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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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 Power, Adani Green shares surge up to 5% on 6,600 MW supply deal with Maharashtra govt
Shares of Adani Power and Adani Green surged nearly 5% today, hitting intraday highs of Rs 665.90 and Rs 1,870, respectively, on the BSE. This rise followed the announcement that the Maharashtra State Electricity Distribution Company (MSEDCL) had issued letters of intent for the supply of 6,600 MW of hybrid solar and thermal power. Under…
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Adani bull GQG hikes stake in GMR Airports to over 5%
US-based boutique investment firm GQG Partners, best known on Dalal Street as an Adani bull, has increased the stake in GMR Airports Infra from 4.74% to 5.17% last week. “Now, on August 23, 2024, the Acquirer and PACs (persons acting in concert) acquired further shares of the Company, resulting in their shareholding crossing 5% of…
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Adani Wilmar shares jump over 6% as Adani Enterprises to demerge food FMCG biz
Shares of FMCG firm Adani Wilmar jumped 6.4% to Rs 370.7 in Friday’s intraday trade on BSE after billionaire Gautam Adani’s flagship entity Adani Enterprises on Thursday approved the demerger of the company’s food FMCG business to Adani Wilmar. “It is believed that the proposed demerger will unlock the direct value of the demerged company’s…
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Q1 results today: ITC, Tata Motors among 88 companies will announce earnings on Thursday
The first quarter earnings season is underway and as many as 88 companies will announce their quarterly numbers on Thursday. Key results to watch out for include ITC, Sun Pharma, Tata Motors, Adani Enterprises, Adani Ports, Zomato and Dabur. Apart from the above, companies like AB Capital, Clean Science Tech, Emami, Escorts Kubota, Indegene, Le…
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