by Amruth Sundarkumar | Jan 31, 2023 | High Yield Bonds, India
January 31, 2023: Adani Group’s Dollar Bonds Continue to Drop; IHC to Invest $400mn in Adani Enterprises FPO Abu Dhabi’s International Holding Company (IHC) announced that it will invest about $400mn in Adani Enterprises’ FPO, representing about 16% of the...
by Amruth Sundarkumar | Jan 27, 2023 | High Yield Bonds, India
Adani Group responded to Hindenburg Research’s note with its dollar bonds recovering by ~5%. Adani Group dismissed the claims as baseless, saying that it was timed to damage its reputation ahead of the planned $2.5bn share issuance of Adani Enterprises. Besides,...
by Amruth Sundarkumar | Jan 26, 2023 | High Yield Bonds, India
Dollar bonds of Adani Group dropped sharply by over 10 points after Hindenburg Research said that it held short positions in the group via its dollar bonds and non-Indian-traded derivative instruments. Hindenburg is popular in the markets as a short-seller with one of...
by Amruth Sundarkumar | Jan 20, 2023 | Corporates, India
Adani Enterprises will issue shares worth INR 200bn ($2.5bn) in an effort to reduce its debt and fuel its expansion objectives. The issue price will be at a discount of 9-13% to its closing share price of INR 3,595.35/share ($44/share) on Wednesday. with retail...
by Amruth Sundarkumar | Nov 25, 2022 | Corporates, India
Adani has planned to raise $5bn in equity capital in an attempt to silence criticisms that it has been subjected to – high leverage, limited investor base and low stock liquidity. The capital raise is touted to help them deleverage and reduce debt ratios that...
