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Logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad, Gujarat. FILE | Photo Credit: REUTERS Shares of all Adani Group companies tumbled on Tuesday as the initial trend showed BJP winning a lesser number of seats than predicted in exit polls. The stock of Adani Ports plummeted 20 per…
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Adani Power proposed to acquire 100% share capital and control of Lanco Amarkantak Power New Delhi: Fair trade regulator Competition Commission of India (CCI) cleared Adani Power’s proposed acquisition of Lanco Amarkantak Power. Adani Power proposed to acquire 100% share capital and control of the Lanco Amarkantak Power, pursuant to the corporate insolvency resolution process…
Read More “Adani Power Gets Anti-Trust Body CCI Nod To Acquire Lanco Amarkantak Power” »
Adani Power Limited’s bank loan facilities were rated ‘A’ with a stable outlook earlier. | Photo Credit: Photo Credit: X/@CRISILLimited Crisil Ratings has upgraded its ratings on Adani Power Limited’s (APL) ₹38,000 crore of bank loan facilities to ‘AA-‘, saying the business and financial risk profile of the company has seen “strong improvement”. The loan…
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Aam Aadmi Party MP Sanjay Singh addressing a press conference, in New Delhi, on May 22, 2023. | Photo Credit: PTI Aam Aadmi Party (AAP) Rajya Sabha MP Sanjay Singh on August 28 demanded action against officials and Ministers in Gujarat for an alleged excess payment made to Adani Power Mundra Limited (APMuL) over five…
Read More “After Congress, AAP demands probe into Adani Power issue” »
The logo of the Adani group is seen on the facade of one of its buildings on the outskirts of Ahmedabad. File | Photo Credit: REUTERS U.S.-based boutique investment firm GQG Partners has invested $1.1 billion in Adani Power for an 8.1% stake, sources with knowledge of the matter said on Wednesday. GQG Partners bought…
Read More “GQG picks up 8.1% in Adani Power for $1.1 billion” »
