Adani Enterprises Ltd (ADANIENT)

SEBI Scrutinizes Adani Group's Relationship with Offshore Fund - 24 Apr, 2024

The Securities and Exchange Board of India (SEBI) is investigating the relationship between the Adani Group and an offshore fund investing in Adani group companies. Eight foreign portfolio investors have requested to settle charges by paying a sum without admitting wrongdoing, which could result in penalties or a ban from stock markets.

Adani Faces SEBI Probe, Congress Demands JPC Investigation - 23 Apr, 2024

SEBI is investigating possible rule violations by global funds investing in Adani Group stocks. The Congress party demands a Joint Parliamentary Committee investigation into alleged violations by the conglomerate. Meanwhile, Adani's shareholder base shifts towards more recognizable investors and broad-based funds.

Adani Enterprises Faces Securities Violation Charges - 22 Apr, 2024

Several foreign portfolio investors (FPIs) owning substantial stakes in Adani Group firms are looking to settle securities violation matters with SEBI. The regulator had accused the FPIs of failing to maintain and disclose information about their ultimate beneficial owners as well as breaching investment limits in listed entities of Adani Group during certain periods. This was one of the issues referred to in the Hindenburg Research report of January 2023 that led to a slump in the stocks of Adani Group companies.

Adani Group Chairman's Wealth Surges by 33% - 20 Apr, 2024

Gautam Adani, the chairman of Adani Group, saw a 33% surge in wealth according to Hurun Global Rich List 2024. The report also highlights robust growth projections for India's affluent population, with implications for consumption patterns and market dynamics.

Adani Group Companies Release Promoter-Pledged Shares - 19 Apr, 2024

Adani Enterprises, Adani Energy Solutions, and other group companies saw the release of promoter-pledged shares worth Rs 1,402 crore and Rs 913 crore respectively. Adani Energy Solutions' pledged shares decreased from 3 crore to 2.11 crore in March 2023.

Adani Group Invests Heavily Across Multiple Verticals - 18 Apr, 2024

The Adani Group has made significant investments across multiple verticals, including cement, data centers, and retail/wholesale businesses. The group's cement arm received an additional investment of Rs 8,339 crore, while AdaniConneX is planning to invest $5 billion in expanding its data center business. Rajiv Jain's GQG Partners also invested heavily in six Adani group companies.

Adani Group Increases Stake in Ambuja Cements and GQG Partners Invests in Adani Enterprises - 17 Apr, 2024

Adani Group invests Rs 8,339 crore in Ambuja Cements, raising its stake to 70.3%. Meanwhile, GQG Partners increases its stake in Adani Enterprises to 1.45% during the March quarter.

Adani Group Expands Cement Capacity and Acquires Airports; Forms JV Company in Singapore - 16 Apr, 2024

Adani Group expands its cement capacity to 78.9 MTPA with acquisitions of My Home Group's grinding unit and Sanghi Industries. The group aims to capture one-fifth of India's cement market by FY28. Thiruvananthapuram International Airport records 27% air traffic growth in FY23-24. Adani Enterprises' subsidiary forms a joint venture company in Singapore with King Power International.

Adani Group Companies See Rise in LIC Investment; Ambuja Cements Acquires Cement Grinding Unit - 15 Apr, 2024

Adani Group companies witness a 59% rise in LIC investment while Adani Enterprises' shares fall by nearly 2%. Meanwhile, Ambuja Cements acquires My Home Groups Cement Grinding Unit.

LIC's Investments in Adani Group Companies Rise by 59% - 14 Apr, 2024

State-owned insurance giant LIC has seen a strong rise of 59% in the value of its investments in Adani group companies during FY23-24, following a recovery by the conglomerate after a tumultuous period triggered by a critical short-seller report.

Adani Invests in Renewable Energy Expansion; Acquires Stake in Adani Esyasoft - 13 Apr, 2024

Adani Group plans to invest Rs 2.3 lakh crore in India's most ambitious renewable energy expansion and solar/wind manufacturing capacity addition ever. Additionally, Adani Enterprises' subsidiary, Adani Global, will acquire a 49% stake in Adani Esyasoft Smart Solutions, Abu Dhabi.

Adani Group Targets Expansion in Cement Market and Acquires Stake in Adani Esyasoft Smart Solutions - 12 Apr, 2024

Adani Group is targeting to capture 20% of the Indian cement market by FY28, expanding its capacity and executing an accelerated capex program through internal accruals. Additionally, Adani Global Ltd. will acquire a 49% stake in Adani Esyasoft Smart Solutions Ltd., Abu Dhabi. Adani Enterprises' shares were down 1.03% on BSE.

Adani Enterprises Sees Stake Increase by Rajiv Jains GQG Partners and Mutual Funds - 11 Apr, 2024

Rajiv Jains GQG Partners increased its stake in Adani Enterprises, while mutual funds also upped their stake. FPIs were seen trimming their stake in the company despite a 12% gain in the March quarter. LIC maintained its position.

Adani Group's Terravista Developers Acquires Land Parcel for Data Center - 10 Apr, 2024

Terravista Developers, a company of the Adani Group, has acquired leasehold rights to a 25-acre land parcel in Pimpri near Pune from Finolex Industries for Rs 470 crore. The land is planned to be developed into a large data center by AdaniConneX, a joint venture between Adani Enterprises and US-based EdgeConneX.

Adani Group Announces Massive Investment Plan for Renewable Energy and Manufacturing - 08 Apr, 2024

The Gautam Adani-led Adani Group has announced its plan to invest Rs 2.3 trillion in renewable energy and manufacturing capacity by 2030.

Adani Plans Major Expansion in Renewable Energy Manufacturing - 07 Apr, 2024

Adani Enterprises' subsidiary Adani New Industries plans to invest close to Rs 30,000 crore in expanding solar cell and wind turbine manufacturing capacity at Mundra in Gujarat. The company also aims to generate 45 GW of renewable power by 2030 and become India's first integrated renewable energy player.

Adani Group's Gautam Adani Ranked Second Richest Indian - 04 Apr, 2024

Gautam Adani, the head of Adani Group, is ranked as the second richest Indian and 17th on the global list with a net worth of $84 billion. This is up from $47.2 billion in 2023 when his conglomerate was hit by allegations from US short-seller Hindenburg Research. The group has denied all allegations.

Adani Group Faces Allegations of Stock Manipulation - 03 Apr, 2024

The Congress party is demanding answers from the government regarding allegations of stock manipulation by the Adani Group. The Securities and Exchange Board of India (SEBI) has been tasked with investigating these claims and submitting a report to the Supreme Court. Meanwhile, Gautam Adani continues to expand his conglomerate and invests in new projects.

Adani Enterprises Set for Growth Led by Copper Unit Expansion - 02 Apr, 2024

Analysts predict a positive outlook for Adani Enterprises, with Jefferies India expecting a 17% upside driven by the commissioning of its copper unit's first phase. Deven Choksey also favors Adani stocks over Birla stocks due to steady growth and debt reduction.

Adani's Copper Refinery Project Marks Entry Into New Business - 01 Apr, 2024

Jefferies India Pvt. notes that Adani's greenfield copper refinery project is one of the largest single-location custom smelters in the world and maintains a buy rating on Adani Enterprises with a target price of Rs 3,800 apiece.