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The Latest Breaking News from Adani Enterprises

Adani shares tumble again amid fraud claims

MUMBAI: Investors dumped more Adani shares on Tuesday, deepening the carnage at India's biggest conglomerate which has already lost around $70 billion in value after allegations of "brazen" corporate fraud.

Bangkok Post

Adani Group's loss swells to $65 billion; Hindenburg responds to charges

Shares of Adani Group companies remained under pressure for the third straight session on Monday with majority of them witnessing a crash yet again.

The Times of India

Adani accuses short-seller Hindenburg of attacking India

India’s Adani Group, run by Asia’s richest man, has hit back at a report from U_S_-based short-seller Hindenburg Research, calling it “malicious”, “baseless” and full of “selective misinformation.”

The Independent UK

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Adani Group considering legal action over fraud allegations as shares plunge up to 20 per cent

Some Adani companies are suspended as heavy selling of Adani-linked shares continues to wipe billions of dollars' worth of market value.

ABC News

Gautam Adani loses Rs 4.17 lakh crore in 2 days as stocks plunge; sensex crashes 874 points

NEW DELHI: Gautam Adani, the chairman of the Adani Group of companies, saw his wealth plummet by over $48 billion (Rs 4,17,824.79 crore) in two days, as shares of his companies continued to plunge for the second day on Friday.

The Times of India

Hindenburg shorts India’s Adani citing debt, accounting concerns

Concerns raised by the US-based short-seller sent shares of Adani Group’s listed firms tumbling, eroding $11bn.

Al Jazeera

Adani Group firms lose $9bn in value amid short-seller claims

Hindenburg Research says world’s third-richest person, Gautam Adani, is pulling ‘largest con in corporate history’

The Guardian - UK

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One of Wall Street’s most feared short-selling research firms just accused Asia’s richest man of a multibillion-dollar fraud

Shares of Adani Group companies plummeted after its founder was accused of “pulling the largest con in corporate history.”

Fortune

Hindenburg’s short sell call shaves $12 billion off Gautam Adani stocks

MUMBAI: Shares in Adani Group companies lost $12 billion in market value after US investor Hindenburg Research said it was shorting the conglomerate’s stocks and accused firms owned by Asia’s richest person of “brazen” market manipulation and accounting fraud.

The Times of India

Adani now plans to enter water segment; FPO opens January 27

MUMBAI: Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure.

The Times of India

‘It was a set-up, we were fooled’: the coal mine that ate an Indian village

The long read: In a pristine forest in central India, the multibillion-dollar mining giant Adani has razed trees – and homes – to dig more coal. How does this kind of destruction get the go-ahead?

The Guardian - UK

Led by Reliance, two Adani companies, top 100 firms create Rs 92.2 lakh crore wealth during FY17-22

MUMBAI: Two Adani group companies -- Adani Enterprises and Adani Transmission -- have uprooted the traditional leader Reliance Industries in annual wealth creation in 2022 so far, while the top 100 of them created a massive Rs 92.2 lakh crore of wealth, according to a report.

The Times of India

Indian coal magnate Gautam Adani goes green

Asia’s richest man, coal magnate Gautam Adani, made his vast fortune betting on coal as an energy hungry India grew swiftly after its economy was liberalized in the 1990s

The Independent UK

Gautam Adani says his push into media is a responsibility, not a business

Gautam Adani says his push into the news media, including his acquisition of NDTV, is a “responsibility” rather than a business opportunity. In an interview with the British newspaper Financial Times, the Indian billionaire also claims that he had invited NDTV founder Prannoy Roy to remain as the network’s chair.

Newslaundry

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The Times of India

Gautam Adani, Asia's richest man, makes a $5 billion bet to silence debt-obsessed critics

MUMBAI: Gautam Adani's plan to raise at least $5 billion in equity aims to shut down two of the most frequent criticisms leveled against the Indian tycoon's swelling empire: high debt ratios and a limited investor base.

The Times of India

Gautam Adani weighs raising $5 billion in equity as banks urge deleveraging

MUMBAI: Indian billionaire Gautam Adani is courting sovereign wealth funds to raise roughly $5 billion in equity across his sprawling business empire and reduce leverage, people familiar with the matter said.

The Times of India

Adani Group’s cash generation ability underappreciated, M&G says

SINGAPORE: Billionaire Gautam Adani’s group has attracted a lot of scrutiny over its debt-heavy balance sheet and not enough appreciation of its cash-flow generation ability, according to MG Investments (Singapore) Pte.

The Hindu

Adani Enterprises’ subsidiaries secure ₹10,238 crore-fund for Ganga Expressway Project in Uttar Pradesh

The Ganga Expressway in Uttar Pradesh will connect Meerut with Prayagraj

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Newslaundry

Top NDTV executives have made windfall gains from Adani’s takeover

Gautam Adani’s takeover of NDTV may have caused disquiet in the news industry, but it has proved lucrative to several employees of the TV news network. The billionaire’s purchase of about 30 percent of the broadcast company, and whispers about it in the preceding months, sent its share price soaring,…

Dynamite News

Gautam Adani overtakes Bernard Arnault to become world's 3rd richest person

Business conglomerate Adani Group's chairman Gautam Adani is now the world's third-richest person after overtaking France's Bernard Arnault according to Bloomberg Billionaires Index. Full story on Dynamite News:

The Hindu

Morning Digest | PM Modi extends condolences to Pakistan flood victims; Shashi Tharoor exploring possibilities of running for Congress president post, and more

Here’s a select list of stories to read before you start your day

The Hindu

NDTV promoter entity, Adani write to SEBI, seek clarity on stake sale

The media group's promoters have asserted that the deal cannot go ahead without SEBI's nod

The Times of India

Takeover battle: NDTV promoter entity, Adani group approach Sebi on warrants conversion

NEW DELHI: Adani group and NDTV's promoter entity RRPR Holding Ltd have approached Sebi, seeking clarity on the applicability of the regulator's earlier order regarding the conversion of warrants into shares, a decisive factor in the hostile takeover battle for the media group.

Newslaundry

NDTV may get more time to hand over 29.18 percent stake to Adani

A day after Adani Enterprises announced the acquisition of 29.18 percent stake in NDTV, the TV news network has made two disclosures saying that the Securities and Exchange Board of India has barred its promoters Prannoy Roy and Radhika Roy from buying, selling or dealing with securities.

Newslaundry

How Adani is taking over NDTV without consulting the Roys

Through an indirect deal, the media arm of Adani Enterprises, led by Gautam Adani, the fourth richest person in the world, will acquire nearly 30 percent of NDTV’s shares over the next two days. The deal has kicked in an open offer, under which the Adani group is open to…

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