"The Promoters have only provided non-disposal undertaking and accordingly, there is no requirement of providing any top-up of shares of Ambuja and ACC or cash top up under the acquisition financing raised last year," says Adani Group-owned ACC and its promoter entity, Ambuja Cements.
Bharat Rashtra Samithi on Thursday gave a suspension of Business notice to both Houses of the Parliament seeking a discussion on the Hindenburg report against Adani Enterprises.
The CPI MP said that money belonging to the people of the country is at risk of "being wiped out" due to the crisis currently unfolding with the Adani group.
"After a fully subscribed FPO, yesterday's decision of its withdrawal would have surprised many. But considering the volatility of the market seen yesterday, the board strongly felt that it would not be morally correct to proceed with the FPO," Adani said in his address to investors after
The company said in a release that given the unprecedented situation and the current market volatility, it "aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction".
Mumbai (Maharashtra) [India], February 1 (ANI/PNN): Political strategist Vikrant Adams is set to make waves in the industry once again with the release of his highly anticipated second book, 'Election Strategy 101: A Practical Guide to Campaigning & Winning'. This comprehensive guide pro
Reliance Industries Chairman Mukesh Ambani overtook Adani Group chairman Gautam Adani to become the richest Indian in the world with his net worth of USD 84.3 billion, according to Forbes real-time tracker of billionaires for 2023.
On Wednesday morning, shares of Adani Enterprises, the flagship firm of the group, fell 3.02 per cent to Rs 2,880.20 apiece on the BSE. In a span of five days, the shares were down 15 per cent.
Adani Green declined 3.82 per cent to Rs 1,177.15 apiece and the shares had fallen about 38 per ce