MUMBAI: Adani Enterprises, the flagship of the Adani Group, plans to launch a $1-billion share sale by mid-Sept, Reuters reported.The offering of existing shares will mark Adani Enterprises’ return to the capital market after it withdrew a $2.5-billion follow-on offering in Feb last year after US short seller Hindenburg Research accused the conglomerate of improper…
Six companies within the Adani Group have disclosed receiving show-cause notices from Securities and Exchange Board of India (Sebi), as per their recent filings with the stock exchanges. The notices were issued for suspected non-compliance with regulations related to related party transactions, listing rules, and the authenticity of auditor certificates.According to an ET report by…
Adani Enterprises (AEL), led by billionaire Gautam Adani, is aggressively expanding its data centre business through AdaniConneX, a joint venture with Sweden’s EQT-owned EdgeConneX. The company plans to invest $5 billion over the next five years, with more than half potentially being invested this year alone. Of the total investment, around a quarter will come…
