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TotalEnergies delivers robust results in line with its objectives and confirms the relevance of its strategy in an uncertain environment 7.1% ordinary dividend increase - 46% Payout 19% ROACE in...
In October 2022, Ambuja Cements issued warrants totalling ₹20,000 crore to the Adanis on a preferential basis at ₹418.8 per share. The company received ₹5,000 crore, or 25%, of the warrant issue as the mandatory upfront payment.
The conglomerates finances have drawn close scrutiny ever since Hindenburg Research accused it of fraud and stock manipulation, claims Adani has repeatedly denied. The bombshell report triggered a rout in the groups shares and bonds, suggesting it would have to pay dearly when next raising capital.
The sale, expected later this year, is yet to be finalized and the terms may still change.
The conglomerate’s finances have drawn close scrutiny ever since Hindenburg Research accused it of fraud and stock manipulation, claims Adani has repeatedly denied. The bombshell report triggered a rout in the group’s shares and bonds, suggesting it would have to pay dearly when next raising capital.