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Stocks on Focus: Paytm, Godrej Properties, RattanIndia, Protean eGov, Finolex

On Tuesday, April 9th, 2024, the Indian stock markets reached record highs. The BSE S&P Sensex rose above. ....

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LIC's exposure to Adani Group is less than 1%

LIC's exposure to Adani Group is less than 1%
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Anil Ambani's Reliance Infra files Rs13,500 crore claim against Adani over breach of trust

Reliance Infrastructure approached the Mumbai Centre for International Arbitration against Adani Transmission, citing breach of terms in a 2017 share purchase agreement. ....

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Adani completes purchase of 23.5% stake in Mumbai International Airport

Adani Group has completed the purchase of 23.5 per cent stake in Mumbai International Airport (MIAL) from two South African entities, marking the first step towards acquiring a majority control in the country’s second-busiest airport.
In a stock exchange notification on Saturday, Adani Enterprises said that its airports division had acquired 13.5 per cent stake of Bidvest and 10 per cent stake of Airport Company of South Africa, for a consideration of Rs 1,685 crore.
The deal marks a culmination of Adani Group’s two-year quest to acquire a stake and gain control of the Mumbai airport. It also marks the exit of foreign investors from the airport. ....

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