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Gautam Adani's AMG Media Networks to acquire remaining stakes in Quintillion Business Media
IndianStartupNews
·
2y ago
Medial
Gautam Adani-led Adani Enterprises said that its unit AMG Media Networks board has approved the signing of a memorandum of undertaking to buy the remaining 51% stake in Quintillion Business Media
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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 Group, Vedanta, others submit resolution plans to acquire Jaiprakash Associates
Economic Times
·
1m ago
Medial
Billionaire Gautam Adani's group, Vedanta, and Dalmia Bharat Cement have submitted resolution plans to acquire Jaiprakash Associates through an insolvency process. Jaiprakash Associates, admitted into the Corporate Insolvency Resolution Process, has businesses in real estate, cement, hospitality, and engineering. With creditors claiming Rs 57,185 crore, including the National Asset Reconstruction Company, Jaypee Infratech was previously acquired by Suraksha Group. Patanjali Ayurved did not submit a resolution plan despite initial interest.
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Adani Group to sell stake in joint venture to Wilmar for $1.4 bn
VCCircle
·
7m ago
Medial
The Adani Group plans to sell its stake in Adani Wilmar to joint venture partner Wilmar International for $1.44 billion, aiming to focus more on infrastructure projects. Adani Enterprises will divest a 13% stake to meet India's minimum public shareholding requirements. Wilmar will acquire Adani's remaining 31% stake at a maximum price of 305 rupees per share. Proceeds will support growth in core infrastructure sectors, subject to regulatory approvals.
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Spotlight: Is the tide turning for Gopalpur Ports as Adani takes control?
VCCircle
·
1y ago
Medial
Adani Ports and Special Economic Zone Ltd recently acquired a 95% stake in Gopalpur Ports Ltd (GPL). This move further solidifies Adani's position as India's biggest port operator. The acquisition demonstrates Adani's commitment to expanding its presence in the maritime industry and highlights the potential growth opportunities in Odisha-based ports. Adani Ports, part of the Gautam Adani-led conglomerate, aims to leverage GPL's strategic location and tap into the region's economic potential. The acquisition could potentially herald a positive shift for Gopalpur Ports and contribute to Adani's overall growth trajectory.
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Mr Adani was misquoted about retirement and heirs: Adani Group
Inshorts
·
1y ago
Medial
Gautam Adani, chairman of Adani Enterprises, discussed succession planning in a Bloomberg interview, emphasising it should be gradual and systematic. The $213 billion company clarified that Adani was misquoted regarding his heirs and their stakes in the family trust. Adani didn’t specify a succession timeline, contrary to media reports suggesting his retirement and control transfer by early 2030s.
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Gautam Adani overtakes Mukesh Ambani to become richest Asian
YourStory
·
1y ago
Medial
Gautam Adani has reclaimed the title of the richest person in Asia, surpassing Mukesh Ambani of Reliance Industries. Adani's net worth of $111 billion now ranks him 11th in the world, while Ambani follows closely at 12th with $109 billion, according to Bloomberg Billionaires Index. The surge in stock prices of Adani Group companies, driven by a optimistic outlook from US brokerage Jefferies, contributed to Adani's recent rise. Adani Group's market capitalization increased by Rs 84,064 crore, pushing Adani ahead of Ambani. Adani's conglomerate had faced setbacks earlier due to allegations of fraud but has since rebounded.
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Adani to invest $14 bn in FY25
Thehindubusinessline
·
1y ago
Medial
Adani Group, led by chairman Gautam Adani, plans to invest over ₹1.2 lakh crore (about $14 billion) in various sectors such as ports, energy, airports, commodities, cement, and media. This investment is part of the company's goal to spend $100 billion in the next 7-10 years to expand its businesses. About 70% of the planned investment will be allocated to Adani's green portfolio, including renewable power and green hydrogen projects. The company's strong cash flows and profitability have paved the way for these mega-scale investments.
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Husband-wife duo earn ₹300 crore after selling Kiddopia stake to Nazara
YourStory
·
1y ago
Medial
Anupam and Anshu Dhanuka, the husband-wife duo who founded Kiddopia, are set to earn ₹300 crore after selling their stakes to Nazara Technologies. Nazara has said it will acquire the remaining 48.42% stake in Kiddopia's parent Paper Boat Apps in an all-cash deal. The Dhanukas founded the subscription-based app designed for children aged 2 to 7 over a decade ago.
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Gautam Adani's wealth rises by $5.6 billion amid market rally
Livemint
·
1y ago
Medial
Billionaire Gautam Adani's net worth surged by $5.6 billion following a market rally prompted by the Supreme Court hearing on the Hindenburg report-related matter. The court reserved its verdict on allegations of corporate fraud against the Adani Group, noting that it won't solely rely on media reports. Adani is now ranked 20th on the Bloomberg Billionaires Index with a fortune of $65.8 billion. Additionally, Adani Group stocks gained about $9.8 billion in market value, driven by market optimism after the ruling party's victory in state elections.
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Gautam Adani rejoins $100 billion club after Hindenburg report
Livemint
·
1y ago
Medial
Adani Group chairman Gautam Adani has recovered much of his wealth after the attack by Hindenburg Research in 2023, rejoining the $100 billion club. His net worth has risen to $100.7 billion, making him the 12th-richest person globally. Adani's conglomerate, which lost over $150 billion in market value, has taken steps to regain investor confidence and repay debt. The group received fresh equity capital from investors including GQG Partners LLC and Qatar Investment Authority in 2023. Adani's rebound coincides with increasing global investor interest in India.
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