Adani

Billionaire becomes first Asian person to break into the top three of world's wealthy.

Many of his businesses are involved in natural gas, coal mining and electricity generation, and are likely to have benefited from the global energy price surge. Adani took the third spot after leapfrogging Bernard Arnault, the French billionaire who owns most of the luxury brand portfolio LVMH. Adani’s company bought all six and became the country’s biggest airport operator.

Harish Damodaran writes: The Adani case is interesting, both for the sheer breadth of industries it operates in and how fast this group — unlike the ...

Here, it was a fourth driver — “animal spirits” — that spurred the likes of Dalmia (even the Birlas, Singhanias and Bangurs) to invest in multiple unconnected industries. The ultimate restraining force is, perhaps, the share prices of group companies. The second is leverage or the ability to mobilise external capital, both debt and equity, on the strength of not just a firm’s balance sheet, but also the promoter’s reputation. [the world’s third richest man](https://indianexpress.com/article/business/adani-becomes-worlds-third-richest-person-after-wealth-surges-8119911/), Gautam Adani’s rise is more spectacular than even that of Dhirubhai Ambani. A third driver is the political connections enjoyed by certain groups. The bulk of Indian corporate houses are, however, focused and big in not more than 3-4 industries. The latter began with ‘Vimal’ in the late 1960s and, by 1990, had turned Reliance into India’s third biggest house after Tata and Birla. This was followed by forays into banking (Bharat Bank), coal mining, vanaspati and biscuit-making, and purchases of the Dehri-Rohtas Light Railway, three Andrew Yule jute mills and the motor vehicles firm Allen Berry from their British managing agencies. Even the much-diversified Aditya Birla Group has exited fertilisers, petroleum refining and palm oil, and almost done so in telecom. From setting up the Mundra Port at Gujarat that commenced operations in October 1998, to becoming The culmination was building its own refinery (the world’s largest) and moving further “upstream” into oil and gas production-cum-exploration. But the extent of its horizontal diversification isn’t comparable to Adani’s.

On Monday both NDTV and the Adani group sought Sebi's guidance on whether or not RRPR Holdings, the promoter entity of NDTV, can transfer its shares to the ...

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The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, ...

On August 23, the Adani group announced to launch an open offer to buy an additional 26 per cent stake 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. If fully subscribed at a price of Rs 294 per share, the open offer will amount to Rs 492.81 crore, On August 23, Adani group announced to acquire a 29.18 per cent stake in NDTV through the acquisition of VCPL, which holds a 99.99 per cent stake in RRPR Holding. Last Updated: 31st August 2022 12:10 AM The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial, which is managing the offer. Published: 31st August 2022 12:10 AM The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by JM Financial.

Gautam Adani sits behind only Amazon founder Jeff Bezos ($153 billion) and Tesla CEO Elon Musk ($251 billion) on the rich list.

The 60-year-old passed Bill Gates on the rich list in July after Gates announced he would be giving $20 billion to the Bill & Melinda Gates Foundation. Additionally, a boost to the stock prices of companies like Arnault’s LVMH or Gates’ Microsoft could see Adani fall back out of the top three. He is the founder of the Adani Group, which has a massive portfolio of companies in various industries, including ports, coal and energy. He sits behind only Amazon founder Jeff Bezos (worth $153 billion) and Tesla CEO Elon Musk (worth $251 billion) on the rich list. The milestone comes just six months after he was named the richest person in Asia. Indian billionaire Gautam Adani leapfrogged luxury goods magnate Bernard Arnault on Tuesday.

Adani Transmission has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ...

More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. It now ranks at the 11th place, with a mcap of Rs 4,26,020.22 crore. As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Shares of the company have jumped a whopping 129.19 per cent so far this year. During the day, it rallied 4.87 per cent to hit its 52-week high of Rs 4,041.90. What brokerages suggest](/article/markets/lic-ipo-opens-on-may-4-should-you-subscribe-what-brokerages-suggest-122050300126_1.html) [Positive start: LIC's mega share sale subscribed 67% on first day](/article/markets/positive-start-lic-s-mega-share-sale-subscribed-67-on-first-day-122050500041_1.html) [LIC IPO fully subscribed on day 2 of opening; offer closes on May 9](/article/markets/lic-s-record-ipo-fully-subscribed-on-second-day-of-opening-122050501064_1.html) [Over Rs 30,000 cr funds blocked in LIC IPO could hit other offerings](/article/markets/over-rs-30-000-cr-funds-blocked-in-lic-ipo-could-hit-other-offerings-122050900005_1.html) [Adani Transmission](/topic/adani-transmission) has entered the coveted list of top 10 most valued companies, with a market capitalisation (mcap) of Rs 4.43 lakh crore, and holds the ninth place in the overall ranking.

Although Adani bought Vishvapradhan Commercial Private Limited (VCPL) last week, the formal transfer of shares from promoter holding company RRPR to Adani-owned ...

Experts remain sceptical that public shareholders will sell NDTV shares to Adani at the decided price. As per regulations, the open offer price per share is ₹294. Since NDTV promoters Prannoy Roy and Radhika Roy, as well as Adani, await final clarity from the SEBI regarding the transfer of shares, the date for open offer will be tentative.

The promoters of NDTV had claimed that they were completely unaware of the takeover until Tuesday and that it was done without their consent.

On August 23, the Adani group announced to launch an open offer to buy an additional 26 per cent stake in the company, which operates three national news channels – English news channel NDTV 24×7, Hindi news channel NDTV India and business news channel NDTV Profit.The key element behind the takeover bid is an unpaid loan that NDTV’s promoter entity RRPR Holding Pvt Ltd had availed from VCPL.NDTV had taken a loan of Rs 403.85 crore in 2009-10 and against this amount, warrants were issued by RRPR. [Market HIGHLIGHTS: Sensex tops 59500, up 1564 pts, Nifty soars 2% on strong global cues as bulls roar on D-St](https://www.financialexpress.com/market/share-market-today-live-updates-sensex-nifty-rupee-vs-dollar-sgx-nifty-hints-at-flat-start-rbi-mulls-new-registry-to-curb-bank-frauds-august-30-tuesday/2648857/?utm_source=fe&utm_medium=article1&utm_campaign=relatedstories) [Will bulls manage to pull Nifty above 17400 or bears drag it to 16900? With the warrants, VCPL had the right to convert them into a 99.9 per cent stake in RRPR in case the loan was not repaid.Adani group first acquired VCPL from its new owner and exercised the option to convert unpaid debt into a 29.18 per cent stake in the news channel company. RRPR Holding Ltd and Adani group have approached Sebi, seeking clarity on the applicability of the regulator’s earlier order regarding the conversion of warrants into shares, which has become a decisive factor in the hostile takeover battle for the media group.Though Adani group has already rejected NDTV’s assertion saying that promoter entity RRPR Holding is not a part of the regulator’s order that restrained Prannoy and Radhika Roy from accessing the securities market.Terming the contentions raised by RRPR Holdings as “baseless, legally untenable and devoid of merit”, VCPL had said the holding firm is “bound to immediately perform its obligation and allot the equity shares” as specified in the Warrant Exercise Notice. If fully subscribed at a price of Rs 294 per share, the open offer will amount to Rs 492.81 crore, On August 23, Adani group announced to acquire a 29.18 per cent stake in NDTV through the acquisition of VCPL, which holds a 99.99 per cent stake in RRPR Holding.Following this Adani group firms – Vishvapradhan Commercial Private Limited (VCPL) along with AMG Media Networks and [NDTV](https://www.financialexpress.com/market/ndtv-seeks-sebi-clarity-on-warrant-conversion-to-vcpl/2648787/).The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, said an advertisement by [JM Financial](https://www.financialexpress.com/market/stock-market/jm-financial-ltd-stock-price/?utm_source=fe_Story&utm_medium=fe_Tags&utm_campaign=referral), which is managing the offer.

Shares of Adani Power have tripled, while those of Adani Transmission and Adani Total Gas have doubled so far in current year. Every sell-off received ...

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The open offer for acquiring 1.67 crore equity shares, for which a price of Rs 294 per share has been fixed, will tentatively close on November 1, ...

NDTV had taken a loan of Rs 403.85 crore in 2009-10 and against this amount, warrants were issued by RRPR. [Business News](/news), [Breaking News](/breakingnewslist.cms)Events and [Latest News](/news/latest-news)Updates on [The Economic Times](/).) [Adani](/topic/adani)group first acquired VCPL from its new owner and exercised the option to convert unpaid debt into a 29.18 per cent stake in the news channel company. [NPCI All Set to Pick Up 9-10% Stake in ONDC](/epaper/delhicapital/2022/aug/31/et-front/npci-all-set-to-pick-up-9-10-stake-in-ondc/articleshow/93890320.cms) [VCPL](/topic/vcpl), which holds a 99.99 per cent stake in [RRPR](/topic/rrpr)Holding. [RRPR Holdings](/topic/rrpr-holdings)as "baseless, legally untenable and devoid of merit", VCPL had said the holding firm is "bound to immediately perform its obligation and allot the equity shares" as specified in the [Warrant Exercise Notice](/topic/warrant-exercise-notice).

If you ask me today where Adani stocks are and should people buy them, my answer will be yes one can buy Adani Port and maybe if you have a long-term ...

As a financial investor and somebody who has not bought Adani stocks at the beginning of the year, when I asked everybody whether one should buy into Adani stocks, everybody said no. As far as other stocks are concerned, one can definitely look at the Bangalore companies – Prestige as well as Sobha. As far as DLF is concerned, the story is slightly different. Of course, the credibility of the promoter and everything else is impeccable. Real estate is one factor, also the infra build which is happening by the central government as well as the state government and a lot of other public sector undertakings require cement. Also, as far as Godrej Properties is concerned, they have a close to leadership position and very respectable position in NCR, Mumbai and Pune markets. They have cleaned up their act and the way the real estate market is shaping up, they are in for good times and for some time in the future as well. The cement bulls are saying that cement is not a global commodity. The war itself gives some positive momentum and I understand that further acquisitions are being looked at by both the players. This is a sea change compared to what we were experiencing some time back. It was beaten down mercilessly over the last couple of years and from there on, the upswing has started. What do you make of this uptrend that we are seeing across all real estate names?

The open offer for acquiring 1.67 crore equity shares, for which a price of ₹294 per share has been fixed, will tentatively close on November 1, said an ...

[email protected] : Business tycoon Gautam Adani, who became the third-richest person in the world on Tuesday, is also the only one among the ...

According to the advertisement issued by JM Financial, which is managing this offer, this offer will probably close on November 1, , adani group, ...

Subsequently, Adani group companies - VCPL, AMG Media Networks and Adani Enterprises - had proposed to acquire an additional 26 per cent stake in NDTV i.e. The Adani Group will make an open offer on October 17 to acquire an additional 26 per cent stake in media company NDTV. If the offer is fully subscribed, its total value at Rs 294 per share would be Rs 492.81 crore.