Sri Lankan official who claimed PM Modi pressured President Gotabaya to award power project to Adani group resigns

Colombo | The Chairman of Sri Lanka’s state-run electricity supplier, Ceylon Electricity Board (CEB), resigned on Monday after repeated controversial statements made on Indian Prime Minister Narendra Modi and Sri Lanka’s renewable energy project awarded to Adani Group. CEB Chairman, M.M.C. Ferdinando handed over his resignation and Energy Minister Kanchana Wijesekara, in a Twitter message, said […]

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Adani Group acquires 23.5% stake in Mumbai International Airport

Mumbai: Adani Group’s flagship holding company Adani Airport Holdings Ltd (AAHL) has acquired 23.5 per cent stake in the Mumbai International Airport Ltd (MIAL) from ACSA Global Ltd (ACSA) and Bid Services Division (Mauritius) Ltd (Bidvest) for Rs 1,685.25 crore. In a regulatory filing, Adani Enterprises said that AAHL has acquired 28.20 crore equity shares of […]