Adani Enterprises Subsidiary Raises Rs 3,231 Crore (USD 394 Million) from Barclays and Deutsche Bank for Solar Module Manufacturing Facility. In a significant boost to its business endeavours, an arm of Adani Enterprises has successfully secured Rs 3,231 crore (USD 394 million) from Barclays PLC and Deutsche Bank AG to meet its working capital requirements. […]
Adani Enterprises, the main business of the Adani Group, announced on Friday its intention to purchase the entire ownership of Stark Enterprises (SEPL), the operator of Trainman, an online train booking platform. The company did not reveal the financial details of the deal. According to a notification to the stock exchange by Adani Enterprises, its […]
Reliance and Adani, two of the biggest corporate conglomerates run by high-profile billionaires Mukesh Ambani and Gautam Adani, dropped their initial plan to buy the assets of Future Group. While the two companies are mum about their most recent actions, reports claim that they had to alter their plans due to the high value of […]
The Adani Group is developing an integrated data centre and technology business park in Visakhapatnam to boost local technology ecosystem in the region. The investments will be on top of the Rs 20,000 crore already invested in the state, which created more than 18,000 direct and 54,000 indirect jobs, according to a statement from the […]
Adani Total Gas (ATGL) on Tuesday announced its operational and financial performance for the fourth quarter and full year ended March 31, 2023. Among the major highlights in the media release was the 46 per cent growth in the company’s revenue in FY23. ATGL also said that it targets creating over 3000 EV charging points […]
Amid changes in management within the company, Adani Green Energy has named the appointment of Amit Singh as the new chief executive officer (CEO) with effect from 11 May 2023. While Sagar R. Adani has been re-appointed as an Executive Director for a period of 5 years effective from 31 August 2023, subject to the […]
Adani Cement Industries has reportedly prepaid $200 million to reduce a $1 billion mezzanine loan borrowed from international banks to finance the acquisition of Holcim’s Indian businesses, according to Bloomberg news agency. Bloomberg reported that the prepayment allows Adani to request a three-year extension on the remaining debt. The Adani Group had borrowed $4.5 billion […]
Adani Total Gas Ltd (ATGL) has reduced the price of CNG by up to Rs 8.13/kg and the price of PNG by up to Rs 5.06/scm with effect from April 8. Adani Total Gas Ltd (ATGL) welcomes the Government of India’s landmark decision to link the Administered Price Mechanism (APM) Price for gas supply to […]
The EPFO board is meeting on 27 and 28 March and this issue of investment in Adani stocks may be discussed. The Employees’ Provident Fund Organization (EPFO) will continue to invest in in Adani Enterprises and Adani Ports. The decision comes even as the conglomerate’s stocks suffered after a damaging short-seller report. The EPFO board […]
Amid challenges faced by the Adani Group and political heat over “regulatory failure” in dealing with the alleged contravention of laws pertaining to securities market, Adani Airports Chief Executive Officer Arun Bansal has said that the company is committed to its investments and plans submitted to the government. “We are committed and we have submitted […]
