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This came at a time where share prices of Adani Group listed companies declined steeply due to the report released by Hindenburg Research in January that year. At that time, GQG's emerging market fund had 34% of its investments in Indian companies. [4] In June, GQG bought a stakes worth US$1 billion in Adani Enterprises and Adani Green Energy. [11]
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 Group (Hindi: [əd̪aːniː], Gujarati: [əd̪aɳiː]) is an Indian multinational conglomerate, headquartered in Ahmedabad.Founded by Gautam Adani in 1988 as a commodity trading business, the Group's businesses include sea and airport management, electricity generation and transmission, mining, natural gas, food, weapons, and infrastructure. [12]
It was incorporated by Adani Group on June 11, 2021. [25] 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 ...
The Adani group, meanwhile, decided not to proceed with a proposed U.S. dollar-denominated bond offering. ... Adani’s net worth shot up about 2,000% in recent years as share prices for his ...
Gautam Shantilal Adani (Gujarati: [ɡəʊt̪əm ʃãn̪t̪ilal əd̪aɳiː]) (born 24 June 1962) is an Indian billionaire businessman who is the founder and chairman of the Adani Group, a multinational conglomerate involved in port development and operations in India.
Adani Wilmar Ltd. was incorporated in 1999 as an equal joint venture between Adani Enterprises and Singapore-based Wilmar International. [9] [10] Adani Wilmar's brand, Fortune, is an edible oils and foods brand. [9] Between 2014 and 2017, the company launched other packaged products, such as rice, soya chunks, and flour, under the same brand ...
In December 2022, Prannoy and Radhika Roy sold 27.26 per cent out of their 32.26 per cent shareholding in the news network to the Adani Group, which till then had over a 37% stake in the media company, making the conglomerate, the single largest shareholder with over 64.71 per cent stake.
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