The government is evaluating an agreement between the Adani Ports' French joint venture partner CMA CGM and the China Merchants Group.
Adani Group will also take steps to complete the acquisition of a 23.5 percent equity stake from ACSA and Bidvest in MIAL for which it has obtained CCI approval
Adani Group may acquire the 50.5 percent stake of GVK Group in MIAL and buy the remaining 23.5 percent from the minority partners, the Business Standard has reported.
Consolidated revenue from operations fell 18 percent to Rs 2,292.7 crore compared to same period last year as cargo throughput dropped YoY.
The money will be used to repay loans of Adani Ports and its subsidiaries. The move comes after the company board approved off-shore bond capital raise of up to $1.25 billion.
"The company has raised Rs 100 crore today by allotment of 1,000 Rated, Listed, Secured, Redeemable NCDs of the face value of Rs 10,00,000 each on private placement basis," the company said.
According to research house, the soft realisations and higher opex in Q4 have driven the miss.
Trends on SGX Nifty indicate a positive opening for the broader index in India, with a 12 points loss or 0.10 percent. The Nifty futures were trading around 12,329-level on the Singaporean Exchange.
Net inflows into equity mutual funds, including closed-ended schemes, fell drastically in November compared to Rs 6,000 crore in the previous month
Navy Chief Admiral Karambir Singh had earlier said terrorist group Jaish-e-Mohammad (JeM) is training its members to carry out underwater attacks.
Here's why investors are worried about Adani's latest acquisition.