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Adani Enterprise Ltd

Adani Enterprises tests 9-yr trend line support; tech view on group stocks

Adani group stocks have tumbled up to 47% since the start of December quarter. In case of a pullback Adani Green, Adani Ports and Adani Power can potentially rally up to 32%, show tech charts.

Adani Enterprises tests 9-yr trend line support; tech view on group stocks
Updated On : 15 Jan 2025 | 11:19 AM IST

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%

The sharp decline was triggered by reports revealing that JPMorgan, the New York-based financial giant, maintained its 'Underweight' rating on the stock for a target price of Rs 320

JPMorgan maintains 'Underweight' rating on Adani Wilmar; share tanks 8%
Updated On : 31 Dec 2024 | 10:01 AM IST

Adani Enterprises to exit consumer goods joint venture with Wilmar Intl

Wholly-owned subsidiary of Wilmar Lence Pte Ltd will acquire up to 31.06 per cent of AWL's equity shares held by Adani Commodities LLP (ACL) via call or put options

Adani Enterprises to exit consumer goods joint venture with Wilmar Intl
Updated On : 30 Dec 2024 | 5:05 PM IST

Adani Ent to exit Adani Wilmar JV; Group shares rally up to 15% in weak mkt

AEL will use the proceeds from the sale to turbocharger its investments in the core infrastructure platforms in energy & utility, transport & logistics and other adjacency in primary industry.

Adani Ent to exit Adani Wilmar JV; Group shares rally up to 15% in weak mkt
Updated On : 30 Dec 2024 | 3:55 PM IST

Adani Enterprises Q2 results: Net profit increases to Rs 1,742 cr

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

Adani Enterprises Q2 results: Net profit increases to Rs 1,742 cr
Updated On : 29 Oct 2024 | 3:47 PM IST

Adani Enterprises raises $500 mn in primary equity to fund growth plans

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

Adani Enterprises raises $500 mn in primary equity to fund growth plans
Updated On : 17 Oct 2024 | 8:10 PM IST

Adani Enterprises raises $500 million via share sale to insurance, MF firms

Adani Enterprises in May approved raising up to $2 billion through modes including a so-called QIP method used by listed Indian companies to raise funds from large institutions

Adani Enterprises raises $500 million via share sale to insurance, MF firms
Updated On : 11 Oct 2024 | 1:10 PM IST

Adani Enterprises to launch maiden public NCD issue worth Rs 800 crore

Adani Enterprises' first public issuance of secured, rated, listed, redeemable non-convertible debentures (NCDs) will be available for subscription from September 4-17

Adani Enterprises to launch maiden public NCD issue worth Rs 800 crore
Updated On : 29 Aug 2024 | 5:25 PM IST

Adani planning to raise $1.2 bn for flagship firm via share sale: Report

Adani Group is seeking institutional investors including from the US as part of its efforts to expand its shareholder base and draw more research analysts to cover the firm

Adani planning to raise $1.2 bn for flagship firm via share sale: Report
Updated On : 07 Aug 2024 | 6:01 PM IST

Adani Energy Solutions raises $1 billion, gets bids from US investors

The issue received bids from utility-focussed U.S. investors entering India for the first time along with sovereign wealth funds, Indian mutual funds, and insurance companies, Adani Energy said

Adani Energy Solutions raises $1 billion, gets bids from US investors
Updated On : 05 Aug 2024 | 11:45 PM IST

Adani Energy's $1-bn QIP subscribed 6 times with Rs 50k cr demand

Billionaire Stanley Druckenmiller's family office-led investment firms have made their maiden bet on Adani group, seeking shares of the conglomerate's power transmission unit in an institutional sale that was oversubscribed six-times and fetching demand of over Rs 50,000 crore against an issue size of USD 1 billion. Duquesne Family Office and two other US-based long-only funds - Driehaus Capital Management and Jennison Associates - invested in the qualified institutional placement (QIP) of Adani Energy Solutions, sources with direct knowledge of the matter said. The Rs 8,340 crore (USD 1 billion) issue saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business. Sources said the issue marked the debut of highly prestigious long-only investors Duquesne Family Office, Driehaus Capital Management and Jennison Associates which are known for their strong performance. These investors are known for investing only in companies wi

Adani Energy's $1-bn QIP subscribed 6 times with Rs 50k cr demand
Updated On : 01 Aug 2024 | 9:25 PM IST

Adani's Super app launches digital lending trials with fintechs and NBFCs

Launched in December 2022, 'Adani One' app provides users with a variety of services, such as cab services, flight bookings, shopping at Adani-operated airports, and rewards redemptions

Adani's Super app launches digital lending trials with fintechs and NBFCs
Updated On : 01 Aug 2024 | 1:18 PM IST

Adani Energy share sale receives three-fold bids as buyers pile in

Indian and international institutions have oversubscribed to Adani Energy Solutions Ltd.'s $1 billion share sale

Adani Energy share sale receives three-fold bids as buyers pile in
Updated On : 31 Jul 2024 | 2:29 PM IST

Adani Group's flagship plans to revive firm's first retail bond sale

Company's return to raise funds through a public issuance highlights the recovery for the Adani Group, which lost more than $150 billion in market value at one point following the Hindenburg report

Adani Group's flagship plans to revive firm's first retail bond sale
Updated On : 30 Jul 2024 | 5:47 PM IST

Adani Ports planning to invest $1.2 bn in new transshipment terminal

Transshipment refers to transferring cargo from an original ship to another, bigger mother ship at a port on the way to the cargo's final destination

Adani Ports planning to invest $1.2 bn in new transshipment terminal
Updated On : 12 Jul 2024 | 7:37 AM IST

Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity

Bulk of the investments will be in the airport and green energy businesses, says senior executive

Adani Group to invest Rs 1.3 trn in FY25; raise up to $3 bn in equity
Updated On : 26 Jun 2024 | 12:26 AM IST

Related-party transactions: Rs 2.68 trn awaits shareholder nod next week

Tata Motors, similarly, will put proposed RPTs worth upwards of Rs 89,000 crore to a shareholder vote the same day

Related-party transactions: Rs 2.68 trn awaits shareholder nod next week
Updated On : 22 Jun 2024 | 12:45 AM IST

Adani Enterprises board approves Rs 16,600 crore fundraising via QIP

Adani Energy Solutions had earlier announced its plan to raise up to Rs 12,500 crore through QIP or other permissible modes

Adani Enterprises board approves Rs 16,600 crore fundraising via QIP
Updated On : 28 May 2024 | 1:39 PM IST

Q4 results: Airport dues drag down Adani Enterprises net profit 37.6%

Mumbai International Airport Ltd (MIAL) reported a one-time exceptional expense of Rs 627.37 crore due to past dues

Q4 results: Airport dues drag down Adani Enterprises net profit 37.6%
Updated On : 02 May 2024 | 11:43 PM IST

Adani Enterprises Q4FY24 results: Net profit drops 37% to Rs 450.58 crore

The company announced an interim dividend of Rs 1.3 per share

Adani Enterprises Q4FY24 results: Net profit drops 37% to Rs 450.58 crore
Updated On : 02 May 2024 | 4:02 PM IST