Hindenburg

Adani’s $3.5 bl Ambuja loan moves ahead after some banks get approval – ET Infra

A group of banks that have been in talks to lend about $250 million each toward a syndicated loan of about $3.5 billion to refinance debt which the Adani Group took out to fund its purchase of Ambuja Cements Ltd. have received internal approval for the deal, according to people familiar with the matter. The […]

Adani’s $3.5 bl Ambuja loan moves ahead after some banks get approval – ET Infra Read More »

ACC not to conduct independent probe into Hindenburg allegations – ET Infra

Representative Image Leading cement maker ACC Ltd., acquired by the Adani Group last year in India’s biggest building- materials M&A deal, said Thursday it would not conduct an independent probe into allegations of financial misconduct levelled by US short seller Hindenburg Research against the infrastructure conglomerate. The cement maker, India’s oldest manufacturer of the commodity,

ACC not to conduct independent probe into Hindenburg allegations – ET Infra Read More »

Adani in talks for first major debt refinancing after Hindenburg – ET Infra

Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter. The ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original

Adani in talks for first major debt refinancing after Hindenburg – ET Infra Read More »

Adani in talks for first major debt refinancing after Hindenburg – ET Infra

Adani Group is in talks with lenders, including global banks, as it seeks to refinance up to $3.8 billion of a loan facility taken for its acquisition of Ambuja Cements Ltd. last year, said people familiar with the matter. The ports-to-power conglomerate owned by Indian tycoon Gautam Adani is mulling whether to convert the original

Adani in talks for first major debt refinancing after Hindenburg – ET Infra Read More »

Hindenburg-inflicted losses still weigh heavily on Adani stocks – ET Infra

Representative Image About four months after US short seller Hindenburg Research shook Indian financial markets with a bombshell report on the Adani Group, the conglomerate’s stocks are finding it hard to shake off the impact. While two of Adani’s 10 stocks have bounced back strongly, a full recovery to pre-Hindenburg levels looks a ways away.

Hindenburg-inflicted losses still weigh heavily on Adani stocks – ET Infra Read More »

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