Celebratory atmosphere in Adani Group shares, shares jumped by 21 percent, America said big thing on Hindenburg
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Adani Group: A stormy rise is being seen in the Indian stock market today. At 2.30 pm, it is trading at a record level of 69,219.88, up 0.52 percent or 354.77 points. Whereas, Nifty is trading at the level of 20,826.45, up 0.68 percent or 139.65 points. Meanwhile, there has been a rise in the shares of Adani Group. A rise of up to 21 percent is being seen in the shares of the group. Shares of Adani Enterprises Ltd are trading at Rs 2,928.00 with a rise of 15.68 percent i.e. Rs 396.80 at 2.45 pm. Shares of Adani Ports and Special Economic Zone Ltd (ASPEZ) are trading at Rs 1,007.35 with a rise of 14.65 percent i.e. Rs 128.70. A rise of 20 percent i.e. up to Rs 224.75 was seen in the shares of Adani Green Energy Ltd. After this, this share was trading at Rs 1,348.50.
America declared Hindenburg’s report wrong
On one hand, the Supreme Court has reserved its decision in the Hindenburg-Adani case. Along with this, Bloomberg has been informed by a senior US official that he has supported Gautam Adani in the Hindenburg case. He said the US government concluded that corporate fraud allegations against Indian billionaire Gautam Adani of short-seller Hindenburg Research were not relevant before extending a $553 million loan to his group for a container terminal in Sri Lanka. The allegations, in a scathing report by US-based Hindenburg Research, wiped off nearly $100 billion from Adani Group’s market value earlier this year. were front and center in the form of the International Development Finance Corporation, or DFC, which conducted due diligence investigations of the group. The DFC was satisfied that the allegations in the short-seller’s report, which said Adani was committing “the largest fraud in corporate history”, were based on Adani Ports and Special Economic Zone Ltd., the subsidiary leading the Sri Lankan project. were not applicable. The official said the US agency will also continue to monitor the Indian firm to ensure that the US government does not inadvertently support financial misconduct or other inappropriate behavior, noting that it is important that the US builds infrastructure better than China. Looks at projects differently.
Adani Green Energy raises US$1.36 billion from consortium of international banks
Adani Green Energy (AGEL) on Tuesday announced that it has raised US$1.36 billion from a consortium of international banks. According to a statement issued by AGEL, the financing of US$ 1.36 billion since the initial project financing in March 2021 brings the company’s total funding to US$ 3 billion. The Green Loan Facility will play a key role in enabling the development of the world’s largest renewable energy park in Khavra, Gujarat. According to the statement, the world’s largest renewable energy park at Khavra will not only enable AGEN’s vision of achieving 45 GW of operational renewable capacity by 2030, but will also play a key role in India’s journey towards net zero carbon emissions.
Adani Group made record
Investors’ bags were filled with a stormy rise in Indian shares on the first day of the week. The two major indices of the market, Nifty and BSE Sensex created a new record of high. Meanwhile, a company of Adani Group has also made a record. Adani International Container Terminal Private Limited (AICTPL) has become the first terminal in the country to handle the movement of more than three lakh containers in a month. AICTPL is a joint venture terminal of Adani Ports and Special Economic Zone (APSEZ) at Mundra. APSEZ said in the information given to the stock exchange that AICTPL created a national record by handling 3,00,431 TEU (twenty foot equivalent unit) in 97 vessels in November 2023. With this, it broke its own record of 2,98,634 TEUs by handling around 10,000 TEUs every day in March 2021. According to the company, AICTPL has become the first terminal in India to handle the movement of more than 3,00,000 containers in a month.
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