Adani in a sentence

Vinod Adani, the elder brother of Adani group founder Gautam Adani, is part of the Adani promoter group, the groupтАЩs flagship Adani Enterprises said.

Adani Enterprises - described as an incubator of Adani's businesses - has lost US$26 billion in market capitalisation.

Adani Group says, “The Dharavi project was awarded to the Adani Group through a fair, open, internationally competitive bidding process.

Adani group stocks continued their rally today, as Adani Enterprises ended 5.45 per cent higher on the NSE at Rs 1,982.

Apart from the Delhi Capitals, Adani Group, through Adani Sportsline Pvt.

Even CitiGroup has reportedly nullified the lending value of Adani group and has stopped giving margin loans on Adani Securities.

Gautam Adani said considering the volatility of the markets yesterday, the Adani Board strongly felt it would not have been morally correct to proceed with the FPO.

Nevertheless, Hindenburg’s scorching allegations have caused the fortune of Adani Group’s founder, Gautam Adani, to slide by nearly $47 billion in just over a week, according to the Bloomberg Billionaires index.

Over the weekend, Adani said it would carry on with its share sale in Adani Enterprises as scheduled, despite the value of its shares falling well below the price range of the offering.

Shares in Adani Enterprises, often described as the incubator of Adani businesses, plunged 28% on Wednesday, bringing its losses since the Hindenburg report to more than $18 billion.

While Hindenburg alleged key listed Adani companies had "substantial debt" which has put the entire group on a "precarious financial footing", the Adani Group has repeatedly said its borrowings are manageable and no investor has raised any concern.

Adani Energy: Company signs business transfer agreement with arm North Maharashtra Power Limited to carve out Adani Dahanu Thermal Power Station.

Adani Group is led by Indian billionaire Gautam Adani.

Earlier on Tuesday, shares of most Adani group firms ended lower with Adani Green Energy dropping more than 3 per cent amid a subdued sentiment in the stock market.

For instance, Gautam Adani, whose Adani Group is reallocating capital from fossil fuels, has pivoted to renewable energy.

Indian business magnate Gautam Adani, Adani Group chairman, in Ahmedabad, Gujarat, in May 2024.

Other group companies also raised money in recent months – USD 1 billion by Adani Energy Solutions Ltd, USD 500 million by Ambuja Cement, and USD 444 million by Adani Green Energy Ltd.

Adani has been granted an injunction today to stop activist Ben Pennings from certain actions and statements in relation to the Adani coal mine.

Adani, who is the chairman of Adani Gas Ltd, said on the other side of this crisis will emerge massive new opportunities, terrific businesses and a few stronger nations.

France’s energy giant Total SA has already invested in Adani Green and distributor Adani Gas Ltd., while Italy’s Snam SpA is working with the group on a strategic collaboration to explore opportunities in hydrogen and other cleaner fuels.