Repayment of all promoter loans linked to share prices, equity, and bank loans raised by multiple group entities at competitive rates reflects restored access to funding. In our view, rated entities Adani Electricity Mumbai Ltd. (AEML) and Adani Ports and Special Economic Zone Ltd. (APSEZ) enj...
In terms of unrestricted cash, Adani Ports is the only listed entity with significant reserves at INR 86 billion (U.S. $1.05 billion), according to its FY 2022 Annual Report. [Pg. 515] It is also the only listed entity which seems capable of consistently generating substantial positive cash...
built his empire from scratch after starting out as a commodities trader. india's prime minister narendra modi is from the same state and their relationship has long come under scrutiny by modi's opponents. his interests expanded to span ports, power generation, airports, mining, ...
Gautam Adani, left, like Narendra Modi, comes from the state of Gujarat © FT montage‘Modi’s Rockefeller’: Gautam Adani and the concentration of power in India on x (opens in a new window) ‘Modi’s Rockefeller’: Gautam Adani and the concentration of power in India on facebook (...
The criminal charges, filed on Wednesday in New York, are the latest blow to 62-year-old Mr Adani, one of India’s richest men, whose business empire extends from ports and airports to renewable energy. In the indictment, prosecutors alleged the tycoon and other senior executives had agreed...