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Adani Group moves Kerala HC seeking central forces protection at Vizhinjam port
India

Adani Group moves Kerala HC seeking central forces protection at Vizhinjam port

The Adani Group on Friday moved the Kerala High Court seeking the assistance of central forces to continue with construction at the Vizhinjam seaport in Thiruvananthapuram

Dharavi Redevelopment goes to Adani: What is this mega project?
Explainers

Dharavi Redevelopment goes to Adani: What is this mega project?

The much-awaited Dharavi Redevelopment Project has finally moved forward with the Adani Group emerging the victor with its Rs 5,069 crore bid. The project, whose development has been stalled for the past two decades, aims to rehabilitate 6.5 lakh slum dwellers in seven years

Adani Enterprises to hold high-level meeting today to deliberate on fundraising; check details
Business

Adani Enterprises to hold high-level meeting today to deliberate on fundraising; check details

Gautam Adani's Adani Enterprises will be holding a meeting with the board of directors on Friday to discuss future fundraising. Amid reports of Adani Enterprises Limited thinking about issuing fresh shares, the firm will be holding a meeting on Friday

Adani Group's Rs 493 crore open offer for NDTV to start on 22 November
Business

Adani Group's Rs 493 crore open offer for NDTV to start on 22 November

The offer with a price band of Rs 294 per share will open on 22 November and close on 5 December, said a notice by JM Financial, the firm managing the offer on behalf of Adani Group firms

Adani Group will invest USD 100 billion in data centres
India

Adani Group will invest USD 100 billion in data centres

70 per cent of this new investment will be in the energy transition space, said Adani who is currently the world's second-richest person.

Adani Group to launch open offer for NDTV on 17 October
Business

Adani Group to launch open offer for NDTV on 17 October

The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on 1 November

Adani Group launches Rs 31,000 crore open offer for ACC, Ambuja Cements
Business

Adani Group launches Rs 31,000 crore open offer for ACC, Ambuja Cements

In May, the Adani Group had made an open offer at Rs 385 per share for Ambuja Cements and Rs 2,300 per share for ACC

Adani group rejects NDTVs assertion of Sebi nod needed for share acquisition
Business

Adani group rejects NDTVs assertion of Sebi nod needed for share acquisition

Terming the contentions raised by RRPR as "baseless, legally untenable and devoid of merit", VCPL said the holding firm is "bound to immediately perform its obligation and allot the equity shares" as specified in the Warrant Exercise Notice

Sebi approval 'necessary' for Adani group to acquire NDTV promoters' stake in holding firm RRPR: Filing
Business

Sebi approval 'necessary' for Adani group to acquire NDTV promoters' stake in holding firm RRPR: Filing

In November 2020, Sebi restrained NDTV's founder-promoters Prannoy and Radhika Roy from accessing the securities market, and further prohibiting buying, selling, or otherwise dealing in securities, directly or indirectly, or being associated with the securities market for a period of two years

NDTV stock rises 5%; hits upper circuit limit after Adani group's takeover bid
Business

NDTV stock rises 5%; hits upper circuit limit after Adani group's takeover bid

In a move that has significant ramifications for the media landscape, billionaire Gautam Adani on Tuesday launched a hostile bid to take over NDTV, first with an indirect acquisition of 29.18 per cent stake in the broadcaster followed by an offer to buy out a further 26 per cent controlling stake

Gautam Adani makes foray into news channel space; set to acquire NDTV
Business

Gautam Adani makes foray into news channel space; set to acquire NDTV

The owners of New Delhi Television Ltd (NDTV) said they were completely unaware of the takeover until Tuesday, and that it was done without their consent or any discussion.

Adani Group to launch open offer for ACC and Ambuja Cements on 26 August
Business

Adani Group to launch open offer for ACC and Ambuja Cements on 26 August

In May this year, the Adani Group announced that it has clinched a deal to acquire a controlling stake in Holcim Ltd's businesses in India for $10.5 billion

5G auction today: What’s up for sale? Which companies are in the race?
Business

5G auction today: What’s up for sale? Which companies are in the race?

India’s 5G auction starts today and four companies are bidding: Reliance Jio, Bharti Airtel and Vodafone Idea. The fourth contender is Indian billionaire Gautam Adani, whose entry came as a surprise

Adani Data Networks, Jio, Airtel, Vodafone Idea to take part in upcoming 5G auction
Business

Adani Data Networks, Jio, Airtel, Vodafone Idea to take part in upcoming 5G auction

A total of 72,097.85 MHz of spectrum worth at least Rs 4.3 lakh crore will be put on the block during the auction, set to commence on 26 July, 2022

Adani Group to plan surprise entry into telecom spectrum race; to face Ambani’s Jio, Mittal’s Airtel
India

Adani Group to plan surprise entry into telecom spectrum race; to face Ambani’s Jio, Mittal’s Airtel

Applications for participating in the 26 July auction of airwaves, including those capable of providing fifth-generation or 5G telecom services such as ultra-high-speed internet connectivity, closed on Friday with at least four applications

After cement, Adani enters healthcare, sets up subsidiary Adani Health Ventures Ltd
Business

After cement, Adani enters healthcare, sets up subsidiary Adani Health Ventures Ltd

For its healthcare foray, the group reportedly has been in talks with big names in the sector and may invest up to $4 billion

Adani to buy Holcim’s stake in Ambuja Cements and ACC for $10.5 billion
Business

Adani to buy Holcim’s stake in Ambuja Cements and ACC for $10.5 billion

Holcim, through its subsidiaries, holds 63.19 per cent stakes in Ambuja Cements and 54.53 per cent in ACC

Gautam Adani races past Warren Buffett to become fifth-richest person in world
Business

Gautam Adani races past Warren Buffett to become fifth-richest person in world

At the India Economic Conclave 2022, last week, the industrialist had declared that India can become a $30 trillion economy by 2050

Boris Johnson meets industrialist Gautam Adani in Ahmedabad, tries hands on 'charkha' in Sabarmati Ashram
World

Boris Johnson meets industrialist Gautam Adani in Ahmedabad, tries hands on 'charkha' in Sabarmati Ashram

Gautam Adani said he was delighted to host Boris Johnson to Adani headquarters in Gujarat and will work with UK companies to co-create defence and aerospace technologies

Adani Wilmar IPO opens today: Should you subscribe? Here's all you need to know
Business

Adani Wilmar IPO opens today: Should you subscribe? Here's all you need to know

Investors can bid for a lot of 65 shares, or its multiples afterwards and the minimum investment required for one lot will be Rs 14,950, at the upper range of the price band