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...
Jindal Power bids higher than Adani company for Lanco Amarkantak Power
Naveen Jindal-promoted Jindal Power (JPL) gave a ₹4,203-crore, all-cash offer for acquiring Lanco Amarkantak Power, topping Adani Power’s ₹4,100 crore offer, said people with knowledge of the matter. Last week...
Adani Group raises stake in news agency IANS
The media arm of India’s Adani Group said it increased its stake in IANS India by subscribing to fresh shares issued by the news agency worth Rs 5 crore ($601,801). AMG Media Networks, a unit of Indian billionaire...
Adani Power, Jindal Group companies, Vedanta in race for IL&FS Tamil Nadu Power
Adani Power, Jindal Power and Vedanta Ltd are among a dozen companies that have expressed interest in acquiring IL&FS Tamil Nadu Power Corporation (ITPCL), one of the biggest assets under the IL&FS portfolio...
Adani-owned ACC acquires Asian Concretes and Cements at enterprise value of Rs 775 crore
Adani-owned ACC Limited on Monday announced that it has completed the acquisition of Asian Concretes and Cements Private Limited, having bought the remaining 55 percent stake – valued at Rs 425.96 crores –...
India’s Adani group to acquire controlling stake news agency IANS
Adani Enterprises, Indian billionaire Gautam Adani’s flagship firm, said on Saturday it had acquired a majority stake in news agency Indo-Asian News Service or IANS as the conglomerate tries to consolidate its...
Adani Port to divest of 49% stake in Adani Ennore Container Terminal for ₹247 crore
Adani Ports is set to divest 49 percent of its stake in Adani Ennore Container Terminal (AECTPL) for a total consideration of ₹247 crore, the company informed the exchanges. “The company has entered into a Share...
Adani closing in to buy Shapoorji Pallonji Group’s Gopalpur Ports in Odisha
Adani Ports and Special Economic Zone, India’s biggest maritime company by market capitalisation, is in advanced talks to acquire Shapoorji Pallonji Group’s (SP) Gopalpur Ports in Odisha for up to Rs 1,100-1,200 crore...
Wilmar, GQG, Qatar fund vie for Adani Wilmar stake
The Adani group is in separate talks with Wilmar International Ltd, GQG Partners Llc and the Qatar Investment Authority (QIA) to sell its entire stake in Adani Wilmar Ltd for $2-2.2 billion, two people aware of the...
Adani Unit, ArcelorMittal, JSW in race to buy Vadraj Cement
An Adani group entity, Sajjan Jindal-owned JSW Cement, and ArcelorMittal Group are likely contenders to buy Vadraj Cement, an ABG Shipyard group company that will be sold under the Insolvency and Bankruptcy Code...
Adani in talks to exit JV with Wilmar
Adani Group is in talks with multiple multinational consumer goods companies to sell its entire 43.97% stake in Adani Wilmar Ltd, which owns the Fortune brand of edible oils and packaged grocery, said executives...