ADANI GROUP

Supreme Court rules no regulatory failure by SEBI in Adani-Hindenburg row

03 Jan 2024

The Supreme Court has ruled that the Securities and Exchange Board of India (SEBI) did not exhibit any regulatory failure in the Adani-Hindenburg controversy. The judgment emphasizes that reliance on unverified press reports is insufficient and cannot serve as a foundation for regulatory lapses. The case, extensively covered by @DebayonRoy,...

SC to deliver verdict on Adani-Hindenburg row today

03 Jan 2024

The Supreme Court on Wednesday will pronounce its verdict on a batch of pleas demanding a court-monitored probe into the allegations made by US-based short-seller Hindenburg Research against the Adani group. On November 24 Supreme Court had asked the Securities and Exchange Board of India (SEBI) what steps it plans...

Adani Group Ranked Second Globally Among Large-Scale Solar PV Developers by Mercom Capital

09 Dec 2023

Gautam Adani, Chairman of Adani Group, expressed his delight after Mercom Capital ranked the conglomerate as the second-largest global player among large-scale solar PV developers. This recognition underscores Adani Group's commitment as a significant global contributor to renewable energy and aligns with their ambitious target of achieving 45 GW of...

Adani Group forms JV for marketing of green hydrogen in Japanese market

14 Sep 2023

Adani Global Pte Ltd, Singapore, a step-down wholly owned subsidiary of Adani Enterprises Ltd announced a 50:50 joint venture (JV) with Kowa Holdings Asia Pte Ltd, Singapore for sales and marketing of green ammonia, green hydrogen and its derivatives. The JV will concentrate on marketing of products in Japan, Taiwan...

Adani Group portfolio EBITDA grows 42 pc in Q1FY24

23 Aug 2023

The Adani Group portfolio once again outperformed expectations with a record-breaking quarterly profit (EBITDA) of Rs 23,532 crore, or 42% more than the previous year. The conglomerate on Wednesday published the June quarter 2023–24 results compendium for its portfolio of listed companies. EBITDA is net income before taking out interest,...

Adani Group set for zero refinance or systemic risk by 2025

14 Aug 2023

Adani Group's strategy is to concentrate enough cash, both from the cash generated from regular operations in the infrastructure business and from reserves, so that it can take care of any debts that are due in the future. The main goal is to gain this financial state by the year...

Adani Group triumphs with $2.65B deleveraging milestone

06 Jun 2023

Adani Group, India's most significant critical infrastructure developer, has exhibited robust financial strength and operational acumen as it successfully accomplished a deleveraging programme worth $2.65 billion. This impressive achievement, marked by repaying loans and cutting overall leverage, is part of the group's concerted strategy to rebuild investor trust following a...

Adani stocks continue to shine as the majority of them hit upper circuits on relief from SC panels

23 May 2023

The majority of the Adani firm equities reached its upper circuit levels in early trade on Tuesday (May 23), as sentiment towards the firm's stocks remained positive in the wake of the group receiving a clean bill of health from the Supreme Court (SC) bench. The Securities and Exchange Board...

SEBI probing Adani since 2016 is factually baseless, regulator tells SC

16 May 2023

The Securities and Exchange Board of India apprised the Supreme Court on Monday that the market regulator is already investigating Adani Group companies since 2016 is factually baseless. SEBI has filed a rejoinder affidavit in response to a petition relating to Hindenburg Research’s report on the Adani Group. SEBI had...

Adani Group on Financial Times report: There is a race to demolish the group

10 Apr 2023

The Adani Group categorically denied the recent 'Financial Times' report on foreign direct investment into the company, calling it a "competitive race" to demolish the business. Following the publication of the article, Adani Group sent a letter to the Financial Times including "fundamental misunderstandings" of Adani Group disclosures and "resultant...

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