Business

The Adani Group has no involvement in any Swiss court proceedings

September 12, 2024 Vinayak Barot

Adani Group spokesperson said, “We unequivocally reject and deny the baseless allegations presented. The Adani Group has no involvement in any Swiss court proceedings, nor have any of our company accounts been subject to sequestration by any authority. Furthermore, even in the alleged order, the Swiss court has neither mentioned our group companies, nor have we […]

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Business

Adani Ports & SEZ to develop multipurpose berth at Gujarat’s Kandla Port

September 11, 2024 Vinayak Barot

Ahmedabad, 11 September 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest port developer-cum-operator, has signed a concession agreement with DPA to develop Berth No. 13 at Deendayal Port, Kandla, Gujarat. APSEZ has incorporated a wholly owned subsidiary, DPA Container and Clean Cargo Terminal Limited (DPACCCTL), that will carry out operations at the […]

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Business

Adani Airports launches ‘aviio’ to provide real-time data on passenger, baggage flow

September 10, 2024 Vinayak Barot

New Delhi, Sep 10, Adani Airports Holdings Ltd, the Adani group firm that operates seven airports in the country, has launched ‘aviio’ digital platform that will provide real-time data on passenger movement, baggage flow, wait time at gates and bags on belt. Aviio aspires to bring the aviation community together to collaborate and serve passengers […]

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Business

Adani Green Energy fully redeems USD 750 Mn Holdco Notes

September 9, 2024 Vinayak Barot

Ahmedabad, 9 September 2024: Adani Green Energy Ltd (AGEL) completes redemption of all outstanding USD 750 million 4.375% Holdco Notes due on 8 September 2024. This follows AGEL’s announcement, in January 2024, to fully backstop the Holdco Notes through a fully funded redemption reserve account maintained eight months prior to the redemption date to facilitate […]

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Business

Adani Green and TotalEnergies Strengthen Partnership with Strategic Joint Venture

September 3, 2024 Vinayak Barot

Ahmedabad, 3 September 2024: Adani Green Energy Limited (AGEL), India’s largest renewable energy company, and TotalEnergies, have announced a strategic joint venture (JV), equally owned by both entities, aimed at managing a portfolio of solar projects totaling 1,150 MW. The projects are located at the world’s largest renewable energy plant in Khavda, Gujarat. AGEL will […]

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Business

APSEZ acquires 80% stake in global OSV operator Astro Offshore for USD 185 Mn

August 30, 2024 Vinayak Barot

Ahmedabad, 30 August 2024: Adani Ports and Special Economic Zone Ltd (APSEZ), India’s largest ports and logistics company, has entered into a definitive agreement to acquire 80% stake in Astro, in an all-cash deal for USD 185 million, implying an EV of USD 235 million and EV / FY25E EBITDA at 4.4x. The transaction is expected […]

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Business

Adani Enterprises Limited Announces Maiden Public Issuance of Secured Non-Convertible Debentures

August 29, 2024 Vinayak Barot

Ahmedabad, August 29, 2024:  Adani Enterprises Limited (“the Company” or “AEL”), the flagship company of the Adani Group and one of India’s largest business incubators in terms of market capitalization with a long track record of creating sustainable infrastructure businesses since 1993, has announced the launch of its maiden public issuance of secured, rated, listed […]

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Adani to sell 3% in Ambuja Cement for $500 mn as part of holdings adjustment in group

August 22, 2024 Vinayak Barot

New Delhi, Aug 22, Adani group promoters may sell up to 3 per cent of their shares in Ambuja Cements as part of a regular adjustment of holdings they carry to keep stake across the ports-to-energy conglomerate at desired levels, sources said. Promoters will sell about 7 crore shares, or 2.84 per cent, in the […]

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Adani group EBITDA surges 33% in Q1, leverage at multi-year low

August 19, 2024 Vinayak Barot

New Delhi : Billionaire Gautam Adani’s ports-to-energy conglomerate saw June quarter pre-tax profit surge by 33 per cent on back of strong performance by core infrastructure business as also emerging businesses ranging from solar and wind manufacturing to airports. “EBITDA (in April-June) surged by 32.87 per cent year-on-year to reach Rs 22,570 crore, resulting in […]

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FSC Mauritius says fund at heart of Hindenburg allegations against Sebi chief not domiciled in Mauritius

August 14, 2024 Vinayak Barot

New Delhi,‎ Financial Services Commission of Mauritius on Tuesday said the offshore fund at the heart of the conflict of interest allegation Hindenburg Research levelled against Sebi chief is not domiciled in the Island nation, and that it does not permit the creation of shell companies. In a statement, FSC said it has taken cognizance […]

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