ADANI GROUP


Associated tags: Environment, Development, Adani Group, Real estate, CSR, Goodness, Adani, Airport, Renewable energy, USD, AEL, IHC, Security (finance), Transport, Supreme court

Locations: BAHRAIN, IRAN, IRAQ, ISRAEL, JORDAN, KUWAIT, LEBANON, OMAN, PALESTINE, QATAR, SAUDI ARABIA, SYRIA, YEMEN, MOROCCO, ALGERIA, SUDAN, EGYPT, LIBYA, TUNISIA, GERMANY, UNITED KINGDOM, FRANCE, SPAIN, UNITED STATES OF AMERICA, BENIN, BURKINA FASO, BURUNDI, CAMEROON, CHAD, COMOROS, COTE D'IVOIRE, DJIBOUTI, ETHIOPIA, GABON, GAMBIA, GHANA, GUINEA, EQUATORIAL GUINEA, KENYA, LIBERIA, MADAGASCAR, MALI, NIGER, NAMIBIA, NIGERIA, CENTRAL AFRICAN REPUBLIC, CONGO, THE DEMOCRATIC REPUBLIC OF THE, CONGO, THE REPUBLIC OF THE, SENEGAL, SIERRA LEONE, SOUTH AFRICA, TANZANIA, TONGA, UGANDA, ZAMBIA, ZIMBABWE, ANGOLA, BOTSWANA, CAPE VERDE, ERITREA, GUINEA-BISSAU, LESOTHO, MALAWI, MAURITANIA, MAURITIUS, MOZAMBIQUE, RWANDA, SAO TOME AND PRINCIPE, SEYCHELLES, SOUTH SUDAN, SWAZILAND, TOGO, HINDENBURG, SRI LANKA, ASIA, NEW YORK, UNITED STATES, INDIA, NORTH AMERICA, ASIA PACIFIC

International Rating Agencies Affirm Rating With Upgraded “Stable” Outlook for Various Adani Portfolio Companies

Retrieved on: 
Thursday, February 15, 2024

International Rating agencies Moody’s (vide press release dated 13th February 2024) and S&P (vide press release dated 22nd January 2024) have affirmed and upgraded the outlook to “stable” for all the issuances for Adani complex issued in the international market by various Adani Portfolio companies.

Key Points: 
  • International Rating agencies Moody’s (vide press release dated 13th February 2024) and S&P (vide press release dated 22nd January 2024) have affirmed and upgraded the outlook to “stable” for all the issuances for Adani complex issued in the international market by various Adani Portfolio companies.
  • This assures high credit quality with stable and predictable cashflows across all issuers of Adani complex.
  • Adani Portfolio has the largest number of Investment Grade (BBB-/Baa3 and higher) rated issuances out of private companies in India and equivalent to India’s sovereign rating.
  • In our view, rated entities Adani Electricity Mumbai Ltd. (AEML) and Adani Ports and Special Economic Zone Ltd. (APSEZ) enjoy good competitive positions, healthy cash flows, and adequate liquidity to meet their debt-servicing requirements.”

Adani Has Emerged Stronger, Says Gautam Adani in a Statement, a Year Post Short-seller's Attack

Retrieved on: 
Thursday, January 25, 2024

The following is a statement provided by Adani Group Chairman Gautam Adani:

Key Points: 
  • The following is a statement provided by Adani Group Chairman Gautam Adani:
    This press release features multimedia.
  • This, however, was a unique two-dimensional attack – a financial one, of course, and also one that played out into the political space – each feeding off the other.
  • The trials and tribulations of the past year have taught us valuable lessons, made us stronger and reaffirmed our faith in Indian institutions.
  • I believe we have emerged even stronger from this experience and even more unwavering in our resolve to continue our humble contribution to the India growth story.

India’s Apex Court Disposes Case Against Adani Group in Hindenburg Matter

Retrieved on: 
Thursday, January 4, 2024

India’s Supreme Court on Wednesday disposed-off the public interest litigations (PILs) filed last year after a short seller published a report making malicious and baseless claims against the Adani Group.

Key Points: 
  • India’s Supreme Court on Wednesday disposed-off the public interest litigations (PILs) filed last year after a short seller published a report making malicious and baseless claims against the Adani Group.
  • Commenting on this, Mr. Gautam Adani, Chairman of the Adani Group, said, “Truth has prevailed.
  • The Adani Group has continued its growth trajectory despite the developments during the last year.
  • The Adani Group also received important endorsement from the US government as it received $553 million financing for a port terminal in Sri Lanka.

Adani Group Condemns Financial Times’ Malicious Campaign to Tarnish its Global Reputation

Retrieved on: 
Tuesday, October 10, 2023

The Adani Group, India’s leading integrated business conglomerate, issued a media statement against Financial Times, for repeatedly planting defamatory reports against it.

Key Points: 
  • The Adani Group, India’s leading integrated business conglomerate, issued a media statement against Financial Times, for repeatedly planting defamatory reports against it.
  • This is evident from a large set of queries shared by one of their reporters’ seeking responses from the Group.
  • It published a factually incorrect story regarding funds raised by the Adani Group.
  • Adani Group issued the following statement on 9 October 2023:
    “There is a renewed attempt by the Financial Times and its collaborators to rehash old and baseless allegations to tarnish the name and standing of the Adani Group.

Abu Dhabi's IHC Bets Big on Adani Enterprises, Says It Is Poised to Capitalize on India’s Growth Journey

Retrieved on: 
Wednesday, October 4, 2023

Abu Dhabi-based IHC has increased its stake in the Adani Group’s flagship incubator Adani Enterprises Ltd (AEL) to above 5%, it said on October 3, 2023.

Key Points: 
  • Abu Dhabi-based IHC has increased its stake in the Adani Group’s flagship incubator Adani Enterprises Ltd (AEL) to above 5%, it said on October 3, 2023.
  • This is more than what the company is expected to fetch from the stake sale in Adani Green Energy and Adani Energy Solutions.
  • IHC said the stake sale was part of a portfolio rebalancing strategy, adding that its partnership with Adani would continue.
  • This inter-generational relationship with IHC reflects well on India’s dynamic growth potential and offers substantial returns to our stakeholders.”

Adani Group's Stocks, Financials unaffected

Retrieved on: 
Saturday, September 2, 2023

The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.

Key Points: 
  • The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.
  • Four of the group's largest companies—Adani Enterprises, Adani Ports, Adani Green, and Adani Power—have gained over 100% from their lows.
  • Adani Ports, the most widely held institutional stock in the Adani portfolio, is now trading above its pre-report price.
  • Importantly, the Adani Group operates within the bounds of the law and under the scrutiny of regulatory authorities in respective jurisdictions.

Adani Group's Stocks, Financials unaffected

Retrieved on: 
Saturday, September 2, 2023

The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.

Key Points: 
  • The Adani Group's stocks have rebounded strongly since the release of a short-selling report in January 2023.
  • Four of the group's largest companies—Adani Enterprises, Adani Ports, Adani Green, and Adani Power—have gained over 100% from their lows.
  • Adani Ports, the most widely held institutional stock in the Adani portfolio, is now trading above its pre-report price.
  • Importantly, the Adani Group operates within the bounds of the law and under the scrutiny of regulatory authorities in respective jurisdictions.

Adani Group: Allegations by OCCRP Mischievous, Misleading

Retrieved on: 
Friday, September 1, 2023

The Adani Group, India’s leading integrated business conglomerate, issued a media statement today in response to the Organized Crime and Corruption Reporting Project ( OCCRP ) Report that alleged the Adani Group violated certain laws.

Key Points: 
  • The Adani Group, India’s leading integrated business conglomerate, issued a media statement today in response to the Organized Crime and Corruption Reporting Project ( OCCRP ) Report that alleged the Adani Group violated certain laws.
  • The present report is the second instance of an international organization to make meritless allegations against the conglomerate.
  • Earlier, Hindenburg Research, a New York-based short-seller, had issued a report making similar allegations.
  • Adani Group issued the following statement in response to the OCCRP Report:
    “We categorically reject these recycled allegations.

Adani Group Hits Back with Detailed Responses to Hindenburg's Unsubstantiated Accusations

Retrieved on: 
Wednesday, February 1, 2023

18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.

Key Points: 
  • 18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.
  • We take serious objection to Hindenburg that chose to mislead the investors, watchdogs and policy makers at a time when Adani Enterprises Ltd has launched country's largest FPO.
  • The Group is deeply committed to its stakeholders and is thankful to them for standing with us over the past 30 years.
  • Shockingly, Hindenburg's attack on the trust of the Group's stakeholders undermines its commitment to 'Growth with Goodness'.

Adani Group Hits Back with Detailed Responses to Hindenburg's Unsubstantiated Accusations

Retrieved on: 
Wednesday, February 1, 2023

18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.

Key Points: 
  • 18 questions are pertaining to public shareholders and third parties (and not the Adani portfolio companies), while the balance 5 are baseless allegations based on imaginary fact patterns.
  • We take serious objection to Hindenburg that chose to mislead the investors, watchdogs and policy makers at a time when Adani Enterprises Ltd has launched country's largest FPO.
  • The Group is deeply committed to its stakeholders and is thankful to them for standing with us over the past 30 years.
  • Shockingly, Hindenburg's attack on the trust of the Group's stakeholders undermines its commitment to 'Growth with Goodness'.