Adani

Abu Dhabi-based International Holding Co., which has invested almost $2 billion in companies owned by billionaire Gautam Adani, said its business decisions ...

“Our business decisions are purely based on an analysis of objective facts,” said Ahmad Ibrahim, a spokesman for IHC, in a statement to Bloomberg. That’s “aided by the use of business intelligence and our analytics tools, which help us to achieve the maximum benefits for our shareholders under the corporate governance regulation.” [invested](https://www.bloomberg.com/news/articles/2022-04-08/abu-dhabi-s-ihc-invests-2-billion-in-three-gautam-adani-firms) almost $2 billion in companies owned by billionaire Gautam Adani, said its business decisions are based on facts after a scathing report on the Indian tycoon’s business empire by US short seller Hindenburg Research.

In recent weeks Gautam Adani was near the top of the global rich list, with a fortune estimated in excess of $130 billion. Then this week came a raft of ...

After Total's buy-in, shares in Adani Enterprises nearly doubled in price by the end of 2022, to 4,100 rupees. [25% of Adani New Industries](https://totalenergies.com/media/news/press-releases/india-totalenergies-and-adani-join-forces-create-world-class-green), a division of Adani Enterprises. [Total bought a 20% stake](https://www.adanigreenenergy.com/newsroom/media-releases/total-to-invest-usd-510-million-for-50-percent-stake-in-2148-mwac-solar-power-projects-held-by-agel) in Adani Green Energy for $2 billion and paid another [$510 million for 50% of its 2.35 gigawatt p](https://www.financialexpress.com/industry/20-stake-total-puts-2-billion-into-adani-green/2173627/)ortfolio of operating solar assets. They worked on plans to develop liquefied natural gas import facilities, and in October 2019 Total agreed to pay $600 million for a 50% stake in Adani Gas. The price was undisclosed, but the partners say they intend to build the world's biggest “green” hydrogen business, featuring a $5 billion electrolyzer. At the start of last week they were at 1,900 rupees, but have since fallen 20%. This bodes poorly for the attempts by flagship Adani Enterprises to sell $2.5 billion worth of new stock — [at prices significantly higher](https://timesofindia.indiatimes.com/business/india-business/adani-enterprises-2-5-billion-share-offering-oversubscribed-by-anchor-investors-report/articleshow/97315230.cms) than now. Last September, Total CEO Patrick Pouyanne said that they would likely trim their 20% stake in Adani Green, which had bloomed to $10 billion in value. In recent weeks Gautam Adani was near the top of the global rich list, with a fortune estimated in excess of $130 billion. Total’s partnership with Adani goes back at least as far as 2018, when Total made an initial investment in what's now called Adani Total Gas, a gas distributor to homes and businesses. They allege that Adani, 60, and his close associates have used a network of offshore accounts to anonymously buy up and manipulate the thin, illiquid float of his public companies — then sold overpriced shares to unsuspecting retail investors. There's not a lot of investor exposure to Adani's empire because insiders control so much of the float.

The Adani Group, founded by Gautam Adani, Asia's richest person, has lost $50 billion in value this week as it rebutted a critical report from a New York ...

Mr. But India is one of the world’s fastest-growing large economies, and Mr. Critics have complained that Mr. Modi and Mr. [said](https://scroll.in/latest/984589/protecting-interest-of-monopolies-kerala-cm-hits-out-at-centre-for-leasing-airport-to-adani-group) that Mr. Adani, Mr. Adani was an early supporter of Mr. Modi flew to Delhi on Mr. In the 1980s, Mr. After winning power in the national elections of 2014, Mr. The group’s growth surged in recent years, as it expanded into airports and The Adani Group has dismissed Hindenburg’s allegations in a series of rebuttals, calling them “a maliciously mischievous attempt” to profit by sinking its shares.

INDIA'S market regulator has increased scrutiny of deals by the Adani Group over the past year and will study a report issued by short-seller Hindenburg ...

Dollar bonds issued by entities of India's Adani Group tumbled on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's ...

[(ADNA.NS)](https://www.reuters.com/companies/ADNA.NS) extended this week's sharp falls to just under 77 cents in the dollar to their lowest since November, Tradeweb data showed. , , . [(APSE.NS)](https://www.reuters.com/companies/APSE.NS), Adani Transmission [(ADAI.NS)](https://www.reuters.com/companies/ADAI.NS) and Adani Electricity Mumbai also fell. The price was last down 7.32 cents to 77.007 cents. [The Thomson Reuters Trust Principles.](https://www.thomsonreuters.com/en/about-us/trust-principles.html) LONDON, Jan 27 (Reuters) - Dollar bonds issued by entities of India's Adani Group tumbled on Friday as a scathing report by a U.S.

The Life Insurance Corporation (LIC) of India is one such domestic institutional investor (DII), which has huge shareholding in Adani group stocks. In last two ...

Out of these ₹16,580 crore loss in last two days, LIC lost ₹6,232 crore in one Adani group stock Adani Total Gas in which it has 5.96 per cent shareholding. In last two days, LIC has lost ₹16,580 crore. - LIC incurred maximum ₹6,323 crore in Adani Total Gas in last two sessions

Gautam Adani had appeared to weather the biggest broadside yet to his sprawling empire, heading into a holiday in India as the world's fourth-richest person ...

The transaction, India’s biggest ever primary follow-on public offering, is meant to draw in a mix of institutions, retail investors and high-net-worth individuals. He’s fallen below Bill Gates and Warren Buffett to the seventh-richest person on the globe. Adani Group is the biggest target yet for Nathan Anderson, the man behind Hindenburg who earned Wall Street’s attention with takedowns of electric-vehicle makers Nikola and Lordstown Motors. Hindenburg, in turn, shot back that Adani has “resorted to bluster and threats.” In the end, units like Adani Green Energy and Adani Total Gas plunged by the daily 20 per cent limit, delivering punishing losses after years of world-beating gains. Bonds and shares of the various Adani entities fell.

Hindenburg's 129-page report comes after a two-year investigation, and stated that “the INR 17.8 trillion (U.S. $218 billion) Indian conglomerate Adani Group ...

It states that it drew its name from the 1937 Hindenburg Disaster as it saw it to be the “epitome of a totally man-made, totally avoidable disaster. Nonetheless, the operators of the Hindenburg forged ahead, adopting the oft-cited Wall Street maxim of “this time is different”. This was in response to a statement of “clarification” issued by Jugeshinder Singh, Adani Group CFO, on January 25 expressing shock, a day after the Hindenburg Research’s report was released. Our experience in the investment management industry spans decades, with a historical focus on equity, credit, and derivatives analysis.” The Group has always been in compliance with all laws, regardless of jurisdiction, and maintains the highest standards of corporate governance.” The financial publication reported that the Hindenburg had “triggered a massive rout in listed Adani stocks, wiping out a cumulative ₹87,500 crore in market cap.” This is because the Adani Group is no ordinary conglomerate: it is closely identified with Prime Minister Narendra Modi since the time he was Chief Minister.” On Friday, “Adani Enterprises was trading over 2% lower even as it kicked off the ₹20,000 crore follow-on public offer (FPO)” reported the Mint. It stated that the Adani group “has previously been the focus of 4 major government fraud investigations which have alleged money laundering, theft of taxpayer funds and corruption, totaling an estimated U.S. $218 billion) Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades.” The US-based group however replied in its social media post that “If Adani is serious, it should also file suit in the US where we operate. At the conclusion of our report, we asked 88 straightforward questions that we believe give the company a chance to be transparent.