Adani Enterprises Ltd. has spun off several units into the public market but the list of shareholders that have risen 200% to 900% in value in the past year need some explaining.
The dramatic rout marks a halt to the dizzying rally in shares of some of the Adani Group companies that had added almost $40 billion to the billionaire’s wealth this year.
Shares of six Adani Group companies crashed Monday wiping out more than $6 billion of the companies’ market capitalisation and bringing down Gautam Adani’s net worth.
Adani Total Gas, Adani Power & Adani Transmission all fell by their 5% daily limit Tuesday after Adani group said the 3 funds were facing suspension due to a years-old regulatory order.
The funds own more than 435 billion rupees ($6 billion) in four Adani group firms, the report said, adding that the frozen accounts won’t be able to sell or buy new securities.
The redevelopment is part of the Railways' plans to transform stations into 'Railopolis' a mini smart city with mixed-use development, attracting huge investment opportunities.
To ensure responsible handling of coal, companies like Tata Power and NTPC have committed to not building new coal plants while Adani Group in Goa has adopted several initiatives.
The potential inclusions are seen further boosting wealth for Adani, who has added $20.2 billion to his net worth this year, the second-biggest increase among world’s billionaires.
As the first-ever Indian port operator in Sri Lanka, Adani Ports to partner with John Keells Holdings, country's largest diversified conglomerate, & with Sri Lankan Port Authority.
Sri Lankan minister Godahewa says Adani Group offered to invest in West Container Terminal, a 'commercially better option', but with same equity ratio given to China at CCIT.
South Africa is now holding a mirror to the world. It is led by a Black African captain, powered by a diverse group of players, and has just won the WTC and a series in India while sitting atop the Test rankings.
Once acquired by IAF, the medium transport aircraft (MTA) will replace both AN-32s and IL-76s, it is learnt. The idea behind the revamp is to meet modern operational needs.
It is a brilliant, reasonably priced, and mostly homemade aircraft with a stellar safety record; only two crashes in 24 years since its first flight. But its crash is a moment of introspection.
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