Key Points
New Delhi, June 2. Gautam Adani has retaken the tag of richest person in Asia after a surge in stock price of the listed companies in his apples-to-airport conglomerate helped him overtake Reliance Industries head Mukesh Ambani...
Adani with a net worth of USD 111 billion is now ranked as the 11th richest in the world, ahead of Ambani whose USD 109 billion wealth placed him at No. 12, according to the Bloomberg Billionaires Index...
Shares of all Adani Group companies surged on Friday by up to 14 per cent after US brokerage Jefferies put a bullish view on the group that is back to an expansion spree with a planned USD 90 billion capital expenditure over the next decade...
Hindenburg alleged Adanis business empire was built through fraud, sending stock prices of his group crashing by USD 150 billion at its lowest point and him out of the worlds top 20 billionaires..
So far in 2024, Adanis net worth has jumped USD 26.8 billion while Ambanis wealth has increased by USD 12.7 billion, according to Bloomberg Billionaires Index...
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Adani has $2 bn bonds due for repayment in 2024
05, Mar, 23The apples-to-airport conglomerate borrowed over USD 10 billion in foreign currency bonds between July 2015 and 2022 across group companies. Of this, USD 1.15 billion of bonds matured in 2020 and 2022. Executives told investors they will address upcoming debt maturities including by potentially offering private placement notes and using cash from operations.
Adani raises $1.4 bn from stake sale in 3 cos; $9 bn raised in 4 yrs
09, Jul, 23Adani Enterprises Ltd, the group's flagship firm, plans to raise Rs 12,500 crore through share sale to investors while electricity transmission company Adani Transmission another Rs 8,500 crore. Its renewable energy firm plans to raise Rs 12,300 crore
View: Indian tycoons Ambani and Adani won't step on each other's toes
16, Aug, 23Indian billionaire Gautam Adani is recasting his conglomerate and focusing on core infrastructure business, instead of engaging in direct competition with his biggest rival Mukesh Ambani. Adani, who is grappling with governance issues and allegations of manipulation and undisclosed transactions, has sold his consumer finance franchise to Bain Capital, and reportedly exploring the sale of his $2.6bn stake in Adani Wilmar.
Adani Group repays loans worth USD 2.65 bn to complete prepayment programme
05, Jun, 23Embattled Adani Group on Monday said it has repaid loans aggregating USD 2.65 billion to complete a prepayment programme to cut overall leverage in an attempt to win back investor trust post a damning report of a US short seller.
Gautam Adani to raise $3.5 billion from share sale in three group companies
31, May, 23While boards of Adani Enterprises Ltd - the group's flagship firm - and electricity transmission company Adani Transmission Ltd have already approved raising up to Rs 21,000 crore (over USD 2.5 billion) through share sales to qualified institutional investors, the board of Adani Green Energy Ltd is likely to do so for raising up to USD 1 billion in the next couple of weeks, sources aware of the matter said.
Adani repays $2.15 bn loan taken pledging shares, prepays another $500 mn loan for Ambuja cement
12, Mar, 23In a statement, Adani group said it has repaid USD 2.15 billion of loans that were taken by pledging shares in the conglomerate's listed firms and also another USD 500 million in loans taken for the acquisition of Ambuja Cement.