#Adani Enterprises

[sudeep1224]

The Adani Group of Companies

[flourishloom]

Unveiling the Kotak Mahindra Bank and Hindenburg Saga: What Really Happened?

Source: Internet In a gripping turn of events, Kotak Mahindra Bank has found itself at the center of a sensational controversy involving the short-selling of Adani Enterprises’ shares. This unfolding drama, triggered by a damning report from Hindenburg Research, has led to a wave of investigations and clarifications. Here’s the story behind the headlines.The Hindenburg Report: A Market…

[typoeastnews]

Adani Enterprises Gets Board Approval to Raise Rs 16,600 Crore via QIP

Adani Enterprises has made a significant move to strengthen its financial position. On Tuesday, the company received board approval to raise Rs 16,600 crore through the qualified institutional placement (QIP) route. This method allows listed companies to raise funds by issuing equities to qualified institutional buyers.

In a formal filing to the exchanges, Adani Enterprises, the flagship company of the Adani Group, announced that the board has approved the fund-raising initiative. The plan involves issuing equity shares with a face value of Re 1 each and/or other eligible securities in one or more tranches, not exceeding an aggregate amount of Rs 16,600 crore.

This announcement comes on the heels of a similar move by Adani Energy Solutions, another group company, which received board approval to raise Rs 12,500 crore through the QIP route just a day earlier.

Adani Enterprises’ stock price closed at Rs 3,244.35 per share, down 1.33% on the BSE on the day of the announcement. This fund-raising effort follows a challenging period for the company. In February 2023, Adani Enterprises had to call off its fully subscribed Rs 20,000 crore follow-on public offer (FPO) and return the money to investors after the US-based Hindenburg Research accused the group of stock manipulation and accounting fraud. The conglomerate denied these allegations, but the report led to heavy selling pressure on the stock exchanges, causing a 30-80% crash in the shares of Adani Group companies.

Despite these setbacks, Adani Enterprises and Adani Ports have bounced back, erasing the losses caused by the Hindenburg report. Adani Ports has even risen over 80% from its pre-Hindenburg report levels.

In terms of financial performance, Adani Enterprises reported a 39% drop in profit after tax (attributable to owners) to Rs 449 crore for the quarter ended March 31, 2024, down from Rs 735 crore in the same period the previous year. However, for the full fiscal year 2024, the company's profit after tax increased by 31% to Rs 3,240 crore compared to Rs 2,464 crore in FY23. Additionally, its total income saw a marginal rise of 1% to Rs 29,630 crore from Rs 29,311 crore in the quarter ended March 2023.

This fund-raising initiative via QIP is a strategic step for Adani Enterprises as it aims to bolster its financial health and support its growth ambitions.

[myra-joshi]

AdaniConneX Secures $1.44 Billion Investment for Green Data Centers

AdaniConneX, a collaboration between Adani Enterprises and EdgeConneX of the US, has secured a substantial investment of up to $1.44 billion (Rs 11,520 crore) for its upcoming green data centers. This funding includes an initial commitment of $875 million, with the possibility of increasing it to $1.44 billion.

The CEO of AdaniConneX, Jeyakumar Janakaraj, emphasized the importance of this funding in supporting the development of sustainable and environmentally friendly digital infrastructure. The new data centers will utilize state-of-the-art technologies and renewable energy solutions to minimize their impact on the environment while maximizing operational efficiency.

To finance these initiatives, AdaniConneX has partnered with several international banks, including ING Bank N.V, Intesa Sanpaolo, KfW IPEX, MUFG Bank Ltd., Natixis, Standard Chartered Bank, Société Générale, and Sumitomo Mitsui Banking Corporation.

This funding represents a significant step towards AdaniConneX's goal of creating a one gigawatt (GW) data center platform that is environmentally and socially responsible. By leveraging the expertise of Adani Group, India's largest infrastructure player, and EdgeConneX, one of the largest private data center operators, AdaniConneX aims to accelerate India's digital growth and economic progress.

[updatetoday1994]

Adani Enterprises Share Price Nov 2023

Adani Enterprises Share Price Nov 2023 Adani Enterprises Share Price Nov 2023 https://groww.in/stocks/user/explore Hello everyone, kya haal hai aap sabhi ka. hope ke aap sabhi ashe honge. Aaj market ka mahoul bohat asha raja. jaisa ki aap sabhi jante hi hai ke hum aap sabhi ke liye apni website par har roz market ke kisi ek stock ke bare mein baat karte hain, aur aaj hum baat karne ja rahe hai…

[dumasia]

3900 करोड़ का घोटाला? मोदी-अड़ानी पर कांग्रेस नेताओं का चौंकाने वाला खुलासा

he Coal scam 2018 to 2023 with evidence in Amrut Kal!

[prince-thakur]

Adani group’s flagship company Adani Enterprises Ltd (AEL) says it has pledged to grow 100 million trees by 2030, which it claims is the "largest 1t.org pledge" in India so far and among the most ambitious corporate pledges globally.

[indiabizlive]

Domestic mutual funds reduced their holdings in Adani group firms such as Adani Ports & SEZ, Ambuja Cements, and Adani Enterprises in the March quarter. Following a research study by the US-based forensic short-seller Hindenburg Research accusing the company of brazen stock manipulation and accounting fraud for decades, Adani group shares saw significant volatility throughout the quarter.

[metabuzz360]

Gautam Adani- His Early Life and Background

businessman. He was born on June 24, Originally, in Ahmedabad, Gujarat, India, 1962. Adani came from a middle-class family and was the second of five brothers. He attended Sheth Chimanlal Nagindas Vidyalaya and graduated with a B.Com degree from Gujarat University.

Gautam Adani began his career as a diamond sorter in Zaveri Bazaar, Mumbai. After a few years, he returned to Ahmedabad and started his own trading business with a small capital. He initially traded in polyvinyl chloride (PVC) and later diversified into other industries such as agribusiness, power generation, oil and gas exploration, and ports and logistics. He also ventured into infrastructure and resources sectors, including ports, logistics, agribusiness, power generation, and transmission, and oil and gas exploration and production.

Through his entrepreneurial spirit, Adani has grown into a significant player in Indian business and economy, with the group’s revenue crossing $13 billion in 2019. Despite his success, Adani has also faced criticism and controversy over his business practices and environmental impact.

[newsparviews]

Adani Group M-cap is getting close to the Rs 11 lakh cr mark. Adani Enterprises, Adani Total shares

Adani Energy Solutions surged 11.83 percent to Rs 815.50, while Adani Power jumped 7.84 percent to Rs 428. Adani Green Energy increased the amount to Rs 1,006.40 by 7.36%. The market capitalization of the Gautam Adani-led Adani group is approaching Rs 11 lakh crore thanks to the surge in Adani group shares, which included Adani Enterprises Ltd, Adani Total Gas Ltd, Adani Power Ltd, Adani Green…