Browsing: Adani Enterprises

Onus on SEBI to complete time-bound probe

The Adani Group is a globally renowned Indian multinational conglomerate with a diversified portfolio that spans various industries including energy, infrastructure.

Adani Enterprises Limited (AEL), which had been rising for almost a week, closed the day lower yesterday and fell roughly 8% today.

Most of the Adani group stocks extended gains in Wednesday’s opening trading session, even as Sensex and Nifty fell about 0.5%.

The Supreme Court did right to form a committee to look into the problems with the Hindenburg Research report on the Adani Group.

Shares of Gautam Adani’s flagship entity, Adani Enterprises, have rallied 43.28 17 percent in the last five days amid positive news flows about the company.

Questions from all around the world are sure to start pouring in when one of the richest businessmen in the world’s reputation is tarnished.

Adani Ports said it is considering repaying debt of about Rs 5,000 crore in FY24.

There are increasing indications that investors in Indian stocks are looking past the problems facing the Adani Group.

The company’s operational income increased by 42 percent, from Rs 18,757.9 crore to Rs 26,612.2 crore.

SBI & LIC have also come under fire for their investments in and debt exposure to Gautam Adani-owned businesses.

The chairman of the Adani Group, Gautam Adani, has re-entered the Forbes list of the world’s wealthiest individuals. He has the 17th spot.

The promoters of Adani Group will pay $1,114 million in advance to free the pledged shares before their maturity in September 2024.

Total losses in stocks of 7 listed Adani group companies hit $100 bln since Hindenburg report.