Adani Enterprises sets up new subsidiary in Macau; stock jumps 4%
The new entity will bid for duty-free liquor and tobacco shops at Macau International Airport.
The new entity will bid for duty-free liquor and tobacco shops at Macau International Airport.
Adani Power sold 18.1 billion units (BU) of power in Q2, which increased 65% YoY as power demand and higher operating capacity improved
The top and bottom line were driven by capacity addition of 1,592 MW over the last one year and improved capacity utilisation factor.
Rajiv Jain-led investment firm purchased 31.2 crore equity shares of Adani Power for more than ₹9,000 crore ($1.1 billion) in a series of block deals on Wednesday.
Qatar Investment Authority has acquired a 2.7% stake in Adani Green Energy after a promoter entity of the firm offloaded 2.83% shares via block deal on Monday.
On Monday, ACC shares surged 4.1% to touch an intraday high of ₹2,030 on the BSE, while the market capitalisation increased to ₹37,980 crore.
For FY23, the profit grew 7% to ₹546 crore, while revenue from operations jumped 46% to ₹4,683 crore, driven by higher volume and increase in sales price.
Hindenburg Research accused the Gautam Adani-led conglomerate of "pulling the largest con in corporate history."
Billionaire Gautam Adani-led company has fixed FPO floor price at ₹3,112-3,276 per share, and a discount of ₹64 apiece for retail investors.
The board of Gautam Adani’s flagship firm will meet on November 25 to take a final call on issue size of the follow-on public offering.