New Delhi | Adani media arm AMG Media Networks Ltd’s (AMNL) wholly-owned subsidiary VCPL, which holds warrants of NDTV’s promoter group company RRPR Holding Private Ltd (RRPR), entitling it to convert them into 99.99 per cent stake in RRPR, has exercised the option to acquire 99.5 per cent stake in RRPR and acquire control of […]
Tag: Adani Group
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 […]
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 […]
Adani Group considers bidding for Air India: Sources
New Delhi: With the government pushing for the disinvestment of Air India, industrial conglomerate Adani Group may emerge as one of the bidders for the debt-laden national carrier, sources said. According to highly placed sources group has held internal rounds of deliberations on whether or not to submit an Expression of Interest (EoI) and that […]
Shares of Adani Group companies tank on BJP leader’s remark
Mumbai : A day after senior BJP leader Subramanian Swamy’s remark on Gautam Adani’s alleged PSU bank debt, shares of Adani Group companies tumbled over seven per cent on the domestic bourses on Wednesday, wiping-off Rs 9,761.3 crore in market capitalisation (m-cap). BJP MP Swamy on Tuesday dropped a bombshell on industrialist Gautam Adani, calling […]