The Adani Group has increased its stake in Ambuja Cements by 3.6%, bringing it to 70.3%, through the conversion of warrants into equity. The company announced on Wednesday that the Adani family, promoters, has fully...
Adani’s Ambuja Cements to buy My Home Group’s grinding unit in TN for Rs 413.75 crore
Ambuja Cements on Monday said it will acquire My Home Group’s cement grinding unit at Tuticorin in Tamil Nadu for a total value of Rs 413.75 crore. The company — a part of the Adani Group — has signed...
Ambani-Adani strategic collaboration: Reliance to acquire 26% stake in 600MW Mahan Energen power unit for
Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country’s wealthiest men. The Mukesh...
Ambani-Adani strategic collaboration: Reliance to acquire 26% stake in 600MW Mahan Energen power unit for Rs 50 crore
Reliance Industries (RIL) and Adani Power have signed a 20-year power purchase agreement for 500 MW, marking a rare, strategic collaboration between conglomerates led by two of the country’s wealthiest men. The Mukesh...
Adani cements its Ambuja stake with₹6,661 cr infusion
The Adani family has infused ₹6,661 crore into Ambuja Cements, raising its stake by 3.6% to 66.7%. This is the second fund infusion since late-2022 when the promoter had invested ₹5,000 crore into the company through...
CCI clears Adani Power’s purchase of Lanco Amarkantak
The Competition Commission of India on Tuesday approved Adani Power’s acquisition of Lanco Amarkantak Power, according to an order by the antitrust regulator. Adani Power proposes to acquire a 100% stake and control of...
Shapoorji Pallonji Group sells Gopalpur Port to Adani Ports
Shapoorji Pallonji Group today announced the sale of the brownfield-Gopalpur port to Adani Port and SEZ Ltd. for an enterprise value of Rs 3350 crore, confirming ET’s newsbreak. This is the second port divestment in...
Adani Group keen to buy AAI’s stake in Mumbai airport: Report
The Adani Group is considering a bid to acquire the stake held by the Airports Authority of India (AAI) in the Mumbai International Airport, the Mint newspaper reported citing Karan Adani, managing director of Adani...
Adani Enterprises arm acquires France-based Le Marche Duty Free
Gautam Adani-led Adani Enterprises on Wednesday said that the company’s Dubai arm, Ospree International FZCO, has acquired France-based Le Marche Duty Free SAS (LMDF) at a cost of 5,000 euros. In an attempt to...
Adani group in advance talks to raise $2.6 billion; may trim stake in airport, green hydrogen units
The Adani Group is reportedly in advanced discussions with prominent sovereign funds based in West Asia to secure funding of up to $2.6 billion. This potential move to raise funds is part of the conglomerate’s...
Adani Power, DAIT get CCI nod to acquire Coastal Energen
The Competition Commission of India (CCI) said it has approved a proposal to acquire a 100 per cent stake in Coastal Energen Pvt Ltd by Adani Power Ltd and Dickey Alternative Investment Trust. Adani Power Ltd (APL), a...
Adani Power inks initial pact to sell entire stake in two arms to AdaniConnex for Rs 540 cr
Adani Power said it has inked an initial pact to sell 100 per cent equity in its two arms Aviceda Infra Park and Innovant Buildwell to AdaniConnex for Rs 540 crore. “Adani Power has entered into a Memorandum of...