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GQG, Qatar Investment, IHC make hefty gains in Adani group shares business-standard.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from business-standard.com Daily Mail and Mail on Sunday newspapers.
Gautam Adani, billionaire and chairman of the Adani Group, stated that the trials and tribulations of the past year have strengthened the conglomerate. Adani highlighted the group s accomplishments, which include raising Rs 40,000 crore of equity, repaying Rs 17,500 crore of margin-linked financing, and reducing debt. The Adani group achieved its highest-ever quarterly profit and launched key projects like the Dharavi redevelopment and the world s largest renewable energy generation site in Gujarat. Adani dismissed the Hindenburg Research report as a compilation of old and dead allegations, stating that it eroded market value and caused small investors to lose their savings. ....
Gautam Adani House: Address, Price, Net Worth and More on India's Richest Man. magicbricks.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from magicbricks.com Daily Mail and Mail on Sunday newspapers.
Cut to August 2023, and Adani appears to be succeeding in getting his beleaguered group out of the crisis. While a Securities and Exchange Board of India probe into the allegations is ongoing, the group is working overtime to ensure it balances its growth ambitions with its capex plans, even as it deleverages key companies and cleans up their balance sheets. - Issue Date: Aug 20, 2023 ....
The Hindenberg report came just as a Rs 20,000 crore follow-on share sale of Adani Enterprises opened for institutional investors. All the listed stocks of the group took a beating after the report. ....