gautam adani – The News Desk

Adani Family: Adani group plans $1 billion investment in green energy arm

21Dec

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Adani Family: Adani group plans $1 billion investment in green energy arm

Billionaire Gautam Adani and his family plan to inject $1 billion into the conglomerate’s renewable energy unit, people familiar with the matter said, as the group races to reach ambitious green goals while facing maturing bonds next year. Adani Green Energy Ltd is looking to issue preferential shares to the company’s founders for meeting expansion and refinancing needs, according to the people familiar with the discussions who didn’t want to be identified as the talks are private.Shares rose as much as 6.7% in Mumbai after the news broke, paring this year’s loss to 20%.An Adani Group representative didn’t offer an immediate comment on the founders’ investment.The company board will consider fundraising proposals on December 26, including evaluating options such as selling shares or conve...

Rajiv Jain-led GQG’s $10 billion India bet has winning picks beyond Gautam Adani

11Dec

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Rajiv Jain-led GQG’s $10 billion India bet has winning picks beyond Gautam Adani

GQG Partners LLC, led by star investor Rajiv Jain, saw the value of its India portfolio more than double in little over a year, driven by winning stock picks that go beyond its headline-grabbing investments in the Adani Group.The value of India investments across six of GQG’s funds jumped to $9.9 billion compared with $4.4 billion a year earlier, according to data compiled by Bloomberg from latest regulatory filings and information on the Florida-based investor’s website. GQG added stocks across infrastructure, consumer goods and energy sectors in the India equity market which topped the $4 trillion mark last week, cementing its status as one of the best performers in the emerging world. India is getting much love from global investors eager for alternatives to China at a time when Prime ...

Aiming ‘net zero carbon emissions by 2029’ for Mumbai Airport: Gautam Adani

9Dec

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Aiming ‘net zero carbon emissions by 2029’ for Mumbai Airport: Gautam Adani

NEW DELHI: India's second busiest airport -- Mumbai's CSMIA -- plans to reach "net zero carbon emissions" before the end of this decade. Adani Group chairman Gautam Adani on Saturday said on social media: "We proudly operate (CSMIA) on 100% green energy, making us an entirely sustainable airport. Moreover, we are third in Asia Pacific to reach Level 4+ 'Transition' of ACA Program of ACI, aligning our CO2 management with global climate objectives.Our next goal? Net ZeroCarbon Emissions by 2029!"Mumbai has among the busiest single runway airport as only of its set of cross runways can be used at a time. The billionaire businessman added on X (former Twitter): "Adani's Mumbai Airport is redefining excellence in aviation! It's now the best in Asia Pacific for Services according to ASQ, in the...

Gautam Adani’s Wealth Soars By $10 Bn In A Week, Takes 16th Rank In Global Rich List

6Dec

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Gautam Adani’s Wealth Soars By $10 Bn In A Week, Takes 16th Rank In Global Rich List

Gautam Adani's Net Worth Up $10 Billion In 7 Days: A Significant Jump, What's Next?Adani's Net Worth: Stock Rally Propels Adani Up Rich List, Adding a Whopping $10 Billion in a Week What's Next?Gautam Adani, the Indian billionaire and chairman of the Adani Group, has seen his net worth surge by $10 billion in just the past week. His current fortune stands at a staggering $70.3 billion, as per the Bloomberg Billionaires Index.Also Read: Adani Green Energy Rally 18% On Securing $1.36 billion In Follow-On FundingFollowing a surge in wealth, Gautam Adani now occupies the 16th spot on the global rich list, making him the second Indian billionaire to crack the coveted Top 20. He joins fellow countryman Mukesh Ambani, who comfortably holds the 13th position with a net worth of a whopping $90.4 b...

Gautam Adani’s wealth swells by $5.6 billion on relief rally

4Dec

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Gautam Adani’s wealth swells by $5.6 billion on relief rally

A stocks rally in firms owned by Gautam Adani added $5.6 billion to his net worth last week after India’s top court concluded hearings in a lawsuit where the markets regulator is probing wide-ranging allegations of corporate malfeasance against the conglomerate.The founder of the Adani Group, whose stocks were battered earlier this year after a bombshell shortseller report in January, now ranks 20th on the Bloomberg Billionaires Index with a $65.8 billion fortune.Most of this gain was on Tuesday — the first trading day last week after India’s Supreme Court reserved its verdict on the probe saying it won’t take scathing media reports on the conglomerate as the “gospel truth.” The final court ruling is awaited.Investors, however, seem to have taken court’s observations as a positive cue, st...

Market Regulator: Gautam Adani back in world’s top 20 richest billionaires list as Adani group stocks rally

29Nov

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Market Regulator: Gautam Adani back in world’s top 20 richest billionaires list as Adani group stocks rally

Gautam Adani, the Indian billionaire, has reclaimed a position among the world's top 20 richest individuals after a consecutive market rally lifted the combined market value of his companies by 1.33 lakh crore. He currently holds the 19th spot on the Bloomberg Billionaires Index, marking a $6.5 billion increase in his overall net worth, as per Bloomberg's recent update.However, his total net worth remains $53.8 billion lower for the year-to-date period, according to an ET report.Adani's companies experienced a robust rally across all ten stocks following the Supreme Court's remarks on the market regulator Sebi’s investigation into the Adani Group, which significantly bolstered investor interest in these stocks.The collective market cap of all Adani Group stocks surged by more than Rs 33,0...

Adani to pump in Rs 20,000 cr for 4x boost in ports capacity by 2030

15Oct

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Adani to pump in Rs 20,000 cr for 4x boost in ports capacity by 2030

The Adani group is planning to invest up to Rs 20,000 crore in expanding its cargo capacity at ports four times to 1 billion tonnes by 2030 to emerge as the world’s largest company in this field. In this regard, the group may look at acquisition globally if it gets a good local partner in a country with economic and political stability, Karan Adani, scion of the Adani group and chief executive officer of Adani Ports & SEZ (AP&SEZ), said in an interaction on Sunday. The group, which acquired Haifa Port in Israel early this year for $1.2 billion, is looking to acquire ports in East Africa (Kenya and Tanzania), Vietnam, and some in the Mediterranean Sea. “The port overseas must have good trade ties with India and a strong domestic economy...

Disney: Blackstone holds initial talks with Disney for stake in India arm

11Oct

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Disney: Blackstone holds initial talks with Disney for stake in India arm

MUMBAI -Private equity firm Blackstone has held preliminary discussions with Walt Disney to acquire a stake in the Indian arm of the entertainment firm, two sources familiar with the matter told Reuters on Wednesday. Blackstone is the latest suitor for Disney's assets in the hyper competitive Indian market, where it has been exploring a sale or a joint venture partner for the digital and TV business. Blackstone and Disney declined to comment. Blackstone-backed US media firm Candle Media, founded by former Disney executives, led conversations between the two parties last week, one of the sources said. Indian newspaper The Economic Times first reported the talks earlier on Wednesday. Disney has also held talks with Indian billionaires Gautam Adani and Sun TV Network owner Kalanithi Maran, ...

Adani’s $3.5 billion Ambuja loan moves ahead after some banks get approval

10Oct

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Adani’s $3.5 billion Ambuja loan moves ahead after some banks get approval

A group of banks that have been in talks to lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter.The three banks are Barclays Plc, Deutsche Bank AG and Standard Chartered Plc, said the people, asking not to be identified when discussing a private matter. They’re part of a larger consortium in talks for the syndicated loan to billionaire Gautam Adani’s conglomerate. Some institutions were in discussions to lend $400 million each, in what could become one of the biggest loan deals in Asia this year, Bloomberg reported last month citing people familiar with the matter. No new information ...

Adani: Adani group shares fall after OCCRP allegations on offshore owners

31Aug

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Adani: Adani group shares fall after OCCRP allegations on offshore owners

MUMBAI: Adani Group shares and bonds declined after potentially controversial owners of its stock were identified in a new investigation, dealing the Indian conglomerate a fresh blow after short-seller Hindenburg Research in January alleged the group engaged in corporate fraud and stock price manipulation. All 10 listed Adani stocks retreated in Thursday trading and most of the group’s dollar bonds also fell. Shares of flagship Adani Enterprises Ltd dropped as much as 5.2% before paring losses. Documents obtained by staff at the Organized Crime and Corruption Reporting Project show that Nasser Ali Shaban Ahli from the United Arab Emirates and Chang Chung-Ling from Taiwan spent years trading hundreds of millions of dollars’ worth of Adani Group stock, the global network of investigative jo...