Adani Group said to plan Rs 3,000 cr Ambuja, APSEZ buybacks
The share price of Ambuja Cements plunged as much as 25% on Friday, its steepest intra-day fall since 2006. The stock closed 17% lower at ₹380.45. The Adani Ports stock declined 23% last week, and 16.3% on Friday alone, to close at ₹596.95, its lowest close since February 11, 2021.
Adani Bonds: Investors keep faith
The brokerage particularly analysed the most leveraged Adani Green, the yield on which is at around 15%, though up from about 9% a few days back, but below the highs of 22% seen in October end. Bernstein estimates that with a gross debt of ₹47,300 crore, Adani Green is the most leveraged among the conglomerate’s […]
LIC still has big gains on Adani investments
LIC is sitting on 100% gains on its stock and bond investments in Adani Group companies the total value of which is ₹56,000 crore compared to an investment of about ₹28,000 crore, a senior LIC executive told ET.