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Blackstone Group is finalizing the acquisition of Adani Realty's Inspire BKC in Mumbai's Bandra-Kurla Complex. The deal is set at Rs 1,800-2,000 crore for the 800,000 sq ft tower, with various prominent companies as occupants.
SBI would probably downsell portions of the Rs 17000 crore loan to other banks. It is expected that the first phase of the Adani Petrochemicals pant is expected to be completed by 2026.
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APSEZ is looking at Bataan for its port development plan, Karan Adani, MD of APSEZ, said, adding it could be a good opportunity for the company. The company plans to develop a 25-meter-deep port that can accommodate Panamax vessels.
The Adani Family last month fully subscribed to the warrants programme in Ambuja Cements by further infusing Rs 8,339 crore, increasing its stake in the building material company to 70.3 percent.
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Gautam Adani's APSEZ has become the first large-sized private infrastructure developer to get this recognition. It has a market cap of Rs 286000 crore.