Adani Infra (India) Limited, a subsidiary of Adani Enterprises Limited, has signed a definitive agreement to acquire a 30.07% equity stake in PSP Projects Limited for ₹685 crore. This deal involves purchasing approximately 1.19 crore equity shares from Prahladbhai S. Patel, the current chairman and managing director of PSP Projects. The acquisition price, at ₹575 […]
In a fresh regulatory blow to the Adani Group, India’s market regulator, the Securities and Exchange Board of India (SEBI), has issued show-cause notices to six companies within the conglomerate. The notices, filed under scrutiny for non-compliance with listing regulations and questionable related party transactions, affect several of Adani’s prominent companies, including Adani Enterprises, Adani […]
Adani Enterprises Limited, the flagship company of the Adani Group, has announced the early closure of its public issuance of ₹800 crore in secured non-convertible debentures (NCDs). Initially scheduled to close on September 17, 2024, the issue will now close on September 6, 2024. This decision was approved by the company’s Management Committee of the […]
Adani Enterprises Ltd (AEL), a pivotal entity within the Adani Group, has reported substantial growth in its financial results for the fourth quarter and the fiscal year ended March 31, 2024. The consolidated EBITDA for FY24 witnessed a remarkable increase of 32%, amounting to ₹13,237 crores. Additionally, the Profit Before Tax (PBT) surged by 56% […]
In a significant development that marks its foray into the metal industry, Kutch Copper, a subsidiary of Adani Enterprises Limited, has commissioned the first unit of its greenfield copper refinery project at Mundra, dispatching the maiden batch of cathodes to customers. This initiative signifies the Adani Portfolio’s entry into the metal sector, demonstrating the conglomerate’s […]
Adani Portfolio, a leader in infrastructure development in India, has announced a record-breaking EBITDA growth of 47% in the first half of fiscal year 2024 (H1FY24), crossing Rs 43,000 Crore (USD 5.3 billion). This represents the highest ever half-year growth for the company. In an impressive financial milestone, Adani Portfolio’s core infrastructure businesses, known for […]
Adani New Industries Limited (ANIL) has successfully raised a trade finance facility of $394 million (INR 3,231 Cr) from Barclays PLC and Deutsche Bank AG. This significant financial boost will bolster the working capital requirements for ANIL’s integrated solar module manufacturing facility. As a wholly-owned subsidiary of Adani Enterprises Ltd, Adani New Industries is steering […]
AdaniConneX, a joint venture between Adani Enterprises Ltd (AEL) and EdgeConneX (ECX), has successfully secured a $213 million senior debt facility to finance its ongoing data center projects in Noida and Chennai. This landmark financing deal marks the largest in India’s data center industry and paves the way for the implementation of a sustainable digital […]
The Adani Group has broken ground on an integrated data center and technology business park in Visakhapatnam (Vizag), Andhra Pradesh. The groundbreaking ceremony was attended by Andhra Pradesh Chief Minister YS Jagan Mohan Reddy and some of the prominent officials of the Adani Group. Adani Group’s investments in the Vizag data center and technology business […]
American equity investment boutique GQG Partners has completed a secondary equity transaction worth INR 15,446 crores ($1.87 billion) with the Adani Portfolio companies. The companies that secured the investment include Adani Ports and Special Economic Zone, Adani Green Energy, Adani Transmission, and Adani Enterprises. According to Adani Enterprises, the investment makes GQG Partners an important […]