The Dubai real estate company said in a disclosure to DFM that the valuations and other terms have not been finalised
Adani Enterprises
Latest in Adani Enterprises
Adani Enterprises
Controversy-ridden Adani Group to make foray into petrochemical sector; partners with Thailand-based Indorama
Adani Petrochemicals and Indorama will hold a 50% stake each in the joint venture
Adani Enterprises
Controversy-hit Adani Group in talks to exit JV with Singapore-based Wilmar: Report
Adani Wilmar last week reported significantly lower numbers for the September quarter of the current financial year, posting a loss of Rs 1.31 billion against a profit of Rs 490 million in the year-ago period
Adani Enterprises
Adani scandal: Congress leader Rahul Gandhi demands parliamentary probe on the issue
India’s “global reputation is on the line”, Gandhi said, after the OCCPP report, carried by London’s Guardian and The Financial Times, alleged financial violations by the politically connected Adani family
Adani Enterprises
Adani scandal: Fresh accusations of stock manipulation levelled against India company
The Group denies any wrongdoing after an OCCRP report that millions were invested in Adani stocks by ‘opaque’ Mauritius-based funds
Adani Enterprises
Adani Group exits NBFC space with Bain Capital deal
Media reports earlier said the Adani Group had put its NBFC arm on the block as part of its strategy to exit the non-core businesses
Adani Enterprises
Adani Enterprises to weigh stock sale months after short-seller turmoil
The move will be a major test of investor confidence in the group, after the allegations of fraud led to a market rout, wiping out more than 100 billion in market of various group companies
Adani Enterprises
Block Inc and ex-Twitter CEO Jack Dorsey’s wealth tumbles $526mn after Hindenburg report
The US short-seller released a report on Thursday, alleging the payments company ignored widespread fraud
Adani Enterprises
Hindenburg Research to release new report after Adani downfall
The US short seller, however, did not offer any more details on its next expose
Adani Enterprises
Adani Group reportedly suspends $4.23bn petrochemical project in Gujarat amid Hindenburg fiasco
The unit was to have a poly-vinyl-chloride (PVC) production capacity of 2,000 kilo tonne per annum, requiring 3.1 million tonnes per annum of coal that was to be imported from Australia, Russia and other countries
Adani Enterprises
GQG justifies $1.9 billion Adani Group investment as ‘reaction to opportunity’
Chairman Rajiv Jain says underlying businesses are extremely robust, cash flow is and the debt levels are normal for a utility business
Adani Enterprises
India’s Bank of Baroda to close Al Ain branch in UAE; denies social media rumors
The bank said it decided to close the UAE branch last year
Adani Enterprises
LIC’s Adani investments take a hit, with $6bn notional loss: Reports
The beleaguered Adani Group has been facing market rout in the last one month following allegations of ‘brazen stock manipulations’ and ‘massive accounting frauds’ by Hindenburg Research
Adani Enterprises
Adani Group’s market value drops below $100bn amid short-seller report fallout
The crisis has also dragged billionaire Gautam Adani’s net worth down to $49.10 billion, sending him from the 2nd to 25th rank on the global rich list, according to Bloomberg
Adani Enterprises
Adani stocks in free fall as four counters hit 5% lower circuit limit
The rout in the shares comes even as the embattled port-to-power group makes efforts to placate investors, feeding news about its plans to prepay some of the company loans
Adani Enterprises
Adani Group’s alleged wrongdoings trigger questions on ESG investment strategy: Report
ESG funds are investments which make investment commitment based on environmental, social, and governance factors
Abu Dhabi
Adani Group negotiates with Abu Dhabi’s IHC for capital infusion amid crisis: Report
The group is said to be looking at infusion of $1 to $1.5 billion ‘confidence capital’