ADANI ACQUISITION NEWS
Adani Energy Solutions gets CCI approval for Rs 3,050-crore IntelliSmart acquisition
The Competition Commission of India (CCI) has approved Adani Energy Solutions' Rs 3,050-crore acquisition of IntelliSmart Infrastructure. The transaction involves acquiring 100% of IntelliSmart's equity from NIIF and EESL, along with the redemption of optionally convertible debentures held by NIIF, expanding AESL's presence in the smart metering business.
Why is Adani betting $3.4 billion on global energy trade chaos?
Adani Group is reportedly exploring a $3.4 billion acquisition of Dutch energy storage giant VTTI as global oil supply disruptions reshape energy trade. With terminals across 16 countries, VTTI could expand Adani Ports' international footprint, strengthen crude oil storage and logistics capabilities, and unlock opportunities in fuel trading, biofuels, hydrogen infrastructure and global energy supply chains amid geopolitical uncertainty.
Empire buys back: After Tata, Adani can rewrite India's colonial past
Adani Ports is evaluating the acquisition of a controlling stake in UK's Associated British Ports (ABP) in a deal valued at nearly $10 billion. If completed, the acquisition would rank among the biggest overseas buys by an Indian company, marking a symbolic shift in India's economic rise while strengthening Adani's global ports network and maritime logistics footprint.
A look at billionaire Adani's businesses as he weighs starting an airline
Gautam Adani's conglomerate is exploring a new airline venture. The group already operates eight airports across India. Adani Ports manages fifteen domestic and four international port facilities. Their energy division focuses on coal mining and renewable power generation. The company also invests heavily in data centers and media.
Adani Power in focus as NCLAT clears Rs 4,000-crore Vidarbha Power acquisition
In terms of valuation, the stock is currently trading at a price-to-earnings (P/E) ratio of 22.86. Its price-to-sales (P/S) ratio stands at 3.49, while the price-to-book (P/B) ratio is 4.73, indicating how the market values the company relative to its earnings, revenue, and net worth.
Adani Green shares jump over 1% after SEBI drops insider trading case related to SB Energy deal
Adani Green Energy shares rose after SEBI dropped insider trading charges against Pranav Adani, Kunal Shah, and Nrupal Shah. The regulator found that trades occurred after acquisition information was publicly available, rendering UPSI allegations unsustainable. No penalties were imposed.
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Adani Green insider trading: Sebi ends case against Pranav Adani without any direction or penalty
Sebi has dropped insider trading charges against Pranav Adani and two others, ruling their Adani Green trades occurred after news of the SB Energy acquisition became public, making the information no longer price sensitive.
Adani Group eyes aviation training business, planning to acquire pilot training firm FSTC
Adani Group's defence arm is reportedly in advanced talks to acquire Flight Simulation Technique Centre (FSTC). This move, to be executed via a joint venture, aligns with Adani's aggressive expansion in aerospace and defence, driven by rising demand for trained cockpit crew. The companies, however, have not isued any official confirmation.
Star Cement denies reports of acquisition talks with Adani Group
Star Cement has denied reports of being in acquisition talks with Adani Group's Ambuja Cement. The cement company, a market leader in the Northeast, called the media reports speculative in a regulatory filing on Wednesday. It affirmed its commitment to regulatory disclosure requirements.
Adani Energy shares crash to hit 20% lower circuit after 100% acquisition of Pune-III Transmission
Adani Energy Solutions' shares plummeted 20% after Gautam Adani and others faced charges in a US bribery and fraud case. This occurred despite the company's announcement of a 100% stake acquisition in Pune-III Transmission, aiming to enhance shareholder value and support renewable energy evacuation.
Adani Group raises stake in news agency IANS
AMG Media Networks, a unit of Indian billionaire Gautam Adani's flagship firm Adani Enterprises has increased its ownership of IANS shares with voting rights to 76%, and nearly all non-voting shares, up from 50.5% each earlier.
Adani arm acquires majority stake in IANS India
In a regulatory filing, billionaire Gautam Adani-controlled Adani Enterprises said the stake comprised Category I and II shares with voting and non-voting rights, respectively. The remaining 49.5% stake will be held by Sandeep Bamzai, also the CEO and Editor-in-Chief of IANS.
Adani acquires majority stake in news agency IANS
Adani had forayed into media business in March last year when it acquired Quintillion Business Media, which operates business and financial news digital media platform BQ Prime. It thereafter in December took nearly 65 per cent stake in broadcaster NDTV.
Ambuja Cements acquire Sanghi Industries, stock jumps 7%
Following the news the shares of Ambuja Cements jumped 7% to the day's high of Rs 510.40 on the NSE while those of Sanghi Industries hit 5% upper circuit and traded at Rs 129.90.
Adani-backed media conglomerate's board okays re-commencement of NDTV Profit
NDTV's board has approved the resumption of regular operations for its channel, NDTV Profit, starting December 8, 2023. The temporary discontinuation of regular business programming on the business news channel was communicated to shareholders on June 1, 2017. The approval follows the Adani Group's acquisition of a 27.26% equity stake in NDTV from founders Prannoy Roy and Radhika Roy, with the acquisition completed on December 30, 2022.
Adani buys remaining 51% stake in BQ-publisher Quintillion Business Media
Billionaire Gautam Adani's group has acquired the remaining 51% stake in Quintillion Business Media Pvt Ltd, gaining full control of the digital business news platform. Adani Enterprises Ltd announced the acquisition without disclosing financial details. Quintillion was Adani's initial venture into the Indian news industry, and this acquisition solidifies their presence in the media sector.
Ambuja Cements clinches Sanghi Industries deal on better terms and speedy closure
ET had reported on July 25 that Adani Group's Ambuja Cements-ACC and JK Lakshmi Cement were leading the race to acquire the Ahmedabad-based cement maker.
NDTV to seek nine news channel licences from MIB
NDTV plans to launch nine news channels in different Indian languages in phases. This is the first major expansion of the network after coming under Adani Group's control. Currently, NDTV owns and operates the English news channel NDTV 24x7, the Hindi news channel NDTV India, and the business news channel NDTV Profit. Apart from English and Hindi, the other key language markets for TV news broadcasters are Marathi, Bengali, Tamil, Telugu, Malayalam, and
Adani pays back $200 million Holcim debt, seeks loan extension
The pre-payment will help billionaire Gautam Adani’s firm seek an extension of the debt taken to fund the acquisition by three years, the report added. Global banks had lent Adani $4.5 billion to finance the purchase of Holcim Ltd. cement assets, with the mezzanine loan due for maturity in September 2024.
Adani acquires 49 pc in Quintillion Business Media for Rs 48 crore
Billionaire Gautam Adani's AMG Media Networks has acquired about a 49 per cent stake in Raghav Bahl-curated digital business news platform Quintillion Business Media Pvt Ltd for about Rs 48 crore.
Adani acquires 49% in Quintillion Business Media for Rs 48 crore
Adani Ent said its subsidiary AMG Media Networks has completed the acquisition, which was originally announced in May last year. Quintillion Business Media runs the news platform Bloomberg Qunit, now called BQ Prime.
Adani stocks tank up to 7% as traders book profit
After a massive crash in stock prices following the release of the Hindenburg report in late January, Adani stocks were seen rallying in the last few days after the conglomerate's promoters sold stakes worth Rs 15,446 crore in 4 companies to GQG Partners.
Adani stocks tracker: Why ACC, Ambuja Cements survived the crash today
Following allegations made in the Hindenburg report against the Adani-led conglomerate, ACC shares had hit a record low of Rs 1,733.30 last week. Ambuja Cements, on the other hand, has already fallen 41% from its 52-week high.
Billionaire Adani becomes NDTV's biggest shareholder after open offer
Although Adani's group was looking to take another 26% stake in NDTV, the open offer attracted bids for just 5.3 million shares, translating to an 8.3% interest in the company
Income Tax Department approval not required for warrant conversion by RRPR Holding
Following this, Adani group firms, VCPL along with AMG Media Networks and Adani Enterprises Ltd, proposed to acquire an additional 26 per cent or 1.67 crore equity shares through an open offer, in the company, which operates three national news channels - English news channel NDTV 24x7, Hindi news channel NDTV India and business news channel NDTV Profit.
Debt-funded acquisitions can put pressure on Adani group ratings: S&P
"If you look at the rated entities (of Adani group), like Adani Ports, their business fundamental is fairly solid. Port business is generating healthy cash flows. Where, probably, the risk could lie for the group is, some of the acquisitions it is doing. Some of the recent acquisitions that we are seeing are largely debt-funded and that is taking away the headroom," Dangra said at a webinar.
Adani set to acquire NDTV news channels in major media bet
Adani's unit will indirectly buy a 29.18% stake in New Delhi Television Ltd and launch an open offer for another 26% stake. The open offer would be worth 4.93 billion Indian rupees ($61.73 million), according to the statement.
S&P Dow Jones Indices to remove Adani Ports from sustainability index
The Adani Group firm is building a USD 290 million port in Yangon.
Adani Ports in talks to acquire Gangavaram Port for $2.1 billion
The deal could make the company a dominant player on the country's eastern seaboard to capture the freight traffic in Bay of Bengal.
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