The Adani Group had started off with a hostile takeover bid for New Delhi Television (NDTV) by indirectly snapping up a 29.18 percent stake in the broadcaster. Along with Vishvapradhan Commercial and AMG Media Networks, the Adani group followed up the takeover with an open offer to purchase an additional 26% of the shareholding in [...]
The shares of HG Infra Engineering Ltd were trading up by 2 per cent at Rs 585 levels till the afternoon on Thursday. The stocks rallied after the company received an order from the Adani group. The company received a letter from Adani Road Transport Ltd regarding the declaration of the appointed date by the [...]
The shares of New Delhi Television Limited (NDTV) hit an upper circuit of 5 percent on Tuesday at Rs 383.05. The stock has been in news for the last few months after the Adani group made a bid to acquire the company in an attempt to gain a larger footprint in the Indian media sector. [...]
The shares of Adani Ports and Special Economic Zone Limited were trading marginally lower at Rs 834 levels till the afternoon on Wednesday. In the past five days, the stock has gained approximately 4 per cent. The Adani group company reported a strong quarterly result. In Q2FY23, their revenue from operations grew by 32.8 per [...]
Domestic Benchmark indices displayed a strong showing on Monday, as they added around 0.8%. The thirty-share index (BSE Sensex) jumped 500 points and ended at 58410 points, while the thirty-share index (NSE Nifty 50) climbed 126 points to end at 17,311 points On Friday, the markets ended marginally higher amid volatility. The BSE Sensex quoted [...]
Part of the Adani Group, Adani Transmission Ltd. (ATL) announced on Thursday that it has secured an order to install and maintain 10.8 lakh smart meters for BEST Mumbai, a civic transport and electricity provider public body. Gujarat-headquartered ATL is one of India’s largest private-sector power transmission companies. It establishes, commissions, operates and maintains electric [...]
Recently Adani Ports and Special Economic Zone Ltd (APSEZ) received approval from the National Company Law Tribunals (NCLT) to acquire the remaining 58.1% stake in the Gangavaram Port Limited (GPL). APSEZ had previously obtained 31.5% of the company from Warburg Pincus and 10.4% from the Andhra Pradesh government early this year. A lot has been [...]
The BSE Sensex and the NSE Nifty 50 ticked half a percent lower and the markets had a muted start. Nervousness persisted among investors amid recession warnings from the IMF and the World Bank and the UD Fed’s decision on interest rate hikes due during the week. The thirty-share Index opened at 58,747.31 points, while [...]
The share price of Adani Group companies has spiralled in the past year and this has played a major role in making Gautam Adani the second richest person in the world. The completion of the acquisition of Ambuja Cement and ACC helped the conglomerate overtake the Tata Group in terms of market capitalization. No-poaching pact [...]
The shares of Ambuja Cements Limited zoomed 10 per cent on Monday’s early trades to hit a record high of ₹ 572.00 apiece on the bourses. The stock surpassed its previous 52-week high of ₹ 550.15 apiece that it had touched on Friday, following the Adani Group’s plans to infuse ₹ 20,000 crores in the [...]
