Gautam Adani

The Adani group is executing the Dharavi redevelopment project through a special purpose vehicle in which it has a 80 percent stake

The move aims to diversify its lender base, cut dependency on bank loans, and boost links with retail investors

FTSE's adjustment will occur on August 29, leading to an inflow of $17 million (2 million shares).

Besides Adani Power, a handful of other India state-owned firms, including NTPC Ltd. and PTC India Ltd., also supply electricity to Bangladesh

Hiring is underway for a team of about five people, led by a CEO and a chief investment officer, that will initially report to the Group Chief Financial Officer, Jugeshinder Singh, and eventually to the billionaire-founder, the people said.

Gautam Adani’s group said its cash balance accounted for 24.8% of gross debt as of the end of the first quarter of the fiscal year that began in April, up from 17.7% a year earlier, according to its earnings release

On July 25, Adani Enterprises filed a draft prospectus with stock exchanges for raising Rs 600 crore through a public offer of non-convertible debentures. In May, the board of Adani Enterprises approved a proposal to raise up to Rs 16,600 crore through the QIP route. 

Media reports, including one by Bloomberg on Monday, claimed that Gautam Adani, 62, plans to retire at 70 and transfer control of his business empire to the next generation by the early 2030s.

Adani Group’s $213 billion succession plan takes center stage as Gautam Adani outlines a strategic leadership transition, setting the stage for his sons and nephews to steer the conglomerate.

When Adani retires, his four heirs - sons Karan and Jeet, and their cousins Pranav and Sagar - will become equal beneficiaries of the family trust, according to the scions, the report said.

Housed under Adani Enterprise Limited’s digital arm, Adani Digital Labs, the app has finalised an arrangement with Krazybee Services, the NBFC arm of fintech firm Kreditbee, as its co-lending partner to offer personal loans. More tie-ups are underway, per sources.

Among domestic investors, the QIP is likely to see participation from Bandhan Mutual Fund, and 360 One; some FIIs from US have also sown interest in the deal.

India's annual PVC demand is roughly 4 million tonne but domestic production capacity is only about 1.5 million tonne, resulting in a supply-demand mismatch.

This aligns with India's bold target laid out last month to become one of the top 10 shipbuilder as per the Maritime India Vision 2030 and be in the top five by 2047.

The two companies plan to use the proceeds to fund capex and growth plans as well as to repay certain borrowings of the company. 

Through this proposed scheme, Adani Enterprises will get 8.7 million shares of Ambuja Cements. The scheme will consolidate cement capacity within the group

Flagship firm Adani Enterprises and other group companies disclosed they had received notices from the Securities and Exchange Board of India (SEBI) about alleged violations including non-compliance with certain provisions for listed companies

The apple-to-airport conglomerate currently has over 10 GW of capacity to generate electricity from renewable sources like sunlight and wind energy and is looking to add 6-7 GW every year to reach 50 GW by 2030

Adani Green Energy added 2.8 GW in the last year, 15 percent of India’s total renewable capacity addition, said Gautam Adani, Chairman of the Adani Group.

'We safeguarded our portfolio against any volatility by pre-paying Rs 17,500 crore in margin-linked financing,' says Gautam Adani