Adani Group News
Ambuja’s Orient buy steps up cement war
Ambuja Cements, part of Adani Group, will acquire a 46.8% stake in Orient Cement Ltd for ₹8,100 crore. The deal includes an open offer for an additional 26% stake and aims to enhance Ambuja’s cement capacity to 100 MTPA by FY25.
6 min read22 Oct 2024Adani Group delays $1.5 billion worth 20-year Green Bond sale amid market conditions
Adani Group has delayed a $1.5 billion green bond sale initially marketed at 7 per cent. The funds were intended for foreign-currency loan repayment. The deal may return post-November state elections as the conglomerate seeks to rebuild investor confidence after a significant stock rout in 2023.
1 min read16 Oct 2024Adani plans to invest $3 bn to kickstart semiconductor biz via JVs with two Israeli firms
Adani Group has drawn an overall investment plan worth $7-8 billion for semiconductor business. The group is in advanced talks to forge JVs with two Israeli firms to kickstart its first semiconductor facility with an initial investment of around $3 billion.
5 min read16 Oct 2024Retail investors cut stakes in 7 out of 11 Adani Group companies in Q2
In Q2FY25, retail investors trimmed holding in 7 of 11 Adani Group stocks, with Adani Green Energy seeing the largest drop. Eight group stocks ended in the red, while only three stocks posted gains during the quarter.
2 min read15 Oct 2024Adani Enterprises in talks with Gulf-based sovereign funds to raise $2 billion through QIP: Report
Adani Enterprises is reportedly in talks with institutional investors, including Abu Dhabi Investment Authority, Qatar Investment Authority, and Rajiv Jain’s GQG to raise $2 billion through a qualified institutional placement.
2 min read9 Oct 2024Two years since Adani bought Ambuja and ACC, is a merger on cards?
The merger may create a Rs2 trillion cement behemoth and smoothen Adani Group’s processes to help it grow faster to compete against Aditya Birla Group’s UltraTech Cement Ltd. as the group aspires to achieve the top spot in the cement industry
5 min read8 Oct 2024Adani Enterprises merges two subsidiaries with Adani New Industries Limited
Adani Group’s flagship company, Adani Enterprises, announced that the conglomerate has merged two of its subsidiaries with Adani New Industries Limited, according to the company’s BSE filing on Wednesday
1 min read2 Oct 2024Adani Enterprises’ $1.3 billion stake sale expected to start early next week: Report
Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and is expected to start the process as early as the week starting Oct. 7, reported Bloomberg
2 min read1 Oct 2024Adani Group should not rush Dharavi, says top US professor Robert Edward Freeman
The father of stakeholder theory said it would take at least 10 years to gain the support of stakeholders, citing his past experience in the redevelopment of Jakarta’s largest slum.
5 min read24 Sep 2024Adani Ports: Motilal Oswal recommends ‘buy’ with up to 29% upside
Motilal Oswal maintains a ’buy’ rating for Adani Ports, targeting ₹1,850. The firm anticipates 11 per cent cargo growth from FY24 to FY26, despite temporary disruptions. APSEZ aims to be India’s largest transport utility by 2030, bolstered by strategic investments and acquisitions.
3 min read23 Sep 2024Popular Topics
Budget
The Union Budget contains details about the estimated receipts and the expenditure of the government for a particular fiscal year. The Budget is allotted for the upcoming fiscal year, which runs from 1st April to 31st March of the next year. Here is a quick guide on how the Union Budget is prepared