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New Delhi, Apr 8 (PTI) Adani Group stocks were in the limelight on Wednesday, with Adani Total Gas and Adani Green surging over 13 per cent, in tandem with a sharp rally in the broader equity market. A US judge granted a request from billionaire Gautam Adani to schedule a hearing in efforts to dismiss a US Securities and Exchange Commission fraud case, which he says lacks necessary jurisdiction as well as fails on multiple reasons. This followed lawyers of Adani and his nephew, Sagar filing a ...Read More >
MUMBAI, July 1 (Reuters) - Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises (ADEL.NS), opens new tab will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon ...Read More >
MUMBAI (Reuters) -Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday. Adani Enterprises will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added. The company will pay an annual coupon of 8.95% on its two-year bonds, 9 ...Read More >
A sustained buying in Adani Group stocks during the last 3 trading sessions has erased most of the losses for its investors. The combined market capitalization of all 11 listed Adani stocks was at Rs 1.37 lakh crore in the afternoon and needs a rally of another Rs 60,000 crore to erase all the loss that investors suffered on November 21. After the United States Department of Justice and the US Securities and Exchange Commission (SEC) issued an indictment and a civil complaint, respectively, in ...Read More >
New Delhi, November 27 (IANS): Former Attorney General and Senior Counsel Mukul Rohatgi on Wednesday criticised the indictment by a US court alleging bribery charges against the Adani Group, describing it as "completely silent" and lacking specifics. His comments followed a recent filing by Adani Green Energy Ltd. (AGEL) with the stock exchanges confirming that Adani Group Chairman Gautam Adani, his nephew Sagar Adani, and senior executive Vneet Jaain had been cleared of bribery charges by the ...Read More >
The Adani Group has reportedly lost $54 billion in market capitalisation since news of a US indictment surfaced on November 22, implicating Chairman Gautam Adani, his nephew Sagar Adani, and executive Vneet Jaain in a $265 million bribery scheme. The group denied the allegations, stating in a filing that the trio has not been charged with violating the US Foreign Corrupt Practices Act (FCPA) as claimed in media reports. ...Read More >
Rahul Gandhi demanded Gautam Adani's arrest following US court charges, despite Adani Group's denial of bribery allegations. Gandhi emphasized the severity of the charges, contrasting them with arrests made for lesser offenses, and accused the government of shielding Adani.Congress leader and Leader of Opposition in the Lok Sabha, Rahul Gandhi on Wednesday said that it was expected that the AdGroup would be denying the charges made by the US court involving industrialist Gautam Adani. He further ...Read More >
Proceedings in both houses of the Parliament came to halt on Wednesday amid protests by Oppostion members over the Adani Bribery controversy, recent violence in Sambhal in Uttar Pradesh and other issues. Lok Sabha proceedings were initially adjourned until 12 noon and later until Thursday, as Opposition members, including those from Congress, protested and sought to raise various issues at the start of the session. Some members from the Congress and Samajwadi Party were in the Well while other ...Read More >
New Delhi [India], November 27 (ANI): Rajya Sabha MP and Senior Advocate Mahesh Jethmalani on Thursday said that the Congress and other Opposition parties are using the issue of the indictment against the Adani Group in the US "to divert attention from their electoral defeats" and said they must provide credible evidence before demanding a parliamentary probe. "The Congress is reading too much into this indictment and they are doing it for purely political purposes...," Jethmalani said. Re ...Read More >
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