by Amruth Sundarkumar | Oct 10, 2022 | Corporates, India
Adani Group is in early discussions with Singapore-based GIC and Temasek Holdings to raise at least $10bn to support the Indian conglomerate’s foray into clean energy and ports, as per Mint. The news agency said that Adani is also in talks with other wealth funds and...
by Amruth Sundarkumar | Jul 15, 2022 | Corporates, India
Israel will sell its Haifa Port, to winning bidders Adani Ports and local chemicals and logistics group Gadot for ILS 4.1bn ($1.18bn). As per an industry official, Adani will have a majority 70% stake and Gadot will hold the remaining 30%. Adani and Gadot made...
by Amruth Sundarkumar | Aug 5, 2021 | High Yield Bonds, India
Adani Ports and Special Economic Zone Ltd. (APSEZ), the largest transport utility in India and a part of the diversified Adani Group reported the highest ever YoY quarterly volume growth of 83% with EBITDA growth of 82% in the quarter ended June. The company reported...
by Amruth Sundarkumar | Jun 28, 2021 | High Yield Bonds, India
India’s Adani Ports and Special Economic Zone Ltd (APSEZ) has sold its Australian rail logistics unit, Bowen Rail Company Pty Limited (BRCPL), to Adani Global Pte Limited for an undisclosed amount subject to Australian Regulatory approval. BRCPL transports coal...
by Amruth Sundarkumar | Jun 15, 2021 | High Yield Bonds, India
Adani Group’s bonds and stock fell on Monday after a report from the Economic Times (ET) said that the accounts of three foreign funds holding shares in its group companies were frozen by the National Securities Depository Ltd (NSDL). The three foreign funds in...
