
Adani stock fall continues; Adani Enterprises; Transmission down up to 10%
Adani Enterprises declined as much as 9.5% in early trade amid a report that the flagship company has dropped a plan to raise around ₹1,000 crore ($122 million) via bonds.
Adani Enterprises declined as much as 9.5% in early trade amid a report that the flagship company has dropped a plan to raise around ₹1,000 crore ($122 million) via bonds.
The investments in Adani’s entities were undertaken in full compliance with applicable Indian laws, and its own internal governance processes, says TotalEnergies.
This comes amidst reports that the group is engaging with lenders to prepay some of its commitments to revive investor confidence.
The agency says it will be looking at any major changes to Adani group entities’ access to financing or cost of financing on a long-term basis.
All Adani group companies were trading in red after NSE put three firms - Adani Enterprises, Adani Ports, and Ambuja Cements - under the ASM framework
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.
Adani Group Chairman Gautam Adani says for him, the interest of investors is paramount and everything is secondary
Shares of ACC and Ambuja Cements rallied after the management refuted reports claiming that shares of both recently acquired cement entities were pledged by promoters.
The Adani FPO was slated to be the first 'mega FPO' of the Indian market, and is now the first mega FPO to be 'called off'.
Since the launch of FPO, total market cap of Adani Group has fallen 38.26% or by ₹7.35 lakh crore, from ₹19.21 lakh crore to ₹11.86 lakh crore.