Adani Group stocks extend losses, drop up to 11% after Kenya cancels deals following US charges
Adani Group stocks extended their losses for a second consecutive session, with Adani Enterprises shares plunging 7% in early trade on Friday, hitting a 52-week low of Rs 2,030. Meanwhile, shares of Adani Ports fell 5.3%, reaching a dayβs low of Rs 1,055.40 on the BSE. Meanwhile, other Adani Group stocks, including Adani Power, Adani…
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Adani Energy shares crash to hit 20% lower circuit after 100% acquisition of Pune-III Transmission
Shares of Adani Energy Solutions crashed 20% to hit their lower circuit at Rs 697.70 on the BSE today after the company announced that it has entered into an agreement with PFC Consulting for the acquisition of a 100% stake in Pune-III Transmission (PTL). However, the crash in the stock has come after Gautam Adani,…
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Adani Enterprises set to raise up to $2 billion through a QIP next week
Mumbai: Adani Enterprises is likely to raise up to $2 billion through a qualified institutional placement (QIP) by the middle of next week, sources aware of the development said. Meanwhile, the Adani Group along with Wilmar will also launch the sale of around a 13% stake in Adani Wilmar by the end of this month…
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Adani Energy shares jump 10%, hit 52-week high on strong response to QIP
Shares of Adani Energy Solutions surged nearly 10% on Thursday after the $1-billion qualified institutional placement (QIP) was oversubscribed six times, garnering a demand of over Rs 50,000 crore according to an ET report. The stock also hit a fresh 52-week high of Rs 1,250 on the NSE amid significant volume, when 1.27 crore shares…
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