Adani Group: up to $3 billion in stock raising and Rs 1.3 trillion

Adani Group: up to $3 billion in stock raising and Rs 1.3 trillion in investments in FY25

The Adani Group intends to invest Rs 1.3 trillion in FY25 to bolster capacity, with Adani Green Energy allocating Rs 34,000 crore for its facilities in Khavda, Gujarat, according to Jugeshinder ‘Robbie’ Singh, the group’s chief financial officer, speaking in Ahmedabad on Tuesday. Singh highlighted that the majority of these investments will focus on the…

Read More
Paytm shares are under pressure, with block trades affecting up to

Paytm shares are under pressure, with block trades affecting up to 1.1% of equity

Paytm shares faced pressure as three block trades, totaling up to 1.1 percent of equity or approximately 72.5 lakh shares, were reportedly transacted, according to a Bloomberg report. The identities of buyers or sellers were not immediately disclosed. One 97 Communications’ shares experienced a decline with significantly higher trading volumes, exceeding 3.2 times the three-month…

Read More
Adani Enterprises shares wipe Hindenburg losses; price target

Adani Enterprises shares wipe Hindenburg losses; price target at Rs 4,338 according to a broker

Adani Enterprises shares: Thanks to a robust 12 percent surge in Adani Enterprises Ltd shares over the past month, the flagship company of the Adani group has completely recovered from the losses incurred following the critical report by Hindenburg Research on January 24, 2023. On Friday, Adani Enterprises rose by 1.91 percent, reaching a peak…

Read More
Ambani Adani's Mahan Energen transaction is a win-win situation for both companies

Ambani Adani’s Mahan Energen transaction is a win-win situation for both companies

Ambani Adani’s Mahan Energen: Last week, two of India’s biggest conglomerates, Reliance Industries and the Adani Group’s power business, forged an agreement. This deal entails Reliance Industries (RIL) acquiring a 26 percent stake in Mahan Energen Limited (MEL), a subsidiary of Adani Power based in Madhya Pradesh. While the investment amount of Rs 50 crore…

Read More