Ambuja Cements forms 3 subsidiaries to carry aircraft, cement biz
Lotis IFSC will focus on aircraft business, while Ambuja Concrete North and Ambuja Concrete West will cater to the cement industry.
Lotis IFSC will focus on aircraft business, while Ambuja Concrete North and Ambuja Concrete West will cater to the cement industry.
Gautam Adani's comeback strategy has led to an 85% rise in group revenues in FY23, post the Hindenburg rout.
OCCRP's claims are based on closed cases from a decade ago, says Adani Group
Adani Power gained up to 3.9%, followed by Adani Enterprises and Adani Ports & SEZ, which climbed 2.5% each during the trade so far.
Kempas Trade and Investment, a promoter entity, acquired 2.53 crore shares of Adani Enterprises in the open market between August 7 and August 18.
The combined market capitalisation of Adani Group stocks touched ₹11.29 lakh crore on Monday, hitting six months high amid recent investments by Rajiv Jain-led GQG Partners.
The investment firm picked up 22.56 lakh shares of Adani Ports through bulk deal on August 17, 2023, raising its stake in the company from 4.93% to 5.03%.
Adani Green stock gains 9.8% in intraday trade to touch a high of ₹1,024.95 apiece
Rajiv Jain-led investment firm purchased 31.2 crore equity shares of Adani Power for more than ₹9,000 crore ($1.1 billion) in a series of block deals on Wednesday.
"The news item refers to one of the promoter of our Company and not to any actions by the Company," says Adani Wilmar.