Adani Enterprises, Adani Green, Adani Ports, others rally up to 7%; m-cap hits ₹15.5 lakh mark
All 10 Adani group stocks were trading in green on Monday, propelling the combined m-cap of the conglomerate to ₹15.5 lakh mark.
All 10 Adani group stocks were trading in green on Monday, propelling the combined m-cap of the conglomerate to ₹15.5 lakh mark.
The green loan facility has been extended by consortium of lenders
Adani group stocks, which have maintained an uptrend since last week following the Supreme Court's concluded hearings of the Adani-Hindenburg case, surged between 6-14% intraday.
This is the second major allegation against billionaire Gautam Adani-led Adani Group after an adverse report by Hindenburg released in January this year.
The board of APSEZ will meet on April 22 to consider partial buyback of its rupee or U.S. dollar denominated debt securities in the current fiscal.
GQG has acquired 3.4% stake in Adani Enterprises, 4.1% in Adani Ports, 2.5% in Adani Transmission, and 3.5% in Adani Green Energy.
Adani Green shares have tumbled 73% in the last twenty sessions, from ₹1,916.80 on January 24 to ₹512.35 intraday today.
This comes amidst reports that the group is engaging with lenders to prepay some of its commitments to revive investor confidence.
Before the opening of the Indian stock market, Gautam Adani through a video message assured investors that Adani Group has strong fundamentals, healthy balance sheet and robust assets.
Asia's richest man Gautam Adani-led companies have been falling since January 25 following a report by Hindenburg Research that raised concerns about its high debt levels and the use of tax havens.