Adani share price

But the fundraising has been overshadowed by allegations from short seller Hindenburg Research that the Adani Group had engaged in stock price manipulation and ...

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India's Adani Enterprises Ltd began a record $2.45 billion secondary share sale for retail investors on Friday,

Bidding for the Adani Enterprises share sale for retail investors started on Friday and will close on Jan. The firm has set a floor price of 3,112 rupees ($38.22) a share and a cap of 3,276 rupees. Adani Enterprises aims to use the share sale proceeds for capital expenditure and to pay debt. The company's total liabilities as of Sept. "I don't see much effect of the Hindenburg report," Esquire Capital Investment Advisors Chief Executive Samrat Dasgupta told Reuters. bonds after Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens. The Adani Enterprises share sale "should sail through successfully." In its report, Hindenburg said key listed Adani Group companies had "substantial debt", putting the conglomerate on a "precarious financial footing", and that "sky-high valuations" had pushed the share prices of seven listed Adani companies as much as 85% beyond actual value. [(ADAI.NS)](https://www.reuters.com/companies/ADAI.NS) tumbled as much as 19.2% in early trading and Adani Total Gas [(ADAG.NS)](https://www.reuters.com/companies/ADAG.NS) sank 19.1% in the biggest daily drop since mid-March 2020, while Adani Green Energy [(ADNA.NS)](https://www.reuters.com/companies/ADNA.NS) sank 15.8%, before paring some losses. [said on Thursday](/business/bill-ackman-says-hindenburgs-adani-report-highly-credible-2023-01-27/) that he found the Hindenburg report "highly credible and extremely well researched." Register for free to Reuters and know the full story [(ADEL.NS)](https://www.reuters.com/companies/ADEL.NS) began a record $2.45 billion secondary share sale for retail investors on Friday, as a heavy selloff in Adani group companies intensified after an attack by a U.S.-based short seller.

Adani Enterprises FPO price has been fixed at ₹3112 to ₹3276 per equity share.

The flagship Adani group company aims to raise ₹20,000 croer from its follow-on offer and the company has already made it clear that net proceeds of the FPO will be used for debt repayment and capital expenditure of Adani Enterprises Ltd and its subsidiary companies. Company has fixed Adani Enterprises FPO price band at ₹3,112 to ₹3,276 per equity share whereas Adani Enterprises share price today is ₹3,405. Adani Enterprises FPO: The follow-on public offer (FPO) of Adani Enterprises is going to hit primary markets today and it will remain open for bidding till 31st January 2023.

Some investment advisers, on condition of anonymity, said the current share valuation was elevated and so they were advising clients to skip the FPO. Analysts, ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). The mega offering is a "golden opportunity to enter this Nifty50 stock", said Mumbai-based investment advisory and portfolio management services firm SP Tulsian. While Adani Enterprises shares are down nearly 12% since the start of calendar 2023, they are up 102% in one year amid global uncertainties. Some investment advisers, on condition of anonymity, said the current share valuation was elevated and so they were advising clients to skip the FPO. The company is offering a discount of ₹64 per share to retail investors. Kedia said the group's consolidated net debt-to-Ebitda ratio would slip below 4.0 after the FPO.

Adani Enterprises FPO opens today and the company is planning to raise Rs 20000 crore. The funds will be utilised for several projects including green ...

On the financial performance front, over FY19-22, it has reported a ~20 percent compounded annual growth rate in the topline," it said in a report. Ashika Research pointed out that the company's average return on equity (RoE) stood at ~5 percent over FY18-21. Retail shareholders have a 35 percent reservation in the FPO and a discount of Rs 64 per share. The Adani Group company is planning to raise Rs 20,000 crore via the largest ever FPO in the Indian capital markets history. Mehta Financial Services Limited also has a 'subscribe' rating on the issue. Adani Enterprises is set to open its follow-on public offer for subscription on January 27 with the closing date scheduled on January 31.

Adani Ports' price target has been reduced to Rs 860 from Rs 920 earlier. Kotak has cut its port's volume, revenue and Ebitda estimates by 5 per cent on ...

TRENDING We note that the ports business is otherwise an attractive one with pricing power, well-demonstrated by a sharp 10 per cent increase in realisations taken by Adani Ports in FY2023," it said. Our estimates bake in sub-7 per cent volume CAGR over FY2020-25E in existing assets and 16 per cent CAGR in overall volumes," it said. This compares to 10-16 times one-year forward trading range, suggesting a flat year for stock returns in a bear-case scenario. Kotak said the stock at its current valuations of 11.5 times FY2024 EV/Ebitda is a strong play on India’s port sector, having attractive characteristics such as pricing power and prospects of privatisation. Amid a broader selloff in Adani group stocks, Kotak Institutional Equities has upgraded its rating of Adani Ports & SEZ to 'Buy', citing favourable risk reward.

Adani Group companies' stock prices dropped for a second consecutive trading session after Hindenburg announced its short position in the conglomerate's ...

His net worth dropped about $7 billion in the year to date, the index showed. "If Adani is serious, it should also file suit in the U.S. [Adani Port](https://www.cnbc.com/quotes/ADANIPORTS-IN/)'s share price also dropped 13.8%. [Adani Enterprises](https://www.cnbc.com/quotes/ADANIENT-IN/) fell more than 9% in India's trading session on Friday. [richest people in the world](https://www.cnbc.com/2022/09/30/gautam-adani-how-asias-richest-person-gave-bezos-a-run-for-his-money.html), with a $113 billion fortune, according to the [Bloomberg Billionaires Index](https://www.bloomberg.com/billionaires/?sref=WD5fEjzY). [hostile takeover](https://www.cnbc.com/2022/08/24/-indian-billionaire-adani-seeks-hostile-takeover-of-media-group-ndtv.html) of Indian media group NDTV, which in a filing said the move was "carried out without any consent" from its founders. The firm last week set a floor price for the offering of 3,112 rupees per share, with a price cap of 3,276 rupees per share, according to a The short seller firm doubled down on its initial stance after Adani's responses, emphasizing that the conglomerate has not answered any of the questions raised, adding any lawsuits filed against Hindenburg will be "meritless." [Hindenburg announced its short position](https://www.cnbc.com/2023/01/25/adani-group-hindenburg-short-position.html) in the conglomerate's firms earlier this week. [Adani Transmission](/quotes/ADANITRANS-IN/) fell 19.47%, [Adani Green Energy](/quotes/ADANIGREEN-IN/) shed 19.89% and [Adani Power](https://www.cnbc.com/quotes/ADANIPOWER-IN/) lost 5%. - Hindenburg doubled down on its initial stance, emphasizing that Adani has not answered any of the questions raised in its claims and suggests any lawsuits filed against it will be "meritless." - Adani Group companies' stock prices continued to drop for a second consecutive trading session after short seller firm Hindenburg announced its short position in the conglomerate's firms.

The group's flagship Adani Enterprises, which launched the ₹20000 crore FPO on Friday, tanked 18.52%. Adani Ports plunged 16%, Adani Power by 5%, ...

The volatility in Indian stock markets created by the report is of great concern and has led to unwanted anguish for Indian citizens.” Massive selling in the Adani group stocks also added to the overall bearish trend in the equity market. “The maliciously mischievous, unresearched report published by Hindenburg Research on 24 Jan 2023 has adversely affected the Adani Group, our shareholders, and investors. In two days, the Adani group firms have lost a whopping ₹4,17,824.79 crore from their market valuation. "I don't see much effect of the Hindenburg report," Esquire Capital Investment Advisors Chief Executive Samrat Dasgupta told Reuters. Bidding for the Adani Enterprises share sale for retail investors started on Friday and will close on January 31. Adani Enterprises aims to use the share sale proceeds for capital expenditure and to pay debt. bonds after Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens. The group’s flagship Adani Enterprises, which launched the ₹20,000 crore FPO on Friday, tanked 18.52%. Adani group stocks took a beating falling up to 20% after Hindenburg Research’s damaging allegations. Investors’ wealth eroded by more than ₹10.73 lakh crore in just two trading sessions as the market slumped. This is the lowest closing level since October 21.

INDIA'S Adani Enterprises began a record US$2.45 billion secondary share sale for retail investors on Friday (Jan 27), as a heavy selloff in Adani group ...

Shares of Adani Transmission slipped nearly 19 percent in early trade amid a report by Hindenburg Research alleging accounting frauds, stock manipulations ...

But Billionaire investor William Ackman in a tweet on Thursday said he found short-seller Hindenburg Research's report on Adani Group "highly credible and extremely well researched." Market cap of the firm fell to Rs 2.44 lakh crore. Adani Transmission stock crashed 19.01 per cent intraday to Rs 2034.3 in early trade against the previous close of Rs 2511.75 on BSE. The stock opened with a loss of 4.05% at Rs 2409 on BSE today. The stock has gained 9.69 percent in a year and fallen 14.92 percent since the beginning of this year. Total 0.57 lakh shares changed hands amounting to a turnover of Rs 12.32 crore on BSE.

Hindenburg Research report into Indian conglomerate comes as Asia's richest man starts a $2.4bn share sale.

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Adani Enterprises FPO: The strategically timed release of the Hindenburg Research report indicate that there was some objective to scare investors, ...

Adani Ports is also a keen contender for acquiring the governments stake in Container Corp, given its growth ambitions in logistics, adjacent ports ...

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