An expert committee appointed by the Supreme Court said it cannot conclude any regulatory failure around Adani Group's stock rallies, and that Sebi has "drawn a blank" in its probe into alleged violations in money flows from offshore entities into the conglomerate. But the six-member panel said there was an evidence of a build-up in [...]
All the Adani Group stocks are trading in the green today with the parent company, Adani Enterprises Limited, moving the most witnessing a gain of around 5.1 percent currently available for Rs 1,989. In the last one-month period, the stock has gained more than 10 percent ranging from Rs 1,803.15 to the current levels. One [...]
Mutual funds have mostly trimmed their stakes in Adani Group companies after the Hindenburg Report, however, the Life Insurance Corporation of India (LIC) has upped its stake in four companies of the group in the January to March quarter of 2023 (Q4FY23), amid the massive sell-off. LIC has increased its stake in Adani Green Energy, [...]
Domestic markets were trading higher on Monday, the first trading day of the financial year 2023-24, on the back of a rally in auto shares. The BSE Sensex started the week at 59131.16 points and the NSE Nifty 50 at 17427.95 points. The Reserve Bank of India’s three-day monetary policy started on Monday and the [...]
In a filing with the exchange yesterday, Adani Power Ltd (APL) mentioned that it has sold a 100% stake in Support Properties Pvt. to AdaniConnex Pvt. at an enterprise value of Rs 1,556.5 crores. The filing further mentioned that the parties have executed a Share Purchase Agreement and concluded the transaction. Earlier in November 2022, [...]
The Gautam Adani-owned conglomerate issued a statement on Sunday mentioning that it has prepaid a $500 million facility it had taken for Ambuja acquisition financing, adding that the payment came in continuation of promoter’s commitment to repay the leverage. With respect to the same, the group quoted in its release that "This is in line [...]
Domestic benchmark indices opened in the Red on Monday. The thirty-share BSE Sensex opened 132.62 points lower at 59331.31 points and the fifty-share NSE Nifty 50 opened 37.2 points lower at 17428.60 points. On Friday, the indices posted their biggest single-day gain in the past few weeks. The rally in Adani group stocks added a [...]
After a massive loss in market capitalization, following the Hindenburg report, Adani group stocks seem to have recovered. Adani Enterprises closed 16.60% higher, while Adani Ports and SEZ settled 9.76% higher. Moreover, the other 5 listed companies of the group hit the 5% upper circuit mark on Friday. Company 1 day returns (%) 5 days returnAdani [...]
Friday marked one month of the Hindenburg report that led to a massive wipe-out of more than ₹ 12 lakh crores in the market capitalization of the Adani Group. Following the report, the Adani Group lost its alpha seat on the Indian stock exchanges as many of its shares hit back-to-back lower circuits. Hindenburg Research [...]
Index provider MSCI on Thursday said that it had determined that some securities from the Adani group should no longer be designated as free float. This happened after market participants raised concerns about the eligibility of the conglomerate’s companies for its indices. MSCI will be announcing the changes for Adani’s Securities associated with its MSCI [...]
