Adani stocks surge up to 20% after SC hearing; m-cap crosses ₹11 lakh cr mark
Adani Total Gas shares touched its 20% upper circuit limit, while Adani Energy Solutions, Adani Power, Adani Enterprises, NDTV, Adani Green rose between 10-19%.
ambuja cements
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Adani Cement completes $3.5 bn debt refinancing taken for ACC-Ambuja buy
Adani Cement, through Endeavour Trade and Investment, has signed agreements with international banks to refinance $3.5 billion debt taken for acquisition of Ambuja Cements and ACC last year
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.
Most Adani group stocks ended higher for 4th straight session; m-cap rises to ₹10.91 lakh cr
Barring Adani Enterprises, Adani Ports, ACC, and Ambuja Cements, shares of six listed Adani group stocks ended higher today.
Ambuja Cements buys 56.74% stake in Sanghi Industries at ₹5,000 cr valuation; stock rises
Adani Group-owned cement maker will acquire 56.74% shares of Sanghi Industries from its existing promoters.
Adani Group’s m-cap rises by ₹71,000 cr to ₹10.8 lakh cr in July
Adani Green Energy was the best performer among the group stocks with 15.58% increase in market cap, while NDTV was the least performer with 0.61% rise in value.
Cement sector’s M&A streak over for now
UBS believes inorganic proposition is not value accretive given the combination of overcapacity and weak demand
Cement stocks under pressure; CRISIL expects cement prices to dip 1-3% in FY24
Cement prices are expected to fall due to cooling costs and intensifying competition, says CRISIL
Adani Ent to grow 100 mn trees by 2030 as part of ESG pledge
Gautam Adani-led conglomerate releases a compendium of its environmental, social, and corporate governance performance for FY23
Adani Group repays loans worth $2.65 bn; stocks rise up to 4%
Adani Group has made a full prepayment of $2.15 billion of loans and another $700 million debt taken for the acquisition of Ambuja Cement
