1 / 5

Adani Group stocks increase investor wealth by nearly Rs. 26,000 crore

Even with the Adani corruption scandals, the promoteru2019s share in AEL has increased from 69.87% to 71.93%. Similarly, the stake in APSEZ has increased from 63.06% to 65.23%. The promoteru2019s investment in the two firms is valued at around Rs. 15,000 crore.

adanicase
Download Presentation

Adani Group stocks increase investor wealth by nearly Rs. 26,000 crore

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

  1. ADANI GROUP STOCKS INCREASE INVESTOR WEALTH BY NEARLY RS. 26,000 CRORE

  2. The Adani Group’s market capitalization was Rs. 11.02 lakh billion in September 2023. This was because a promoter raised his interest in Adani Enterprises Limited (AEL) and Adani Ports and Special Economic Zone (APSEZ), the conglomerate’s principal subsidiaries. The market saw this as a vote of confidence in the company’s prospects. At the same time, it indicates that the promoter’s interests are more aligned with the shareholders and demonstrates the highest governance standards, mainly when the promoter’s stake is as significant, according to Adani Group. Even with the Adani corruption scandals, the promoter’s share in AEL has increased from 69.87% to 71.93%. Similarly, the stake in APSEZ has increased from 63.06% to 65.23%. The promoter’s investment in the two firms is valued at around Rs. 15,000 crore. This figure includes the promoters’ acquisition of AEL shares in the month of August 2023. This is attributed to the Group’s devotion to its core businesses and long-term growth strategy and to the promoters’ excellent financial position.

  3. THE MAJORITY OF ADANI GROUP STOCKS ARE RISING In October 2023, Adani Ports had its highest monthly cargo volume of 37 million tonnes. Despite the ongoing Adani corruption investigation, the port handled 240 MT of cargo in the first seven months of the fiscal year, compared to the full-year cargo volume projection of 370-390 MT. Adani Enterprises Ltd., according to a stock market statement, posted a net profit of Rs. 333 crores for the second quarter, compared to Rs. 432 crore for the same time in 2022.

  4. ADANI GROUP’S RECENT ACHIEVEMENTS – EFFECTIVE CONFIDENCE-BUILDING INITIATIVES Markets have also reacted warmly to QIA’s $500 million investment, one of the world’s most significant sovereign funds. Adani has also continued to make investments, partnering with global majors to increase its interests in the energy and utilities sectors. Despite the Adani corruption scandal, the Group recently signed a joint venture deal with Kowa Holdings Asia, a Singapore-based company. The 50-50 agreement intends to boost the Adani Group’s sales and marketing of green ammonia, hydrogen, and other related goods.

  5. THANK YOU

More Related