Adani Energy Solutions Ltd (AESL) said Thursday it has completed the acquisition of Essar Transco Ltd for an enterprise value of ₹1,900 crore after securing necessary approvals. The companies had signed agreements for...
Adani Energy Solutions completes acquisition of Essar Transco
Adani Energy Solutions announced the conclusion of acquisition of 100% stake in Essar Transco (ETL) through its wholly owned subsidiary – Adani Transmission Step Two (ATST) on 15 May 2024. Consequently, ETL has...
Blackstone in talks to acquire Adani Realty’s BKC office tower for Rs 2,000 cr
Blackstone Group is in advanced talks to buy Adani Realty’s commercial real estate project Inspire BKC, situated on the edge of Mumbai’s bustling business district Bandra-Kurla Complex (BKC), persons with direct...
Adani Energy Solutions arm to acquire 100 pc stake in Pointleap Projects
Adani Electricity Mumbai Ltd on Thursday signed an agreement to acquire 100 per cent stake in Pointleap Projects Pvt Ltd (PPPL) for a consideration of Rs 13.15 crore. Adani Electricity Mumbai Limited (AEML) is a...
Adani arm completes 49% acquisition in Adani Esyasoft Smart Solutions
Adani Enterprises’ arm Adani Global Limited on Friday announced that it had completed the acquisition of a 49% stake in Adani Esyasoft Smart Solutions. The conglomerate’s intimation comes in connection with...
Adani group increase its stake in Ambuja Cements to 70.3% by converting warrants
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...