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NEW DELHI (Reuters) -Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions ...
Adani Cement is wholly-owned subsidiary of Adani Enterprises and has not begun its business operations. [ 32 ] [ 33 ] It was reported in June 2021 that the Adani Group planned to set up a cement plant in Maharashtra which will have an initial capacity of 5-Million tonnes per annum with an approximate investment of ₹900-1,000 crore. [ 34 ]
Since Jan. 24, 2023, Adani Energy Solutions is down 71.32%, Adani Total Gas has lost 82.7%, and flagship Adani Enterprises is down about 30%. Adani Ports and Adani Power are up about 51% and 105% ...
The Adani group became India's largest private coal mining company after Adani Enterprises won the Orissa mine rights in 2010. [29] Operations at the Port of Dahej commenced in 2011 and its capacity subsequently grew to 20 Mt. The company also bought Galilee Basin mine in Australia with 10.4 gigatonnes (Gt) of coal reserves. [30]
Hindenburg's 2023 reports on Indian conglomerate Adani and Icahn Enterprises both saw the company ... Click here for in-depth analysis of the latest stock market news and events moving stock prices.
Welspun Enterprises completed its first project, the Delhi-Meerut Expressway (Package I), in 2018, the first 14-lane expressway in India. [ 14 ] [ 15 ] In 2022, the company announced that the National Highways Authority of India (NHAI) issued a Provisional Certificate for Commercial Operation (PCOD) for 53.763 km (77.96%) of the total project ...
The report was released ahead of Adani Enterprises' follow-on public offering, which opened on Friday, 6 pm, 27 January 2023. [47] The Adani Group's CFO (Jugeshinder 'Robbie' Singh) [48] stated that the timing of the report's publication was a "brazen, mala fide intention" to damage the offering. [47]
The stock tumbled 11% in a single day, and Anderson was off to the races. Other targets of Hindenburg's negative research and short-seller activity included Clover Health , Adani Group , and Icahn ...