Adani Ports and Special Economic Zone (APSEZ), the largest transport utility in India, has completed the acquisition of Karaikal Port Private (KPPL) pursuant to National Company Law Tribunal (NCLT) approval. Earlier...
Adani acquires 49 pc in Quintillion Business Media for Rs 48 crore
Billionaire Gautam Adani’s AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore. In a stock...
Adani Group, Reliance Industries pull out of race to acquire SKS Power Generation
Adani Group and Reliance Industries have not submitted revised bids for SKS Power Generation (Chhattisgarh), making it a five-way contest for the 600 MW thermal power project, people familiar with the process said...
Adani Power sells Support Properties stake to AdaniConnex for Rs 1,556 cr
Adani Power on Thursday said it has sold a 100 per cent stake in Support Properties Private Ltd (SPPL) to AdaniConnex Private Ltd (ACX) at an enterprise value of Rs 1,556.5 crore. “Parties to the proposed...
Gautam Adani to sell stake in cement business for $450mn to reduce debt: Report
Gautam Adani, the chairperson of the Adani Group, is planning to sell stake in the cement business for $450 million with aim to reduce debt, reported Financial Times. Adani is looking to sell 4-5 per cent stake in...
Adani Power amalgamates six subsidiary companies
Adani Power said it has amalgamated its six subsidiaries, including Adani Power (Mundra), with itself. An amalgamation of six wholly-owned subsidiary companies of Adani Power Ltd (APL) — Adani Power Maharashtra...
Adani Group acquires NDTV promoters’ additional 27.26% stake for ₹602 cr
Billionaire Gautam Adani now owns a majority stake in Prannoy and Radhika Roy-promoted news broadcasting company New Delhi Television Ltd. On Friday, Adani Enterprises, through its indirect subsidiary RRPR Holdings...
Adani Group sells Rs 15,446-cr stake to US equity boutique GQG Partners
Adani group said it has sold minority stakes in four of the conglomerate’s listed companies to American equity investment boutique GQG Partners for Rs 15,446 crore. In a statement, the group said shares in Adani...
Adani decides against bid for stake in state-backed PTC India – Bloomberg News
Adani Group’s billionaire founder Gautam Adani has decided against bidding for a stake in electricity trader PTC India Ltd as the beleaguered conglomerate looks to conserve cash amid a short seller attack...
Adani Power calls off acquisition of DB Power
Adani Power has called off the acquisition of DB Power for Rs 7,017 crore after missing the latest deadline to complete the transaction, which expired on Wednesday. “We wish to inform that the long stop date under...
Adani Power’s deal to acquire DB Power expires
Billionaire Gautam Adani-Adani Power’s planned ₹7,017-crore acquisition of thermal power assets of DB Power Ltd has collapsed as the deadline to complete the transaction expired. The agreement to acquire the...
Adani Power receives NCLT’s approval for merger of six subsidiaries
The National Company Law Tribunal (NCLT) on Thursday approved the merger of Adani Power Maharashtra, Adani Power Rajasthan, Udupi Power Corporation, Raipur Energen, Raigarh Energy Generation, and Adani Power (Mundra)...