[ad_1] Daniel Silva of Buchalter Law Firm believes that the Adani Group is likely to face significant restrictions, including the exclusion from raising capital in US markets due to the indictment order. In an interview to CNBC-TV18, Silva highlighted that financial institutions, particularly in the US, are likely to be reluctant to lend or maintain […]
Gautam Adani Bribery Case LIVE: 10 of 11 Adani Group stocks back in green
[ad_1] Nov 22, 2024 12:03 PM IST Gautam Adani Bribery Case LIVE: US charges against Adani, 7 others could lead to arrest warrants, extradition bid, says attorney With the US filing civil and criminal charges against billionaire Gautam Adani and seven others over a multi-million-dollar bribery scheme, a prominent attorney here has said that the […]
Gautam Adani Bribery Case LIVE: White House reacts, ‘India and US ties strong’ despite Adani issue
[ad_1] By CNBCTV18.COM | Nov 22, 2024 9:21 AM IST (Updated) Gautam Adani charged with bribery scheme LIVE: A day after fallout from a US indictment against Indian billionaire Gautam Adani over allegations of bribery, the White House in a press briefing on November 21 said, it is aware of allegations levelled against the Adani Group […]
Adani bribery case: Appeals and settlements both on the table, says senior lawyer HP Ranina – CNBC TV18
[ad_1] Senior Supreme Court lawyer HP Ranina believes that the Adani Group has two key legal pathways—settlement and appeal— following the US court’s indictment of Gautam Adani, his nephew Sagar Adani, and other officials for alleged bribery in securing solar energy contracts. Ranina highlighted that both the processes can be pursued concurrently, given the typical […]
Adani bribery case: A look at mutual funds that bought and sold Adani stocks in October – CNBC TV18
[ad_1] Adani Group stocks faced sharp declines on Thursday (November 21) following allegations of bribery filed in the US against Gautam Adani and his nephew Sagar Adani. In view of these developments, mutual fund investors may want to assess their exposure to Adani stocks. It must be noted that mutual funds remained active in these […]
Adani Green cancels US dollar denominated bond sale after DoJ, SEC charges – CNBC TV18
[ad_1] Adani Green Energy Ltd. has cancelled plans on Thursday to raise $600 million in US dollar-denominated bonds. The bond had been priced but was pulled after US prosecutors charged Gautam Adani in an alleged $250 million bribery scheme. “In light of these developments, our subsidiaries have presently decided not to proceed with the proposed […]
Adani Bribery Case Live: Adani Group stocks fall up to 20% post US district court, SEC charges
[ad_1] By CNBCTV18.COM | Nov 21, 2024 9:59 AM IST (Updated) Adani Bribery Case Live: Shares of all Adani Group companies are trading with losses between 10% or 20% at the start of trading on Thursday, November 21, after the US District Court and the Securities & Exchanges Commission framed bribery charges against Gautam Adani and […]
Adani scraps $600 million bond, other notes drop on US charges – CNBC TV18
[ad_1] Units of Adani Group scrapped a $600 million dollar bond on Thursday after US prosecutors charged Gautam Adani, the group founder with participating in an alleged bribe plot. The group’s existing US-currency notes plunged in Asian trading. The Indian conglomerate decided not to proceed with the offering in view of recent press releases from […]
CNBC-TV18 Newsbreak Confirmed: Adani Infra to acquire 30.07% stake in PSP Projects for ₹685 crore – CNBC TV18
[ad_1] Billionaire Gautam Adani’s Adani Infrastructure will buy a 30.07% stake in construction firm PSP Projects for Rs 685.36 crore, confirming CNBC-TV18 news break. The deal includes an open offer at ₹642.06 per share, a 4% discount to the current market price, and involves purchasing a stake from one of PSP Projects’ founders. PSP Projects […]
HDFC group becomes the third largest conglomerate, beats Adani Group in market cap – CNBC TV18
[ad_1] With the shares of HDFC Bank advancing 6% from their October lows, the combined market capitalisation of the financial behemoth reached ₹15.6 lakh crore on Tuesday, which is ₹28,000 crore higher than that of Adani Group. According to Bloomberg data, the largest conglomerate—Tata Group boasts a market capitalisation of ₹32.4 lakh crore, whereas Mukesh […]