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 day’s low of Rs 1,055.40 on the BSE. Meanwhile, other Adani Group stocks, including Adani Power, Adani…
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Adani shares crash up to 20% after Gautam Adani indicted in US on bribery, fraud charges
Stocks of Adani Group companies fell up to 20% on Thursday after billionaire Gautam Adani and seven others faced charges in the United States in a multibillion-dollar bribery and fraud scheme. Prosecutors announced the charges on Wednesday, alleging that the group bribed Indian officials to secure solar energy contracts. Shares of Adani Energy Solutions were…
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Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
Shares of Adani Enterprises are expected to remain in focus on Friday after the company successfully raised Rs 4,200 crore in a share sale to investors via a qualified institutional placement (QIP). The company has allocated 1.41 crore shares at an issue price of Rs 2,962 each. The transaction, which was initiated after market hours…
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Adani Enterprises shares in spotlight after group merges step-down subsidiaries with ANIL
Shares of Adani Enterprises will be in focus on Thursday after the group’s flagship company announced that the Adani Group has merged two of its step-down subsidiaries with Adani New Industries. “We would like to inform you that…two of the Company’s wholly-owned step-down subsidiaries namely, Adani Infrastructure Private Limited and Mundra Solar Technology Limited stands…
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