Ahead of the ₹ 20,000 crores follow-on-public offer, the share prices of Adani Group companies suffered deep cuts. They were trading in the red, following a negative report by Hindenburg Research, an American short-selling firm, saying that it held short positions in the Indian group through US-traded bonds and non-Indian-traded derivative instruments. The shares of [...]
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 [...]
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 shares of Adani Ports and Special Economic Zone Limited inches marginally higher and were trading at Rs 956 levels till 11.40 am on Thursday. The shares zoomed by 2 per cent to reach their 52-week high of Rs 958.80 in the early hours on Wednesday. In the last five trading days, the stock has [...]
Adani Ports and Special Economic Zone Ltd is trading near its 52-week low of Rs 651.95. In the last month, the stock has dropped by 9%. In Friday's trading session, the stock closed at Rs 678.30. The current level represents an approximate decline of 38% from its 52-week high of Rs 924.65. The company was [...]
APSEZ continues to make significant investments in logistical assets. Adani Ports and Special Economic Zone Ltd (APSEZ) will have no trouble acquiring Container Corporation of India Ltd (Concor) from the government, according to Chief Executive Officer Karan Adani, who added that the money would be for "time value" to expedite the strategy despite the possibility [...]
