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LIC sees 59% increase in value of investments in Adani Group stocks | Company News

LIC sees 59% increase in value of investments in Adani Group stocks | Company News

[ad_1] Despite trimming its ownership, LIC investments saw a 59 per cent surge in value in FY24, according to stock exchange data. 2 min read Last Updated : Apr 14 2024 | 11:51 PM IST LIC, the state-owned insurance behemoth, has seen a 59 per cent rise in value of its investments in Adani … Read more

Adani’s stake purchase in Gopalpur Port to provide debt relief to SP Group | Company News

Business Standard

[ad_1] Adani Port (Photo: Bloomberg) By Saikat Das Adani Ports and Special Economic Zone Ltd. is set to buy a majority stake in Gopalpur Port Ltd. from Shapoorji Pallonji Group, a deal that would help lower the debt burden of the Indian construction group controlled by billionaire Shapoor Mistry. Adani Ports agreed to … Read more

SC rejects Adani firm’s plea for over Rs 1,300 cr as LPS from Raj discom | Company News

Business Standard

[ad_1] The cost of Rs 50,000 imposed on APRL will be deposited with the Supreme Court Legal Aid Committee, Justice Bose said while reading out the operative portion of the judgement. (Photo: Shutterstock) The Supreme Court on Monday dismissed a plea of Adani Power Rajasthan Ltd seeking over Rs 1,300 crore as late payment … Read more

Several of Adani’s dollar bonds fell most in over six months on US probe | Company News

Business Standard

[ad_1] By Ameya Karve Several of Adani Group’s dollar bonds fell the most in more than half a year, after news that US prosecutors have widened their probe of the port-to-power conglomerate to focus on whether it may have engaged in bribery. A note from unit Adani Ports & Special Economic Zone Ltd. … Read more

Overseas loans’ share in total Adani group debt portfolio declines | Company News

Business Standard

[ad_1] Premium Adani Group (Photo: Bloomberg) The share of foreign loans in total Adani group debt portfolio dropped to 61 per cent by September 2023 from 63 per cent as of March 2023, as the group repaid part of its foreign loans and refinanced part of older loans.   The share of Indian … Read more