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On December 19, 2023, the high court had directed the two federal probe agencies to meticulously and expeditiously look into the allegations of over-invoicing of imports by various power generating companies in India, including the Adani Group and the Essar Group, to ascertain the factual position and take appropriate action against the erring firms.
The new strategy will run parallel to the domestic expansion strategy through acquisition of airports being divested by the government.
Adani Wilmar: Nuvama called the Q3 update a mixed performance and expects Adani Wilmar to log a 13 per cent fall in consolidated revenue, 56 per cent drop in consolidated Ebitda and 80 per cent YoY plunge in consolidated profit.
The RP invited lenders to vote on whether to consider Adani's unsolicited offer since he has already filed an application with the NCLT. In the last week of December, lenders unanimously voted to consider the offer. KPMG-backed RP Saurabh Kumar Tikmani has applied to the NCLT seeking direction on holding an auction with Adani's offer as an anchor bid. The tribunal is scheduled to hear the matter on January 16.
Mizoram CM Lalduhoma said that the state govt would hand over the state's lone airport to the AAI or Adani Group for its further development.