Tag: adani shares
Adani group halves growth targets, cuts capex post-Hindenburg stock rout: Report
Bloomberg | | Posted by Ritu Maria Johny India’s Adani group has halved its revenue growth target and plans to scale down fresh capital expenditure,…
‘No exposure left’: Norway’s wealth fund divests all Adani Group’s shares
Norway’s $1.35 trillion sovereign wealth fund said on Thursday it has in recent weeks divested virtually all its remaining shares in companies belonging to India’s…
MSCI review puts Adani shares back in the red
AFP | | Posted by Shobhit Gupta Global stock index compiler MSCI said it was reviewing the status of equities in India’s Adani Group on…
Adani flagship stock jumps 25%; $6bn recovered after prepayment of loans
Adani Enterprises Ltd. surged, leading gains in the group’s stocks after the conglomerate’s founders pre-paid some debt and traders covered short positions. The flagship’s stock…
$2.5 billion share sale cancelled; Adani Enterprises tumble over 28%
Under-fire Indian tycoon Gautam Adani insisted Thursday that the fundamentals of his conglomerate were “strong” even as shares in its companies plunged again after the…
Adani’s shares plummet over $80 billion as Hindenburg report woes continue
The crisis of confidence plaguing Gautam Adani is deepening, with the stock rout triggered by Hindenburg Research’s fraud allegations erasing a third of the market…
Adani says $2.5 billion FPO ‘on schedule’ amid Hindenburg row
A $2.5 billion share sale by India’s Adani Enterprises remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources…