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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 ...
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% ...
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]
Hindenburg Research's founder said he would disband the firm whose reports sparked heavy selling by investors and investigations by authorities, wiping billions from the market values of companies ...
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]
BENGALURU (Reuters) -Shares in India's NDTV Ltd jumped the maximum permitted 5% to a 14-year high on Wednesday, after billionaire Gautam Adani's conglomerate moved to take a near 30% stake in the ...
In January 2023, Adani and his companies were accused of stock manipulation by New York-based investment firm Hindenburg Research in a report titled "Adani Group: How The World's 3rd Richest Man Is Pulling The Largest Con In Corporate History". Following that, Adani Group stocks plummeted $45 billion.
NEW DELHI (Reuters) -Adani Group founder Gautam Adani responded for the first time on Saturday to allegations by U.S. authorities that he was part of a $265 million bribery scheme, saying that his ...