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News on Medial
Adani Enterprises’ $1.3 billion stake sale expected to start early next week: Report | Mint
Livemint
·
10m ago
Medial
- Adani Enterprises is planning to launch a share sale as early as next week, aiming to raise about $1.3 billion through a qualified institutional placement. - The share sale will mark Adani Enterprises' return to public equity markets following a scathing short-seller report in 2023. - The company received board approval in May to raise up to $2 billion through various methods, including a share sale to institutions. - Adani Enterprises' successful share sale will serve as a vote of investor confidence for the conglomerate. - ICICI Securities, Jefferies Financial Group, and SBI Capital Markets are assisting Adani Enterprises with the share sale. - Adani Enterprises' shares have risen 12% this year, but are still about 7% below pre-short-seller report levels.
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Related News
Sensex, Nifty decline in early trade; Adani group stocks slump
YourStory
·
12m ago
Medial
Equity markets in India, including the Sensex and Nifty, declined at the start of the week due to investor caution surrounding a report by US short-seller Hindenburg Research. The report alleged undisclosed offshore investments by the SEBI chairperson and her husband, in connection with the Adani scandal. Adani group stocks, including Adani Enterprises and Adani Power, experienced significant declines. Despite a recent market rebound, concerns remain about potential disruptions from the Hindenburg report. The US markets ended higher on Friday, and Asian markets showed mixed results.
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Adani promoter buys 2.22% in flagship AEL for ₹6,000 crore
Livemint
·
1y ago
Medial
Kempas Trade and Investment Ltd, a promoter of Adani Enterprises, has acquired a 2.22% stake in the company from the open market for a potential ₹6,348.12 crore. This purchase increased their promoter stake to 69.87% from 67.65%. The Adani group's promoters have raised ₹37,441 crore through stake dilutions since March. A Hindenburg Research report earlier led to the cancellation of Adani Enterprises' ₹20,000-crore public offering.
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Adani Enterprises to transfer Adani Wilmar stake to its shareholders | Mint
Livemint
·
1y ago
Medial
Adani Enterprises plans to transfer its stake in Adani Wilmar to its shareholders, which will end its joint venture with the Wilmar Group and simplify the group's shareholding structure. Shareholders of Adani Enterprises will receive 251 shares of Adani Wilmar for every 500 Adani Enterprises shares they hold. This move will unlock value for shareholders and allow Adani Enterprises to focus on its other incubating businesses. Adani Enterprises reported a 2-fold increase in consolidated net profit for the April-June quarter, driven by the performance of its ANIL ecosystem, airport operations, and road construction business.
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Grapevine: Insight Partners, Peak XV-backed Yubi, Adani Wilmar, and Univest in news
VCCircle
·
8m ago
Medial
Fintech platform Yubi and wealthtech firm Univest are reportedly in talks to raise funds. Meanwhile, Adani Enterprises and Wilmar International may delay the sale of their stake in Adani Wilmar Ltd.
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Adani family plans to raise $3.6 bn via promoter share sales
Livemint
·
11m ago
Medial
The Adani family, owners of businesses ranging from airports to edible oil, is expected to raise up to $3.6 billion by selling part of its promoter holdings in Adani group companies over the next 12-18 months. This comes as a strategy to rebalance their wealth portfolio due to the sharp increase in Adani Group firm's share prices in the past year. The family's share-sale plan includes a 0.5-3% monetization of promoter stake, beginning with the sale of a stake worth ₹3,000-4,000 crore in Ambuja Cements Ltd. Other unlisted businesses may also see stake sales.
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Adani tells investors sale of overseas bond worth $409 million due next week
Livemint
·
1y ago
Medial
Adani Group is planning to sell a new overseas bond worth $409 million, with the sale expected to occur next week. The Indian conglomerate has been facing scrutiny following allegations of malfeasance by short-seller Hindenburg Research. The group's capital-raising activities have raised concerns, but company officials have denied the claims. Adani Green Energy Ltd. and affiliated firms will issue the 18-year tenor debt to redeem $500 million of notes maturing in December. Adani Group has not commented on the matter.
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Adani acquires 50.5% stake in IANS, making presence stronger in media sector
Livemint
·
1y ago
Medial
Adani Group has acquired a 50.5% stake in news agency IANS India Pvt Ltd, further expanding its presence in the media sector. Adani Enterprises, the holding company's media arm, disclosed in a regulatory filing that its subsidiary AMG Media Networks Ltd purchased the stake. This move follows Adani's previous acquisitions of Quintillion Business Media and a majority stake in broadcaster NDTV. Adani Group aims to invest ₹7 trillion ($84 billion) in infrastructure over the next decade.
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Adani Enterprises in talks with Gulf-based sovereign funds to raise $2 billion through QIP: Report | Mint
Livemint
·
10m ago
Medial
- Adani Enterprises is in discussions to raise $2 billion through a qualified institutional placement (QIP) with investors including ADIA, QIA, and GQG. - The institutional share sale is expected to be launched by the end of October. - The funds raised through the QIP will be used for capital expenditure and to repay debt of the company and its subsidiaries. - Adani Energy Solutions raised nearly $1 billion through QIP, with participation from GQG, Blackrock, Nomura, ADIA, QIA, and domestic mutual funds. - Adani Group plans to raise ₹30,000-₹40,000 crore from retail investors through non-convertible debentures (NCD) to diversify funding sources.
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Vodafone to sell entire Indus Towers stake worth $2.3 billion via block deals next week: Report
Money Control
·
1y ago
Medial
Vodafone Group is expected to sell its entire stake in mobile-tower operator Indus Towers in block deals next week, with the deal potentially being valued at $2.3 billion. The stake currently held by Vodafone is 21.5%, and the sale will be managed by Bank of America, Morgan Stanley, and BNP Paribas. Bharti Airtel, which holds a 47.95% stake in Indus Towers, had previously denied reports of having talks to purchase Vodafone's stake.
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Wilmar International acquires majority stake in AWL Agri Business as Adani Group sells 20% stake
Economic Times
·
24d ago
Medial
Adani Enterprises has sold a 20% stake in AWL Agri Business Limited to Wilmar International, Singapore, for Rs 275 per share, making Wilmar the majority shareholder with nearly 64%. This divestment is part of Adani's strategy to focus on its core infrastructure business. The transaction, following a previous 13.5% Offer for Sale, aligns with regulatory compliance and results in a total cash realization of Rs 15,729 crore for Adani Group.
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