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The Adani Group has rejected the allegations as unfounded and said it will take all legal steps available to defend its position. Adani Group stocks today: Shares of several Adani Group companies including Adani Green, Adani Enterprises, Adani Energy and Adani Ports have dropped by up to 10% after the US Securities and Exchange Commission…
NEW DELHI: The US Securities and Exchange Commission has asked a US court for permission to personally email summons to Indian billionaire Gautam Adani and group executive Sagar Adani over alleged fraud and a $265 million bribery scheme, filings show.India, the SEC said, has previously refused two requests to serve the summons. In the most…
NEW DELHI: India will soon join a select group of nations that have a final assembly line (FAL) for commercial fixed-wing aircraft. The Adani Group has tied up with Brazil’s Embraer to make in India the latter’s popular regional jets, which are operated on short- to medium-haul routes with seating capacity ranging from 70 to…
Adani Enterprises Limited’s (AEL) Rs 1,000 crore public issue of non-convertible debentures (NCDs) was fully subscribed within just 45 minutes of opening on Tuesday.The base issue size of Rs 500 crore was fully subscribed in about 10 minutes, while overall subscription crossed Rs 1,000 crore, including the green shoe option, in under an hour. According…
Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu hydro power project in Bhutan Adani Group officially commences 570 MW Wangchhu…
MUMBAI: In what will be its third NCD offering since its incorporation in 1993, Adani Enterprises will enter the bond market next week with a Rs 1,000 crore issue. The funds raised through the non-convertible debentures (NCDs) will largely be used to pare debt of over Rs 70,000 crore as of Sept 2025. The issue…
India’s aviation policy has created a gap between airport operators and airlines as Adani Group is urging the Centre to expand international flying rights while others argue for limitations. The infrastructure gaint, which operates eight airports across India, has asked the government to accelerate negotiations with several countries, including the UAE, Saudi Arabia, Qatar, Singapore,…
Ambuja Cements has moved to consolidate the Adani Group’s cement assets by approving schemes to merge ACC and Orient Cement into itself, creating a single listed platform aimed at sharper operating leverage and cost synergies.The transaction is entirely share-based, with no cash payout. ACC shareholders will receive 328 Ambuja shares of face value Rs 2…
MUMBAI: Adani Group, India’s fifth-largest conglomerate by market value, intends to bid for nearly a dozen airports slated for privatisation as part of its Rs 1-lakh-crore investment plan for aviation infrastructure over the next five years. Earlier this year, govt announced plans to lease out 11 airports, including those in Amritsar and Varanasi.“Out of the…
