
Ambuja Cement, ACC, shares down up to 17% after Hindenburg report on Adani Group
Hindenburg Research accused the Gautam Adani-led conglomerate of "pulling the largest con in corporate history."
Hindenburg Research accused the Gautam Adani-led conglomerate of "pulling the largest con in corporate history."
Billionaire Gautam Adani-led company has fixed FPO floor price at ₹3,112-3,276 per share, and a discount of ₹64 apiece for retail investors.
The board of Gautam Adani’s flagship firm will meet on November 25 to take a final call on issue size of the follow-on public offering.
The renewable energy arm of the Adani Group has posted 49% YoY growth in its consolidated net profit at ₹149 crore, driven by higher revenues.
APSEZ has acquired 49.38% stake in Indian Oiltanking and an additional 10% stake in one of its subsidiaries, IOT Utkal.
On Monday, Adani Enterprises shares rose 3.3% to close at a fresh all-time high of ₹3,961.15, helping the Adani Group company achieve a market cap of ₹4,51,571.54 crore.
The board of Adani Transmission on Wednesday gave approval for the issuance of non-convertible debentures (NCDs) worth ₹1,500 crore in one or more tranches.
The loss was in sharp contrast to D-Street estimates as analysts on average were expecting ACC to report a profit of ₹133 crore for the September quarter.
Adani Green Energy share witnesses a trend reversal as it gains after falling 15% in the past five sessions.
Adani Enterprises shares gained 1.75% to touch a new record high of ₹3,289.55 on the BSE on inclusion in the Nifty50 index from September 30.