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This image is used for representational purpose only. | Photo Credit: Reuters The ₹25,000 crore rights issue of Adani Enterprises Limited (AEL) closed on Wednesday (December 10, 2025) with 108% oversubscription. As of 5 p.m. on the closing day, the offer had received bids for 14.95 crore shares against 13.85 crore shares on offer. Promoters with 74%…
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New Delhi: Kutch Copper Ltd, part of Adani Group, has joined the International Copper Association (ICA) as its newest member. Headquartered in Washington DC, ICA is a not-for-profit trade association representing half the world’s copper production, with 33 members across six continents. Strategically located in Mundra, Gujarat, Kutch Copper is a fully owned subsidiary of…
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U.S. investment banker JP Morgan has given ‘overweight’ rating on four Adani group bonds, comforted by ability to scale and grow using internal cash flows which reduces the scope for credit stress. Also read: Fitch places some Adani bonds on negative watch after U.S. bribery charges In a report, JP Morgan gave ‘overweight’ rating on…
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This grab from a video released by Adani Enterprises Ltd. on Thursday, Feb.2, 2023, shows Indian billionaire Gautam Adani. | Photo Credit: AP Adani Enterprises Ltd opened at ₹2,101, which is 3.8% lower than the previous close on the National Stock Exchange, as the Kenyan government cancelled Adani Group projects in response to the U.S….
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The logo of the Adani Group. | Photo Credit: Reuters Stocks of Gautam Adani’s seven listed companies on the bourses crashed on opening after the New York Eastern district court indicted Gautam Adani, Sagar Adani, Vineet S. Jain and their associates and bribery and securities fraud on Thursday (November 21, 2024). Adani Energy Solutionns fell…
Adani Enterprises has recorded its highest half-yearly EBITDA of Rs 8,654 crore. Ahmedabad: Adani Enterprises, the flagship entity of Adani Group, on Tuesday reported that its net profits during the July-September quarter rose 664 per cent to Rs 1,741 crore. In the year 2023, it was at Rs 228 crore. So far in the two…
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AEL’s current incubation portfolio includes airports and roads in the transport and logistics sector. Ahmedabad: Adani Enterprises Limited (AEL) on Thursday said it has completed the qualified institutional placement (QIP) of equity shares of face value of Rs 1 each of AEL (“Equity Shares”) aggregating to approximately Rs 4,200 crores ($500 million). According to Adani,…
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The Adani Group in a statement called the allegations baseless New Delhi: The Adani Group has called a report in a Swiss media outlet an “orchestrated and egregious attempt by the same cohorts acting in unison” to harm the Group’s reputation and market value. US short seller Hindenburg Research in a post on X claimed…
Adani Enterprises plans to raise up to 8 billion rupees ($95.32 million) via the bond sale Adani Enterprises’ first retail bond was fully subscribed at its launch on Wednesday, stock exchange data showed, in a rare issue on the market. While the group has raised money from institutional investors since allegations made by US short-seller…
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Photo used for representation purpose only. | Photo Credit: Reuters Adani group plans to invest about ₹1.3 lakh crore across its portfolio companies this fiscal as it doubles down on its $100 billion investment guidance over the next 7-10 years to grow businesses, group CFO said on June 25. The investment across portfolio companies that…
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