Adani Enterprises share

Shares in seven listed Adani Group companies were down 4.6 per cent on average in afternoon trading in Mumbai, with those in flagship business Adani Enterprises ...

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On Wednesday, shares of Adani Enterprises declined 1.54% while those of Adani Green Energy, Adani Ports, Adani Power, Adani Total Gas, Adani Transmission ...

[Down 60% from 52-week high! Should you consider?](https://www.businesstoday.in/markets/company-stock/story/adani-enterprises-fpo-anchor-book-oversubscribed-issue-to-open-on-friday-should-you-consider-367491-2023-01-25) Promoters’ pledging in Adani Green and Adani Transmission stood at 4.36 per cent and 6.62 per cent, respectively. However, pledging by promoters in Adani Ports and Special Economic Zone and Adani Power stood at 17.31 per cent and 25.01 per cent, respectively. But investors should keep an eye on quarterly results and how the group will reduce its debt going ahead.” The issue will close on January 31, 2023. It is important to note that Hindenburg is a short-seller. Shares of Adani Enterprises declined 1.54 per cent to Rs 3,389.85 on January 25. Market watcher, Kranthi Bathini, Equity Strategist, WealthMills Securities said, “The timing of this report is contentious. Adani Enterprises’ Rs 20,000-crore FPO will open for subscription on January 27. In a regulatory filing, Adani Group said Hindenburg Research published the report without making any attempt to contact them or verify the factual matrix. Market capitalisation of the ten listed Adani Group stocks took a beating on Wednesday amid a report by Hindenburg Research claiming that the Indian conglomerate had engaged in stock manipulation and accounting fraud scheme over the course of last few decades.

After a report from Hindenburg Research resulted in massive fall of Adani companies' shares on Wednesday, Adani Group said that the report from the American ...

$218 billion) Indian conglomerate Adani Group has engaged in a brazen stock manipulation and accounting fraud scheme over the course of decades. [report from Hindenburg Research](https://www.outlookindia.com/business/adani-group-s-stocks-crash-after-hindenburg-report-alleges-fraud-lose-rs-46-000-crore-in-market-cap-report-news-256609) resulted in massive fall of Adani companies’ shares on Wednesday, Adani Group said that the report from the American short-seller is a mala fide attempt at sabotaging [ Adani Enterprises’ FPO](https://www.outlookindia.com/business/adani-enterprises-rs-20-000-crore-fpo-to-begin-on-january-27-check-lot-size-fpo-price-band-retail-investor-discount-and-other-details-here-news-254648) that is scheduled to open on January 27. [Adani Group](https://www.outlookindia.com/topic/adani-group) said in a statement that Hindenburg’s report selectively used false information to claim that the conglomerate was involved in fraudulent activities.

Billionaire Gautam Adani's personal wealth saw an erosion of up to $5.9 billion during the day after the conglomerate shares dropped up to 10% on Wednesday following a negative report by American short-selling firm Hindenburg Research. Hindenburg report ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). [report](https://economictimes.indiatimes.com/markets/stocks/news/hindenburg-says-holds-short-positions-in-adani-group-companies/articleshow/97296546.cms)which raised several allegations around accounting and corporate governance practices, besides heavy debt pile, [Adani Group stocks tanked up to 10% during the day](https://economictimes.indiatimes.com/markets/stocks/news/adani-group-stocks-lose-up-to-5-after-hindenburg-reveals-short-positions/articleshow/97298160.cms). Gautam Adani sees heavy wealth erosion](https://economictimes.indiatimes.com/markets/stocks/news/6-billion-gone-in-a-day-gautam-adani-sees-heavy-wealth-erosion-after-shares-tank-up-to-10/articleshow/97301508.cms) For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) Our informed and knowledgeable investors are not influenced by one-sided, motivated and unsubstantiated reports with vested interests," the statement said. "We are shocked that Hindenburg Research has published a report on 24 January 2023 without making any attempt to contact us or verify the factual matrix.

India Business News: Adani Enterprises' $2.45 billion secondary share offering was subscribed 1.5 times by anchor investors, with bids from high profile ...

ADIA, Maybank Asia, Citigroup, Morgan Stanley and LIC did not immediately respond to Reuters' request for comment. Adani did not immediately respond to Reuters' request for comment. Maybank Asia, Citigroup Inc, Morgan Stanley and domestic insurer Life Insurance Corporation of India were among the bidders for the share sale, the source said.

The Adani Groups flagship company has allotted 1,82,68925 shares to over 30 institutional investors at Rs 3276 a share.

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. This happened after US-based Hindenburg Research claimed that the 7 key listed companies of the group are "85%+ overvalued even if you ignore our investigation and take the companies’ financials at face value." ADIA was allotted 4,68,320 shares or 2.6% of the anchor book, while ELM Park Fund, a Texas-based asset management firm, was allotted 10,35,108 shares or 5.67% of the anchor book. Nomura Singapore, which is also an existing shareholder, was allotted 1,95,364 shares or 1.07% of the total anchor portion. LIC was allotted 9,15,748 shares or 5% of the total anchor portion.

Marquee investors Maybank Securities and Abu Dhabi Investment Authority picked up stake in Adani Enterprises' $2.45 billion secondary share offering on ...

Adani Enterprises had last week set the floor price for the FPO at 3,112 rupees per share, with a price cap of 3,276 rupees. short seller as baseless, saying it was timed to damage its reputation ahead of a large share offering. Bidding for retail investors will start on Friday and close on Jan. Register for free to Reuters and know the full story A source told Reuters earlier in the day that anchor investors bid for shares worth 90 billion rupees ($1.10 billion), compared to the 60 billion rupees reserved for them. [(ADEL.NS)](https://www.reuters.com/companies/ADEL.NS) $2.45 billion secondary share offering on Wednesday, which coincided with a short-seller report that slammed the shares of Adani Group companies.

"High quality foreign institutional investors names like Abu Dhabi Investment Authority, Maybank Asia, Goldman Sachs, Nomura, Societe Generale, Jupiter, BNP ...

MOST READ Adani Enterprises had last week set the floor price for the FPO at Rs 3,112 per share, with a price cap of Rs 3,276. Life Insurance Corp of India was allocated shares worth nearly Rs 300 crore. Bidding for retail investors will start on Friday and close on Jan.

The firm said it has received Rs 2992.4 crore from anchor investors ahead of its follow-on public offer (FPO) opening for the public, which is half of the ...

The price band for the offer is Rs 3,112-3,276 per share. [Adani Enterprises](https://www.moneycontrol.com/india/stockpricequote/trading/adanienterprises/AE13) on January 25 said it has raised close to Rs 6,000 crore from anchor investors. "The balance amount of Rs 1,638 per share and a total balance amount of Rs 2,992.4 crore for over 1.82 crore shares allotted to Anchor Investors is payable by the anchor investors on one or more subsequent call(s), as determined by the company’s board of directors or a committee thereof at its sole discretion, from time to time," it added. [FPO ](https://www.moneycontrol.com/news/business/adani-enterprises-files-papers-for-rs-20000-crore-follow-on-issue-9873161.html)committee of the board of directors of the company, in consultation with merchant bankers has finalized allocation of over 1.82 crore equity shares, to anchor investors at the anchor investor allocation price of Rs 3,276 per share of which application bid amount of Rs 1,638 per share is paid by the anchor investors," the company said in its filing to exchanges. The Adani Group company plans to raise Rs 20,000 crore via the FPO, the largest ever FPO in the Indian capital markets history. The firm noted that it has received Rs 2,992.4 crore from anchor investors ahead of its follow-on public offer (FPO) opening for the public, which is half of the amount of the total anchor book launched.

“IHC is considering the opportunity of bidding for stock purchase in the Adani Enterprise FPO (follow-on public offer),” IHC spokesman Ahmad Ibrahim told The ...

The report is “a malicious combination of selective misinformation and stale, baseless and discredited allegations”, Adani group chief financial officer Jugeshinder Singh said. IHC was founded in 1998 as part of an initiative to diversify and develop non-oil business sectors in the UAE. [digital services](https://www.thenationalnews.com/business/technology/2022/08/01/uae-to-establish-higher-committee-for-government-digital-transformation/) and an industrial zone, AD Ports said at the time. [US investor Hindenburg Research said it was shorting](https://www.thenationalnews.com/business/2023/01/25/adani-shares-drop-after-hindenburg-report-accuses-indian-conglomerate-of-fraud/) the conglomerate’s stocks and accused companies owned by [Asia’s richest man](https://www.thenationalnews.com/business/money/2023/01/23/billionaires-will-elon-musk-skip-twitters-looming-debt-payment/) of “brazen” market manipulation and accounting fraud. As part of the transaction, IHC made investments in three green-focused companies in the Adani Group including Adani Green Energy, Adani Transmission and Adani Enterprises, which are all listed on the Bombay Stock Exchange and the National Stock Exchange of India. Adani Enterprises, listed on the Bombay Stock Exchange, is the flagship company of the Adani Group, which is rapidly expanding its operations from ports to energy and other sectors.

Adani Enterprises has said that net proceeds from the FPO will be utilised for capital expenditure requirements of some of the subsidiaries of the company ...

Adani Enterprises Ltd is offering fresh issues at a price band of Rs 3112 to Rs 3276 per share. Thus, we recommend our investors to Subscribe the Adani Enterprise FPO as it is a nation building group and it is foraying into sunrise sector that is green hydrogen which has immense growth opportunity." According to Dilip Davda, a Securities and Exchange Board of India (SEBI) registered research analyst, “The Adani group has become the darling of investors over the years and is giving a tough fight to the Ambani group in the number race. On Wednesday, the news portal had reported that the grey market has gone highly bullish on the fresh follow-on offer of Adani Enterprises. According to Adani Enterprises, the targeted amount will be raised for green energy and airport expansion. Adani Enterprises' Rs 20,000-crore follow-on public offering (FPO) is set open on January 27.