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The Latest Breaking News from AEL

Adani Airports to raise $1 billion of primary equity from global investors at $18 billion valuation

Adani Airports Holdings Limited has attracted substantial investment from international backers, which will facilitate the expansion and advancement of current airport facilities. The objective includes developing city-side real estate as well as enhancing operational efficiency. The funds raised will be directed towards growth initiatives and boosting passenger capacity, positioning the…

The Economic Times

Adani Enterprises to sell up to 5.54% stake in airport unit to Temasek, BlackRock

Adani Airport Holdings Limited has successfully acquired substantial investment from a group of international investors. This infusion of capital will significantly enhance their airport infrastructure development and modernization initiatives. By expanding city-side real estate and scaling operations, the company aims to efficiently accommodate rising passenger numbers while improving service quality.…

The Economic Times

Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why

Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing market price. The brokerage expects EBITDA to more than double by FY29, supported by airports, new energy, roads, copper and other infrastructure businesses. It also…

The Economic Times

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The great Adani trade is back with Rs 1.4 lakh crore bang! Why Adani Enterprises is Nifty’s hottest stock now

Adani Enterprises shares have rallied significantly this year, becoming Nifty's top performer. Investors are betting on its airports-to-copper portfolio to create new listed companies. The company recently raised substantial capital through a qualified institutional placement. This funding will support business expansion, debt repayment, and strategic investments. Analysts expect strong earnings…

The Economic Times

The Adani stock Morgan Stanley thinks could benefit most from India’s infrastructure push

Morgan Stanley has initiated coverage on Adani Enterprises with an Overweight rating and a target price of Rs 3,638, implying a 23% upside. The brokerage sees AEL as the best-placed Adani Group company to benefit from India’s infrastructure and capex boom, citing its strong presence in airports, roads, data centres…

The Economic Times

US Justice Department drops all criminal charges against Gautam Adani, closes case permanently

US authorities have dropped criminal fraud charges against Gautam Adani. This follows a $275 million settlement for a probe into sanctions violations. Adani had promised a $10 billion investment in the US economy. His lawyer argued the case was weak and investment was contingent on dismissal. The settlement involved apparent…

The Economic Times

Adani Enterprises resolves US Treasury sanctions case with $275 mln settlement after 'proactive' disclosure, cooperation

Adani Enterprises has agreed to a $275 million settlement with the US Treasury. This resolves potential civil liability for 32 apparent violations of US sanctions on Iran. The company bought liquefied petroleum gas from a Dubai trader. This gas had actually originated from Iran. Separately, the US Securities and Exchange…

The Economic Times

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Jimmy Kimmel to Kunal Kamra: Trump’s US follows a familiar playbook from Modi’s India

What do the current government of the United States, headed by Donald Trump, and the government in India, led by Narendra Modi, have in common?

Newslaundry

Adani lawyer claims journalists funded ‘by China’, court quashes gag order

A Delhi court on Thursday set aside a lower court’s September 6 order that had restrained journalists and publishers from publishing articles deemed defamatory to Adani Enterprises Ltd (AEL), led by Gautam Adani.

Newslaundry

It’s Time for American Equity Investment Life Shareholders to Jump on the Brookfield Bandwagon

Brookfield Reinsurance has offered to buy the shares of American Equity Investment Life it didn’t already own for $55. American Equity shareholders should rollover the stock portion of the deal, opting to hold Brookfield for the long haul.

Barchart

Explained | Decoding the expert committee report on Adani

Explaining the expert committee report on Adani which has shown regulatory fault with SEBI

The Hindu

Six entities under lens for suspicious trading in Adani shares: Supreme Court panel

Hindenburg’s report claimed that the Adani empire was the “biggest con in corporate history” engaged in a “brazen stock manipulation and accounting fraud scheme”

The Hindu

'National champion' Adani beneficiary of favours

India’s government appears to have favoured the Adani Group to grow more rapidly than older peers and avoid regulatory scrutiny on potentially serious concerns.

360info

Lenders maintain Adani Enterprises' credit limits despite Hindenburg report allegations

NEW DELHI: A group of lenders, led by the State Bank of India (SBI) conducting an annual review of Adani Enterprises Ltd (AEL), have decided to maintain the credit limits previously sanctioned for Gautam Adani's flagship company, the Economic Times reported quoting two sources on Tuesday.

The Times of India

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The Times of India

Adani Group touts 'very healthy' balance sheet in bid to calm investors

NEW DELHI: Billionaire Gautam Adani's embattled conglomerate said its balance sheet is "very healthy" and is laser focused on continuing business momentum, as it looked to reassure investors to keep faith in the conglomerate despite a share rout triggered by a damning report by a US short-seller.

The Times of India

Adani Enterprises posts Q3 profit on strong performance in coal trading, airport business

NEW DELHI: Adani Group's flagship company Adani Enterprises on Tuesday reported a profit worth Rs 820 crore for the third quarter of the financial year 2022-23, at a time when the conglomerate has been under pressure in wake of US short-seller Hindenburg's report.

The Times of India

Hum Adani ke Hain Kaun: Congress targets PM Modi over Hindenburg report, minister hits back

NEW DELHI: Both the houses of Parliament were adjourned for the third consecutive day on Monday without transacting hardly any business over the situation having arisen out of the report published by American research organisation and short-seller Hindenburg about the shares of Adani Enterprises Ltd (AEL).

The Times of India

Adani Group to spin off hydrogen, airports, data centre businesses by 2028: CFO

NEW DELHI: Billionaire Gautam Adani's group plans to spin off businesses like hydrogen, airports and data centre between 2025 and 2028 after they achieve a certain investment profile, it's Chief Financial Officer Jugeshinder Singh said.

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The Times of India

Adani Enterprises FPO offer: 10%-15% discount for investors

NEW DELHI: Adani Enterprises Limited(AEL), the flagship company of richest Indian Gautam Adani, on Wednesday filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO).

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

Adani Enterprises profit rises 76% to Rs 469 crore in June quarter

NEW DELHI: Adani Enterprises Ltd (AEL) on Thursday reported a 76.48 per cent rise in consolidated profit at Rs 468.74 crore for the first quarter ended June on the back of higher revenue from operations.

The Hindu

France’s Total to buy stake in Adani hydrogen unit

Adani New Industries-TotalEnergies JV eyes $50 bn green hydrogen investment in 10 years

Benzinga

Where American Equity Inv Stands With Analysts

Over the past 3 months, 7 analysts have published their opinion on American Equity Inv (NYSE:AEL) stock. These analysts are typically employed by large Wall Street banks and tasked with understanding a company's business to predict how a stock will trade over the upcoming year.

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