
Adani Ports shares jump 3% on plan to buyback debt securities
The board of APSEZ will meet on April 22 to consider partial buyback of its rupee or U.S. dollar denominated debt securities in the current fiscal.
The board of APSEZ will meet on April 22 to consider partial buyback of its rupee or U.S. dollar denominated debt securities in the current fiscal.
GQG has acquired 3.4% stake in Adani Enterprises, 4.1% in Adani Ports, 2.5% in Adani Transmission, and 3.5% in Adani Green Energy.
Adani Green shares have tumbled 73% in the last twenty sessions, from ₹1,916.80 on January 24 to ₹512.35 intraday today.
This comes amidst reports that the group is engaging with lenders to prepay some of its commitments to revive investor confidence.
Before the opening of the Indian stock market, Gautam Adani through a video message assured investors that Adani Group has strong fundamentals, healthy balance sheet and robust assets.
Asia's richest man Gautam Adani-led companies have been falling since January 25 following a report by Hindenburg Research that raised concerns about its high debt levels and the use of tax havens.
Loss in market cap of Adani Group is 19 times the planned ₹20,000 crore FPO, the largest ever in Indian capital markets
Shares of Adani group companies extended fall for the second session, falling up to 20% in early trade, led by Adani Total Gas and Adani Green Energy.
Billionaire Gautam Adani, and his family have committed a donation of ₹60,000 crore to a range of social causes to mark the business tycoon's 60th birthday on June 24