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Adani
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Contagion risks loom over Adani Transmission and Adani Ports, says Fitch
Ratings agency Fitch has said that two Adani Group subsidiaries are exposed to heightened contagion risks as a result of governance weakness at the conglomerate’s sponsor level. Adani Transmission Limited and Adani Ports and Special […]
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Hindenburg: Adani’s wealth down 60%
Industrialist Gautam Adani’s fortunes have suffered a severe setback on concerns over corporate governance and accounting fraud, leading to Reliance Industries’ Mukesh Ambani replacing the Ahmedabad-based industrialist as the richest Indian. Adani lost Rs 3,000 […]
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Adani to prepay $500 million loan as banks balk at refinancing
New Delhi (TIP)- The Adani Group plans to prepay a $500 million bridge loan due next month after some banks balked at refinancing the debt following a short seller attack that sent the group’s assets […]
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Adani buys Roys’ 27.26% stake in NDTV for Rs 602 cr
New Delhi (TIP)- The Adani Group on Friday, December 30, acquired 27.26% equity stake in NDTV from its founders Prannoy Roy and his wife Radhika Roy for Rs 602.3 crore. “RRPR, an indirect subsidiary of […]
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Adani Green ties up $1.3 billion from a dozen banks
NEW DELHI (TIP): A dozen global banks are to bankroll Adani Green Energy Ltd’s under-construction renewable power projects with a $1.35 billion revolving credit line, the company said on Friday, March 19. The finance facility […]
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India adds 40 billionaires in pandemic year; Adani, Ambani see rise in wealth: Report
Mumbai (TIP): Forty Indians entered the billionaires’ club in the pandemic-stricken 2020 to take the number of those in the coveted list to 177 people, a report said. Mukesh Ambani continued to be the wealthiest […]