Adani Power share price: The stock rose 4.22 per cent to hit a day high of Rs 329.80 over its previous close of Rs 316.45. The scrip, however, gave up most of its gains as the session progressed. It was last seen trading 0.57 per cent higher at Rs 318.30. At this price, the counter has gained 54.70 per cent in the past six months.
Billionaire Gautam Adani-controlled Adani Group is closing in on a $3.5 billion loan to refinance existing debt that was taken out to fund the purchase of Ambuja Cements Ltd., in what would be the latest sign of confidence among creditors in the conglomerate.
Adani Group is aiming to refinance as much as $3.8 billion worth of debt Adani is believed to repay at least $300 million on the original Ambuja facility.
Adani Enterprises, Adani Ports, Adani Power, other Adani Group stocks saw gains of up to 7% on Monday after the group promoter firm increased its stake in two of the group’s listed companies. Watch this Visual Story to know more.
Adani stocks today: Shares of listed Adani group companies including Adani Enterprises, Adani Ports, Adani Green Energy, Adani Total Gas, and Adani Energy Solutions fell up to 4% on Thursday (August 31), after OCCRP, an investigative reporting platform, backed by George Soros, released new details on allegations that the Adani Family partners had invested millions to buy own group shares through opaque investment funds based in the island nation of Mauritius. Watch this Visual Story to know more.