Adani Energy Solutions Ltd—the power transmission unit of the Adani Group—raised $1 billion through a share sale on Tuesday, July 30. Marking a market return, this was the first ever public equity fundraise by billionaire Gautam Adani’s ports-to-power conglomerate since the Hindenberg-led market rout. Adani Energy Solutions Ltd raised the […]
Gautam Adani
Ambuja Cements share price will be in focus on Friday after the Adani Group firm announced the acquisition of Penna Cement Industries Ltd (PCIL) at an enterprise value of ₹10,422 crore. Ambuja Cements will acquire 100% shares of PCIL from its existing promoter group, Pratap Reddy and family and the […]
Shares of Paytm surged by 5 per cent for the second consecutive session on May 30. The stock experienced a significant rally following reports that billionaire Gautam Adani is contemplating acquiring a stake in Paytm’s parent company, One97 Communications. The stock finally closed at ₹377.40 per share on Thursday. However, […]
Shares of Adani Enterprises Ltd., the flagship of Indian billionaire Gautam Adani’s group, have erased all the losses inflicted by a scathing short-seller report in early 2023, after the conglomerate cut debt and landed major projects. The stock crawled back losses of more than $30 billion that came after US-based […]