Page 2 - Adani Transmission

Adani raises $1.4 bn from stake sale in 3 firms; $9 bn raised in 4 years

Billionaire Gautam Adani has raised USD 1.38 billion (Rs 11,330 crore) through stake sale in three group companies, taking the total capital raised over four years to USD 9 billion as the conglomerate draws interest from a cross-section of investors. In a statement, the ports-to-energy conglomerate said it "is committed to raising capital to fulfill its 10-year roadmap of the transformative capital management program, which was formulated in 2016 to execute the plans for various portfolio companies." "In the most recent instance, Adani family has raised USD 1.38 billion (Rs 11,330 crore) through stake sale in the three portfolio companies - Adani Enterprises Ltd, Adani Green Energy Ltd and Adani Transmission Ltd," it said. "This ensures higher capital availability at the group level, for growth as well as near-term commitments of both debt and equity for the portfolio companies over the next 12-18 months." In addition, the three portfolio companies have also received board approval

Adani Transmission renames as Adani Energy Solutions with immediate effect

Adani Transmission Ltd on Thursday said it has renamed itself to Adani Energy Solutions Limited with immediate effect. "The company's name has been changed from Adani Transmission Limited to Adani Energy Solutions Limited w.e.f. 27th July, 2023 pursuant to the even dated 'Certificate of Incorporation pursuant to change of name' received from the Registrar of Companies, Ahmedabad," a BSE filing said. Adani Energy Solutions, erstwhile Adani Transmission, is the country's largest private transmission company, with a presence across 14 states.

Adani grp shares in focus; Adani Green, Transmission, Power rally up to 10%

Adani Green Energy (up 10% at Rs 1,089.15), Adani Total Gas (up 5% at Rs 662.45), and NDTV (up 5% at Rs 238.75) were locked in their respective upper circuit limits

Gautam Adani to convert Mumbai slum into modern city despite challenges

It is the latest mega-project taken on by ports-to-energy conglomerate Adani Group, which already supplies electricity in Mumbai through listed unit Adani Transmission

Stocks to Watch on July 4: RIL, IndusInd, IDFC, Adani Transmission, DMart

Stocks to Watch today, on Tuesday: Reliance Jio, the telecom arm of Reliance Industries, has announced the launch of the internet-enabled 'JioBharat' phones, at a price of Rs 999

Promoter group of Adani Transmission sells 3.04% stake for Rs 2,666 cr

A promoter group entity of Adani Transmission on Friday divested its entire 3.04 per cent stake in the firm for Rs 2,666 crore through an open market transaction. Following the stake sale, Fortitude Trade and Investment, a promoter group entity of Adani Transmission exited from the firm by offloading more than 3.39 crore shares of the firm. According to the bulk deal data available with the National Stock Exchange (NSE), Fortitude Trade and Investment disposed of 3,39,17,200 shares, amounting to 3.04 per cent stake in Adani Transmission. The shares were sold at an average price of Rs 786.17 apiece, taking the transaction value to Rs 2,666.46 crore. As of March 2023, the promoter shareholding has been reduced to 68.61 per cent from 71.65 per cent. Goldman Sachs Trust II - Goldman Sachs GQG Partners International Opportunities Fund and GQG Partners Emerging Markets Equity Fund acquired more than 2.13 crore shares of Adani Transmission at an average price of Rs 786.19 per share. Thi

Stocks to watch: Adani Transmission, HDFC AMC, ITC, Sun Pharma, Coal India

Stocks to watch on June 20, 2023: From HDFC AMC to Adani Transmission, here are few stocks to watch in Tuesday's trading session

Adani Transmission gets shareholders' nod to raise up to Rs 8,500 crore

According to the company's BSE filing, 98.64 per cent votes were polled in favour of the resolution

Sensex extends rally to 4th day, ends 123 pts higher; ITC, IT stocks shine

CLOSING BELL ON MAY 30, 2023: The NSE Nifty 50 gained 35 points at 18,634; while the Bank Nifty hit a fresh all-time high at 44,499.

Stocks to watch: Adani Transmission, ONGC, IRCTC, IPCA Labs, Torrent Power

Stocks to watch on May 30, 2023: From ONGC to Adani Transmission, here are top stocks to watch in Tuesday's trading session

Adani Transmission Q4 results: Consolidated PAT up 85% YoY to Rs 440 cr

Consolidated revenue from operations during the quarter under review rose 17% to Rs 3,031 crore as against Rs 2,556 crore in the same quarter of last year

Adani Group stocks lose $10 billion in value as MSCI exclusion weighs

Adani Total Gas Ltd. and Adani Transmission Ltd. - the two stocks to be dropped from the MSCI India gauge at the end of this month

Adani Transmission seeks shareholders' nod to raise up to Rs 8,500 cr

Adani Transmission has sought shareholders' approval to raise up to Rs 8,500 crore through issuance of equity shares on qualified institutional placement basis. The company has sought shareholders' approval through postal ballot to raise up to Rs 8,500 crore by way of qualified institutional placement through issuance of equity shares and/or other eligible securities to eligible investors, a BSE statement showed. The board of directors of the company at its meeting held on May 13, 2023 approved the proposal of raising funds by way of issuance of equity shares of face value Rs 10 and/or other securities convertible into equity shares (including warrants, or otherwise). The company explained that it anticipates growth opportunities in its existing operations and continues to evaluate various avenues for organic expansion and achieving inorganic growth. Towards this, the company continues to require capital for achieving such growth and expansion. The proposed resolution, if approved

Sensex gains 318 pts as investors cheer dip in inflation; Realty stks rally

CLOSING BELL: The NSE Nifty 50 ended with a gain of 84 points; Realty index soared over 4%; auto and bank shares also logged significant gains.

Adani Group shares trade weak in a firm market; decline up to 5%

In past two days, stock price of Adani Transmission and Adani Total Gas dipped 7 per cent and 9 per cent, respectively, after Global index provider MSCI dropped these stocks from its India index.

Adani Transmission's board approves plan to raise up to $1 billion

India's Adani Transmission said its board on Saturday approved a plan to raise up to 85 billion rupees ($1.0 billion) from the market

Sensex up 123 pts, Nifty holds 18,300 ahead of CPI data; banks lend support

CLOSING BELL: Eicher Motors, M&M, IndusInd Bank, Axis Bank, HUL, Tata Motors, HDFC Bank, SBI, Hero MotoCorp, Bajaj Finance and ICICI Bank were the top gainers of the day

MSCI to drop Adani Transmission, Adani Total Gas from India index on May 31

Stocks to be assigned 'zero' value if they get locked in lower circuits that day

MSCI drops Adani Transmission and Adani Total Gas from India index

The exclusion follows changes in MSCI's calculation on the amount of shares considered freely tradable in the public market for the two companies

Three Adani firms consider raising up to $5 bn after $2.5 bn share sale

The three companies said on Wednesday they were holding board meetings on Saturday to consider proposals to raise funds. They did not disclose how much they intended to raise