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Adani Group firms rejected reports about the National Securities Depository Limited (NSDL) freezing the funds' accounts. (Reuters Photo)

Adani Group shares trading mixed after NSDL clarification

By hindustantimes.com | Written by Meenakshi Ray, New Delhi
PUBLISHED ON JUN 15, 2021 10:53 AM IST
Adani Group flagship Adani Enterprises on Monday closed down 6.3 per cent after plunging as much as 25 per cent over the report about National Securities Depository Limited.
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)

Adani shares tank amid FPI a/c confusion

Livemint | By Nasrin Sultana, Ravindra Sonavane, Mumbai
PUBLISHED ON JUN 15, 2021 03:19 AM IST
  • The accounts of Albula Investment Fund, Cresta Fund and APMS Investment Fund were frozen on or before May 31, according to the depository’s website, although that only reflects part of the story.
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(REUTERS)
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(REUTERS)

Adani Group shares lose $6 billion despite rejecting reports on investors

Reuters | , Chennai
PUBLISHED ON JUN 14, 2021 08:00 PM IST
Adani Group flagship Adani Enterprises closed down 6.3% after plunging as much as 25%, its steepest fall in nearly a decade.
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)
The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad.(Reuters File Photo)

Accounts of 3 FPIs owning Adani Group shares frozen by NSDL: Report

By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON JUN 14, 2021 09:57 AM IST
Together, the three FPIs own over 43,000 crore in four companies of Adani Group. According to news agency Reuters, the NSDL's move could be because of inadequate beneficial ownership documentation.
File photo of Gautam Adani, Chairman of Adani Group.(Reuters)
File photo of Gautam Adani, Chairman of Adani Group.(Reuters)

Adani Enterprises shares hit new record high

By hindustantimes.com | Edited by Amit Chaturvedi, Hindustan Times, New Delhi
PUBLISHED ON JUN 02, 2021 03:38 PM IST
Adani Enterprises Ltd is the flagship company of Adani Group. Over the years, Adani Enterprises has focused on building emerging infrastructure businesses and divesting them into separate listed entities.
Billionaire Gautam Adani's wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index.(Reuters file photo)
Billionaire Gautam Adani's wealth has massively increased this year and seen a rise of $32.7 billion, according to the Bloomberg Billionaires Index.(Reuters file photo)

Gautam Adani overtakes China's Zong Shanshan to become Asia's 2nd wealthiest

By hindustantimes.com | Written by Deepali Sharma | Edited by Poulomi Ghosh, Hindustan Times, New Delhi
PUBLISHED ON MAY 20, 2021 10:11 PM IST
  • As per the Bloomberg Billionaires Index, Ambani is the 13th richest person in the world, followed by Adani at 14th.
An oxygen tanker arrives to replenish stocks at the LNJP Hospital, in New Delhi. (Sanjeev Verma/ Hindustan Times)
An oxygen tanker arrives to replenish stocks at the LNJP Hospital, in New Delhi. (Sanjeev Verma/ Hindustan Times)

Adani Group procures 48 oxygen carrying tanks for fight against Covid-19

PTI | , New Delhi
PUBLISHED ON MAY 08, 2021 06:36 PM IST
The Adani Group has already procured 48 cryogenic tanks capable of carrying 780 tonnes of liquid oxygen across the nation, a group spokesperson said.
Indian billionaire Gautam Adani speaks during an interview, (REUTERS)
Indian billionaire Gautam Adani speaks during an interview, (REUTERS)

Adani becomes 3rd Indian group to cross $100 billion in market capitalisation

PTI | , Mumbai
PUBLISHED ON APR 06, 2021 08:27 PM IST
Gautam Adani has over two decades built an empire that now spans from mines, ports and power plants to airports, data centre, city gas and defence.
Adani Ports and SEZ Ltd in 2020 won a bid to build and operate Yangon International Terminal.(Reuters)
Adani Ports and SEZ Ltd in 2020 won a bid to build and operate Yangon International Terminal.(Reuters)

India's Adani Group to consult on Myanmar project after report on military links

Reuters | | Posted by Kunal Gaurav, Chennai
PUBLISHED ON MAR 31, 2021 07:35 PM IST
Adani's port projects in Australia and India's southern Tamil Nadu state have also been criticised by activist groups, politicians and locals over environmental concerns.
General Min Aung Hlaing during a televised statement on Feb. 11, 2021 in Myanmar.(AP)
General Min Aung Hlaing during a televised statement on Feb. 11, 2021 in Myanmar.(AP)

No engagement with Myanmar military over port deal: Adani group

By HT Correspondent, New Delhi
PUBLISHED ON MAR 31, 2021 01:55 AM IST
“We are watching the situation in Myanmar carefully and will engage with the relevant authorities and stakeholders to seek their advice,” a spokesperson for Adani Ports and Special Economic Zone (APSEZ) said.
"There is no reason to sell this airport, but just to help the businessman. AAI has been giving crores of tax to the GoI," they said. In picture - Thiruvananthapuram airport.(Facebook/Trivandrum Airport)
"There is no reason to sell this airport, but just to help the businessman. AAI has been giving crores of tax to the GoI," they said. In picture - Thiruvananthapuram airport.(Facebook/Trivandrum Airport)

Employees protest at Trivandrum airport against takeover by Adani Group

PTI | , Thiruvananthapuram
PUBLISHED ON JAN 19, 2021 06:50 PM IST
The protest was held hours after the Adani Group signed concession agreements at Delhi on Tuesday with the Airports Authority of India (AAI).
Farmers, mostly from the northern state of Punjab, fear that the removal of state support will make them vulnerable to market-driven price fluctuations.(ANI)
Farmers, mostly from the northern state of Punjab, fear that the removal of state support will make them vulnerable to market-driven price fluctuations.(ANI)

Ambani, Adani caught in crossfire over farm laws in India

Bloomberg |
PUBLISHED ON JAN 18, 2021 01:28 PM IST
More than 1,500 phone towers of Ambani’s wireless carrier were vandalized last month and some farmers called for a boycott of their businesses.
Adani Group chairman Gautam Adani.(Reuters)
Adani Group chairman Gautam Adani.(Reuters)

Adani Group rebuts allegations, says no loan to it turned NPA

PTI | , New Delhi
PUBLISHED ON JAN 16, 2021 08:43 PM IST
The ports-to-energy conglomerate said it has built stellar infrastructure assets in the nation adopting prudent corporate governance.
The Adani group clinched the six airports — Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru — in a global competitive bid by offering the highest revenue share to the government.(MINT_PRINT)
The Adani group clinched the six airports — Ahmedabad, Jaipur, Lucknow, Guwahati, Thiruvananthapuram and Mangaluru — in a global competitive bid by offering the highest revenue share to the government.(MINT_PRINT)

Panel ignored advice on bidder: Officials

By HT Correspondent, New Delhi
UPDATED ON JAN 16, 2021 04:26 AM IST
The Union cabinet chaired by Prime Minister Narendra Modi on November 8, 2018 gave “in-principle” approval for leasing out six airports of the state-run Airports Authority of India through the public private partnership appraisal committee.
The revised bids were called after Adani group made an unsolicited offer to buy the entire company instead of the select assets it had bid for earlier(Reuters File Photo)
The revised bids were called after Adani group made an unsolicited offer to buy the entire company instead of the select assets it had bid for earlier(Reuters File Photo)

Oaktree Cap emerges as highest bidder for DHFL

Mint, Mumbai | By Gopika Gopakumar
PUBLISHED ON DEC 15, 2020 12:28 AM IST
Oaktree Capital offered to pay Rs32,700 crore in the fourth round of bidding for mortgage lender DHFL’s entire portfolio, followed by Piramal with Rs32,350 crore and Adani Enterprises with Rs29,860 crore, the people aware of the development said.
With its name echoing in farmer protests against agri reform bills, Adani Group has said it neither buys food grains from farmers nor decides the pricing of food grains(REUTERS)
With its name echoing in farmer protests against agri reform bills, Adani Group has said it neither buys food grains from farmers nor decides the pricing of food grains(REUTERS)

Adani Group clarifies it does not buy food grains from farmers; only manages storage for FCI

New Delhi | By Press Trust of India | Posted by Ayshee Bhaduri
PUBLISHED ON DEC 09, 2020 07:43 PM IST
The statement came as farmer groups in their agitation against the three farm reforms bills that among other things give farmers the freedom to sell their produce to anyone, alleged that the legislations were brought to favour Ambani and Adani.
The decision to seek revised bids till December 10 was taken after Adani Group made a higher unsolicited bid for the entire portfolio last week.(Mint)
The decision to seek revised bids till December 10 was taken after Adani Group made a higher unsolicited bid for the entire portfolio last week.(Mint)

DHFL lenders push deadline to Dec 10

Hindustan Times, Mumbai | By Gopika Gopakumar, Mumbai
PUBLISHED ON NOV 27, 2020 11:45 PM IST
In case any of the bidders fail to offer an improved plan before the deadline, the CoC will consider the one submitted on November 17 as the final resolution plan.
DHFL’s committee of creditors met last Tuesday to discuss ways to deal with the issues involving the offers made by the four bidders(Mint)
DHFL’s committee of creditors met last Tuesday to discuss ways to deal with the issues involving the offers made by the four bidders(Mint)

Lenders likely to seek new bids for DHFL

Livemint, Mumbai | By Gopika Gopakumar and Anirudh Laskar
UPDATED ON NOV 25, 2020 09:17 AM IST
The decision by the lenders to start the bidding process all over again comes after the Adani group’s unsolicited offer last week to buy the entire company instead of the select assets it had bid on earlier
Adani had bid around ₹2,700 crore for the wholesale/slum redevelopment authority books only.(Twitter/@AdaniOnline)
Adani had bid around ₹2,700 crore for the wholesale/slum redevelopment authority books only.(Twitter/@AdaniOnline)

Adani group’s surprise sparks new auction for DHFL’s assets

Livemint, Mumbai | By Anirudh Laskar
PUBLISHED ON NOV 17, 2020 07:58 AM IST
The sale process took a dramatic turn on Saturday after Adani Enterprises Ltd made an unsolicited bid for the assets of DHFL after the deadline for submitting revised bids ended on November 9.
Bidders have suggested that after the acquisition, DHFL will issue non-convertible debentures (NCDs) at 6.5% coupon to lenders, existing NCD holders and also to themselves. (Photo by Aniruddha Chowdhury/Mint)
Bidders have suggested that after the acquisition, DHFL will issue non-convertible debentures (NCDs) at 6.5% coupon to lenders, existing NCD holders and also to themselves. (Photo by Aniruddha Chowdhury/Mint)

FD holders left out of DHFL’s resolution bids

Livemint, Mumbai | By Gopika Gopakumar
PUBLISHED ON NOV 10, 2020 11:28 PM IST
DHFL’s committee of creditors (CoC) has received revised bids from Adani Group, Piramal Enterprises, US-based Oaktree Capital and Hong Kong-based SC Lowy to either buy a stake in the company or buy out its assets, two people familiar with the development said.
The lenders’ decision comes after the committee of creditors met on Monday.(Mint)
The lenders’ decision comes after the committee of creditors met on Monday.(Mint)

DHFL lenders seek higher bids by Oct 31 after CoC meet

Hindustan Times, Mumbai | By Gopika Gopakumar, Mumbai
PUBLISHED ON OCT 26, 2020 11:28 PM IST
DHFL has received bids from Adani Group, Piramal Enterprises, US-based Oaktree and Hong Kong-based SC Lowy to either pick a stake in the company or buy out assets.
Gautam Adani speaks during an interview with Reuters at his office. Representational image.(REUTERS)
Gautam Adani speaks during an interview with Reuters at his office. Representational image.(REUTERS)

Adani Group set to begin airport operations in 3 new cities, including Ahmedabad

Hindustan Times, New Delhi | By hindustantimes.com | Edited by Srivatsan K C
PUBLISHED ON OCT 23, 2020 05:14 PM IST
The decision has been made after the company was asked by the Airports Authority of India (AAI) to take over the three airports before November this year.
Last month, the Adani group said it will take control of India’s second-busiest airport of Mumbai.
Last month, the Adani group said it will take control of India’s second-busiest airport of Mumbai.

Adani may get Essel’s transmission project

Livemint | By Swaraj Singh Dhanjal
UPDATED ON OCT 21, 2020 06:14 AM IST
The 4,000-crore project involves laying about 941km of transmission lines across Maharashtra, Telangana and Andhra Pradesh, and building a sub-station at Warangal

QIA in advanced talks to invest in Mumbai airport

Livemint, Mumbai | By Tanya Thomas and Deborshi Chaki
PUBLISHED ON OCT 12, 2020 06:37 AM IST
Adani Airport, a unit of Adani Enterprises Ltd, is looking to raise $750 million from the stake sale, the first of the two people said.
Rajasthan chief minister Ashok Gehlot.(Anshuman Poyrekar/HT Photo)
Rajasthan chief minister Ashok Gehlot.(Anshuman Poyrekar/HT Photo)

Rajasthan to get Rs 50,000 crore investment, 7,500 people to receive employment

Hindustan Times, Jaipur | By Sachin Saini | Edited by Sparshita Saxena
UPDATED ON JUN 09, 2020 06:51 PM IST
The state government has given nod to the proposal by Adani Green Energy Limited to set up solar power parks at five locations.
Adani Enterprises Ltd has won the bid to manage and operate the Thiruvananthapuram International Airport for 50 years.
Adani Enterprises Ltd has won the bid to manage and operate the Thiruvananthapuram International Airport for 50 years.

Kerala moves Supreme Court against airport handover to Adani

Hindustan Times, New Delhi | By HT Correspondents
UPDATED ON FEB 21, 2020 12:01 AM IST
The petition in the Supreme Court follows a December 2019 ruling by the Kerala high court which dismissed a plea by the Kerala government on grounds that the case involved a dispute between the Centre and the state which only the Supreme Court is empowered to hear under Article 131 of the Constitution.
Mundra SEZ has raised concerns among fishing families.(Reuters)
Mundra SEZ has raised concerns among fishing families.(Reuters)

Govt may take final call on relief for Adani from public hearing

Hindustan Times, New Delhi | By Jayashree Nandi
UPDATED ON FEB 19, 2020 01:57 AM IST
Around 30,000 families are engaged n fishing in Kutch many of whom are impacted by the SEZ project,according to Bharat Patel, general secretary of Machchimar Adhikar Sangharsh Sangathan, which represents the fishing community.
Gautam Adani, chairman of the Adani Group during a press conference announcing their new brand identity in Mumbai.(Photo: ABHIJIT BHATLEKAR/MINT)
Gautam Adani, chairman of the Adani Group during a press conference announcing their new brand identity in Mumbai.(Photo: ABHIJIT BHATLEKAR/MINT)

Mundra port: Adani group seeks exemption from public hearings

Hindustan Times, New Delhi | By Jayashree Nandi
UPDATED ON JAN 28, 2020 04:30 AM IST
The move has sparked resistance from the fishing communities in villages in and around Mundra on the grounds that their point of view must be heard before granting any permissions.
The company is looking at going to newer locations as well and also adding to its land bank to house the facilities. (Representational image)(HT file)
The company is looking at going to newer locations as well and also adding to its land bank to house the facilities. (Representational image)(HT file)

NTT to invest estimated USD 1.5 bn in data centres in India

Mumbai | By Press Trust of India
PUBLISHED ON JAN 22, 2020 06:03 PM IST
India is the fastest growing region for NTT and a substantial amount of the USD 7 billion commitment will be invested . Read on to know more...
AAI has recommended the Centre to privatise airports at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy(Satish Bate/HT Photo)
AAI has recommended the Centre to privatise airports at Amritsar, Varanasi, Bhubaneswar, Indore, Raipur and Trichy(Satish Bate/HT Photo)

AAI recommends Centre to privatise 6 airports including Amritsar, Varanasi: Report

New Delhi | By Press Trust of India
PUBLISHED ON DEC 01, 2019 04:49 PM IST
In February this year, in the first round of airport privatisation, the Adani Group bagged contract for all six airports by winning the bids with huge margins.
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