Adani Enterprises Ltd (ADANIENT)

Bhutanese Delegation Visits Adani Group Sites for Collaboration Opportunities - 24 Jul, 2024

A high-level delegation from Bhutan, led by its King and Prime Minister, visited Adani Group's infrastructure project sites at Mundra and Khavda to explore collaboration opportunities across multiple sectors. The discussions highlighted mutual interests in hydropower, transmission lines, urban development, cement industry, green hydrogen, and renewable energy. The ongoing talks between the two parties aim to advance sustainable development goals and foster regional economic growth through strategic partnerships.

Adani Enterprises in Focus After Duty Cut and Subdued Performance - 23 Jul, 2024

Adani Enterprises is expected to see increased attention following a recent duty cut that could benefit its subsidiary, Kutch Copper. Additionally, Adani Enterprises is among the 'Modi stocks' set to be in the limelight after a period of underperformance.

Adani Plans $21 Billion Investment in Airport Business - 22 Jul, 2024

Adani Enterprises aims to transform India's airport infrastructure industry by investing $21 billion in its airport business over the next decade. Meanwhile, SITA Aero is investing in R&D and large-scale projects with Adani Group airports and other Indian airports.

Adani Enterprises Promoters Increase Stake - 21 Jul, 2024

Promoters of Adani Enterprises have increased their stake from 72.61% to 74.72%. Q4FY24 revenue grew by 0.82%, accompanied by profits of Rs. 781 Crores to Rs. 352 Crores.

Adani Group Faces Political Scrutiny Over Dharavi Project - 20 Jul, 2024

The Adani Group is facing political scrutiny over the Dharavi slum redevelopment project, with Shiv Sena threatening to scrap the tender and Mahesh Jethmalani calling for a probe into alleged Chinese links of Indian politicians targeting Adani. The developments could impact the stock price.

Adani Enterprises and Wilmar International to Sell Minority Stake in Adani Wilmar - 18 Jul, 2024

Adani Enterprises and Wilmar International have selected banks for the sale of a 13% stake in their consumer joint venture, Adani Wilmar Ltd. The stake could be worth about $660 million based on current stock prices. A sale is expected in the coming months.

Adani Enterprises' Subsidiaries Make Key Moves Across Sectors - 17 Jul, 2024

Adani Enterprises' subsidiaries make significant moves across sectors, with Adani-Sirius acquiring a majority stake in ParserLabs India, Thiruvananthapuram International Airport seeing record-breaking passenger traffic, and Adani Solar seeking visas for Chinese engineers.

Adani Plans Cement Asset Acquisition and Buys Stake in Coredge.io Parent Company - 16 Jul, 2024

Adani Enterprises is set to acquire Jaypee Group's cement assets and Adani joint venture Sirius Digitech will purchase a 77.5% stake in Coredge.io parent company Parserlabs India for Rs.20,000 per equity share.

Adani Group Wins Supreme Court Verdict on Stock Price Manipulation Allegations - 15 Jul, 2024

The Indian Supreme Court has dismissed a petition seeking a review of its January 3 judgment that declined to set up a Special Investigation Team (SIT) or CBI probe into allegations of stock price manipulation by the Adani Group. The apex court stated that market regulator SEBI was conducting a comprehensive investigation into the allegations and its conduct inspires confidence.

Adani's Vizhinjam Port Receives First Mothership; Cement Arm Expands - 11 Jul, 2024

Adani's Vizhinjam port received its first mothership and is expected to be fully commissioned by September or October 2024. Meanwhile, Adani's cement arm acquired Penna Cement Industries Ltd, making it the third-largest player in southern India.

Adani Begins Coal Imports; Vizhinjam Port Receives First Container Vessel - 10 Jul, 2024

Adani Enterprises has started importing coal from countries like Australia, Indonesia, and Russia despite Coal India's higher production. Meanwhile, the Adani Group's Vizhinjam International Seaport is set to receive its first container vessel for a trial run.

Adani Plans Shipbuilding at Mundra Port Amid Global Yard Bookings - 09 Jul, 2024

Adani Group is planning to build ships at its flagship Mundra port due to global yard bookings until 2028. Deven Choksey suggests Adani Enterprises as a good proxy for airport, data centre plays and shipbuilding in the long term. India aims to be in the top 5 by 2047 in the global commercial shipbuilding market with a potential growth of $62bn net by 2047. Diamond Power Infrastructure received an order worth Rs 899.6 crore from Adani Energy Solutions for supply of AL-59 conductors. Mahesh Jethmalani questioned The China Project's short-selling of Adani stocks in early 2023.

SEBI Accuses Hindenburg of Insider Trading in Adani Group Shares - 08 Jul, 2024

Hindenburg Research is accused of insider trading in Adani Enterprises shares after allegedly sharing an advance copy of its damning report with hedge fund manager Mark Kingdon and profiting from a deal to share spoils from share price movement. Additionally, Kingdon Capital reportedly took short positions on Adani Enterprises through an entity with FPI license created by Kotak Mahindra Bank subsidiary. Meanwhile, Adani group's high-value deals drove domestic M&A growth in Q1 2024.

Adani Enterprises Ltd Faces SEBI Charges Over Misleading Information - 07 Jul, 2024

The Securities and Exchanges Board of India (SEBI) has charged US short-seller Hindenburg Research with making unfair profits through collusion to use non-public and misleading information to induce panic selling in Adani Group stocks. Additionally, LIC reduced its stake in Adani group companies.

Adani Group Faces Allegations of Chinese Espionage and Trading Violations - 06 Jul, 2024

The Adani Group is facing allegations of Chinese espionage and trading violations after a report by short-seller Hindenburg Research commissioned by a businessman with Chinese links led to significant financial losses for Indian retail investors. The Securities and Exchange Board of India (SEBI) has issued show-cause notices to Hindenburg Research, Nathan Anderson, and entities of Mauritius-based foreign portfolio investor Kingdon for trading violations in the scrip of Adani Enterprises Ltd. Meanwhile, the Adani Group accounted for 52% of total M&A values in Q1.

Adani Group Faces Allegations and Expands Cement Business - 05 Jul, 2024

Senior lawyer Mahesh Jethmalani alleges a Chinese connection behind the Hindenburg report that caused Adani Enterprises' shares to plummet. Meanwhile, Ambuja Cements, part of the Adani Group, has acquired Penna Cement Industries for $1.25 billion, expanding its cement business.

SEBI Investigates Adani Amidst Allegations of Fraud and Price Manipulation - 04 Jul, 2024

SEBI is investigating allegations of price manipulation and accounting fraud against Gautam Adani, while the Adani Group plans to raise $2.5 billion via QIP offerings. Kingdon Capital Management was accused of short-selling Adani shares before the Hindenburg Research report release, and had a profit-sharing pact with Hindenburg for Adani short bets. The cement sector is also expected to consolidate further.

SEBI Investigates Trading Activities Surrounding Adani Group; Hindenburg Receives Show Cause Notice - 03 Jul, 2024

The Securities and Exchange Board of India (SEBI) is investigating trading activities surrounding Adani Enterprises Ltd., while issuing show cause notices to six entities, including Hindenburg, Kingdon, and KIOF, for allegedly colluding with non-public information. Additionally, Adani Group has sought approval to bring Chinese engineers to build an indigenous supply chain of solar equipment.

Adani Enterprises Faces Short-Selling Allegations - 02 Jul, 2024

US-based Hindenburg Research received a show-cause notice from SEBI for its Adani report. The research firm claimed gains of over $4mn through short-selling Adani shares. Kotak Mahindra Bank was accused of creating an offshore fund structure used to short Adani stocks.

Adani Group Expands Through Acquisitions and Increased Capex - 28 Jun, 2024

The Adani Group is expanding through acquisitions, including the recent purchase of Penna Cements, as well as increasing its capital expenditure by nearly doubling it in 2024-25. The group also received an allotment of equity shares from Ambuja Cements.