Dhaka | Dhaka City | Bangladeshi News
Dhaka | Dhaka City | Bangladeshi News
The Adani crisis triggered an investigation by regulators, briefly stalled parliamentary proceedings and triggered street protests by opposition parties, who accused the government of favoring the group. On Tuesday, Indian Home Minister Amit Shah refuted the allegations, saying that Prime Minister Narendra Modi’s party has “nothing to hide or fear” over the Adani Group controversy. […]
India’s Adani Group has cut its revenue growth target by half and plans to reduce new capital expenditure, Bloomberg News reported on Sunday. Listed companies controlled by billionaire Gautam Adani have lost more than $100 billion in market value since January 24, when US short seller Hindenburg Research accused the group of stock manipulation and […]
India’s Adani Group plans to scale down its capital expenditure plans, newspaper Mint reported on Monday, citing people close to the development, after the group’s flagship firm closed a $2.5 billion share sale. The newspaper reported that the group may moderate its capex plans in some of its businesses, while providing more collateral in the […]
Reuters calculations show interest payments of about $24 million were due on February 2 on three bonds issued by Adani Ports and the Special Economic Zone, due to mature in 2031, 2032 and 2041. Brokerage CLSA in a January 26 report estimated the consolidated debt of the top five Adani group companies – Adani Enterprises, […]
Bangladesh has sent a letter to Adani Power Ltd to negotiate a lower import price for coal under the power purchase agreement, Minister of State for Energy and Power said on Thursday. “We are following Newcastle Index pricing for importing coal,” Nasrul Hamid said. “Now that we are getting pricing concessions for other coal plants […]
refunds Adani Group was working with its bankers to return the proceeds of the secondary share sale to Adani Enterprises. Anchor investors backing the issue included Maybank Securities and Abu Dhabi Investment Authority. The company aims to protect the interests of its investment community by returning income, it said. The Adani Group had on Tuesday […]
The secondary share sale of Adani Enterprises, which began on Friday, is overshadowed by a massive selloff in the market. The anchor portion of the sale saw participation from investors including Abu Dhabi Investment Authority and Maybank Securities on Wednesday. As of 1012 GMT, mostly retail investors had placed bids for about 366,000 shares of […]
India’s New Delhi Television Ltd said on Friday that its founders Prannoy Roy and Radhika Roy had resigned as directors after billionaire Gautam Adani’s group took majority control of the media company. Along with Roy, four other independent directors have also resigned, effective December 30, NDTV said in a statement. Adani Enterprises Limited, through subsidiaries […]
Shares of Indian news broadcaster New Delhi Television Ltd rose over 4% on Monday after founders Prannoy Roy and Radhika Roy said they would transfer their 27.26% stake in the company to Adani Group. Following the deal, the Indian conglomerate, led by billionaire Gautam Adani, will control 64.71% of NDTV, while the founders will jointly […]
“AMG Media Network, following the recent open offer, is now the largest shareholder in NDTV. Consequently, by mutual agreement, we have decided to sell majority of our shares in NDTV to AMG Media Network,” the founders said in a statement. , NDTV’s acquisition of the port-to-energy conglomerate sparked fears among some journalists that one of […]
More than a decade ago, NDTV founders Radhika and Prannoy Roy took a loan of 4 billion Indian rupees ($49.00 million) from a company acquired by Adani in August. In return, they issued warrants that allowed the company to acquire a 29.18% stake in the news group. NDTV sought to block the transfer of shares […]
