the trend went sideways. Recent price action pushed the stock above … Read more
Prime Minister Narendra Modi on Friday said only “democratic India” has the capabilities of becoming the “trusted partner” the world is looking for at the moment and Uttar Pradesh will drive the “growth story of the country in the 21st century”. He also asked business leaders to visit his parliamentary constituency Kashi. Modi was in … Read more
MUMBAI: India has added one billionaire every 10 days in 2020 amid the pandemic. This was made possible by rising stock market valuation, which increased the number of worldwide billionaires by 412 to 3,228. There are now 209 Indian-origin billionaires, of which 177 are Indian residents. The total list, which continues to be topped by … Read more