Adani institution corporations have cumulatively sold stocks really well worth Rs 15,446 crore in secondary fairness transaction to US PE corporation GQG Partners in block trades. The block change transactions passed off in 4 of the company`s subsidiaries consisting of Adani Ports and Special Economic Zone Limited, Adani Green Energy Limited, Adani Transmission Limited and […]
Adani Total Gas, Adani Transmission, Adani Green shares extend slide
A month has passed since short seller Hindenburg Research on January 24 warned investors of 85 per cent potential downside in Adani group stocks, citing sky-high valuations. As it is turning out, three of group names Adani Total Gas, Adani Transmission and Adani Green Energy are close to breaching that mark. Shares of Adani Total […]
Gautam Adani says will become most profitable cement manufacturer
A few days after completing the acquisition of USD 6.5 billion Cement Ambuja and ACC, Gautam Adani billionaire said his group had planned to double the capacity of cement manufacturing and became the most profitable producer in the country. He saw an increase in a variety of cement demand in India behind economic growth that […]