Adani Enterprises

Stock Market Highlights: Benchmark Indian equity indices, the BSE Sensex and NSE Nifty50, settled higher by over 2 per cent each on Friday.

With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the case could escalate significantly, potentially leading to arrest warrants and even extradition attempts. Adani, India's second-richest man, and seven others, including his nephew Sagar Adani, have been charged by the US Department of Justice with paying bribes to unidentified officials of state governments in Andhra Pradesh and Odisha to buy expensive solar power, potentially earning more than USD 2 billion in profit over 20 years. Adani Group, however, denied the charges saying the allegations by US prosecutors are "baseless" and the conglomerate is "compliant with all laws". US Attorney Breon Peace has the right to get arrest warrants issued against Adani and seven others indicted and serve them on the nations where they reside, Indian-American attorney Ravi Batra told PTI on Thursday. He further sa

In two days, the stock price of Adani Enterprises and Green Energy have tanked by 28%, Adani Energy slipped 27%, while Ports, Power, Total Gas, Wilmar and Ambuja Cements are down between 14% and 18%

Adani Energy Solutions Ltd (AESL) on Wednesday said it has signed a pact with PFC Consulting Ltd for acquisition of a project special purpose vehicle - Pune- III Transmission Ltd. The Pune- III Transmission Limited (PTL) projects include the establishment of new 2x1500 MVA, 765/400 kV and 3x500 MVA, 400/220 kV Pune-III substations and setting up of 816 ckm transmission line, according to a regulatory filing. AESL has "executed a Share Purchase Agreement (SPA) with PFC Consulting Limited for acquiring 100 per cent equity shares of Pune- III Transmission Limited," the filing said. Under this pact, PTL will aim to implement evacuation of 7 GW of renewable energy from Khavda RE Park (Gujarat), under the Phase IV Part D package. The acquisition is proposed to further AESL's strategy of enhancing value for its shareholders through organic and inorganic opportunities. On acquisition cost, AESL said the equity shares will be acquired at a face value of Rs 10 each.

The management said record-breaking performance has been led by ANIL and Adani Airport Holdings Ltd (AAHL) with their rapid growth in capacity additions and asset utilization.

Expenses grew by eight per cent to Rs 20,787.29 crore from a year ago, with finance costs dipping 32 per cent to Rs 909.83 crore from a year ago

The ports-to-power Adani Group's flagship firm has been expanding its new energy business, which includes solar manufacturing and wind turbine businesses

Shares of Adani Enterprises were down 3% to Rs 2,837.70 in Tuesday's intra-day trade, falling below its QIP issue price of Rs 2,962 per share

Adani Enterprises Limited (AEL), the flagship firm of the conglomerate helmed by Gautam Adani, on Thursday said it has raised Rs 4,200 crore in share sale to large investors via a qualified institutional placement (QIP) issue to fund its future growth plans. The firm allocated 1.41 crore equity shares to qualified institutional buyers at an issue price of Rs 2,962 per equity share, it said in a statement. "The transaction was launched post-market hours on October 9, 2024 with a deal size of approximately Rs 4,200 crore (USD 500 million) and closed on October 15, 2024," it said. The QIP saw overwhelming demand, receiving bids of approximately 4.2x of the deal size from a diverse group of investors, including global long-only investors, major Indian mutual funds and insurance companies. A QIP is, at its core, a way for listed companies to raise capital without having to submit legal paperwork to market regulators. Adani Enterprises had in January last year planned to raise Rs 20,000

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Quant Mutual Fund has emerged as the largest investor in Adani Enterprises' recent Qualified Institutions Placement (QIP), which raised Rs 4,200 crore. They acquired nearly 47% of total shares off

Stock Market Today: Adani Enterprises has successfully raised $500 million through a share sale, marking its return to the equity markets after a previous cancellation.

The company's board had approved a total fundraising of Rs 16,600 crore by the way of QIP or other modes in one or more tranches, on May 23, 2024.

The company added that it may, at its discretion, offer a discount of not more than 5 per cent on the floor price

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As many as seven Adani group stocks ended lower on Friday as the Swiss authorities froze USD 311 million (Rs 2,610 crore) held by a Taiwanese resident in multiple Swiss bank accounts as part of a money laundering probe, suspecting he may be a frontman from the group -- a charge the conglomerate vehemently denied. Shares of Adani Power dropped 2.73 per cent, Adani Energy Solutions declined 2.42 per cent, Adani Ports slipped 1.37 per cent, Adani Green Energy went lower by 1.17 per cent, Adani Enterprises dipped 0.76 per cent, Adani Total Gas (0.55 per cent) and Adani Wilmar (0.37 per cent) on the BSE. However, three group firms managed to settle in the green. The stock of ACC jumped 1.94 per cent, NDTV climbed 1.01 per cent and Ambuja Cements (0.01 per cent). During the day, shares of Adani Power tumbled 3.20 per cent, Adani Energy dived 2.75 per cent, Adani Green declined 1.53 per cent, Adani Ports went down by 1.51 per cent, Adani Enterprises fell 1.18 per cent, Adani Wilmar (1.07 p

Adani Group has formed a subsidiary in China to carry out business of providing supply chain solutions and project management services, according to a regulatory filing. Adani Enterprises, the group's flagship firm, in the filing said a Singapore-based step-down subsidiary incorporated a wholly-owned subsidiary, Adani Energy Resources (Shanghai) Co. (AERCL), domiciled in Shanghai, China on September 2, 2024. "AERCL is incorporated to carry out business of providing supply chain solutions and project management services," it said without providing details. The subsidiary was incorporated by Adani Global Pte (AGPTE), Singapore - a step-down subsidiary of Adani Enterprises Ltd (AEL). AEL houses the conglomerate's mining, roads, airports, data center and water infrastructure businesses. "AERCL has been incorporated and registered under the laws of Company Law of the People's Republic of China on September 2, 2024," the filing said. AERCL is yet to commence its business operations. T

The flagship firm of Indian billionaire Gautam Adani's group plans to raise as much as Rs 800 crore ($95.3 million) through the issuance