Adani Enterprises Ltd
12 Aug 2024 12:00 AM
Adani Group refutes latest allegations by Hindenburg,
The Adani Group has issued a statement titled �Hindenburg Report - A Red Herring� which is detailed under:The latest allegations by Hindenburg are malicious, mischievous and manipulative selections of publicly available information to arrive at pre-determined conclusions for personal profiteering with wanton disregard for facts and the law. We completely reject these allegations against the Adani Group which are a recycling of discredited claims that have been thoroughly investigated, proven to be baseless and already dismissed by the Hon`ble Supreme Court in March 2023. It is reiterated that our overseas holding structure is fully transparent, with all relevant details disclosed regularly in numerous public documents. Furthermore, Anil Ahuja was a nominee director of 3i investment fund in Adani Power (2007- 2008) and, later, a director of Adani Enterprises until 2017. The Adani Group has absolutely no commercial relationship with the individuals or matters mentioned in this calculated deliberate effort to malign our standing. We remain steadfastly committed to transparency and compliance with all legal and regulatory requirements.For a discredited short-seller under the scanner for several violations of Indian securities laws, Hindenburg`s allegations are no more than red herrings thrown by a desperate entity with total contempt for Indian laws.Powered by Capital Market - Live News
Adani Enterprises Ltd
01 Aug 2024 12:00 AM
Board of Adani Enterprises approves composite scheme of arrangement,
The Board of Adani Enterprises at its meeting held on 01 August 2024 has approved the composite scheme of arrangement amongst Adani Green Technology, Adani Emerging Business and Adani Enterprises and Adani Tradecom and Adani New Industries and their respective shareholders and creditors. The scheme provides for (i) amalgamation of Adani Green Technology and Adani Emerging Business, respectively with Adani Enterprises and (ii) amalgamation of Adani Tradecom with Adani New Industries and the issue of shares of Adani Energy to shareholders of Adani Emerging Business in consideration thereof. As an outcome of the composite scheme of arrangement, Adani Enterprises will achieve a much more simplified organization structure for its new energy business under the aegis of Adani New Industries. Powered by Capital Market - Live News
Adani Enterprises Ltd
01 Aug 2024 12:00 AM
Board of Adani Enterprises approves transfer of Food FMCG biz to Adani Wilmar,
The Board of Adani Enterprises at its meeting held on 01 August 2024 has approved the scheme of arrangement between the company and Adani Wilmar and their respective shareholders and creditors. The proposed scheme provides for transfer of food FMCG business of Adani Enterprises and its strategic investment in Adani Commodities LLP to Adani Wilmar. Powered by Capital Market - Live News
Adani Enterprises Ltd
01 Aug 2024 12:00 AM
Adani Enterprises consolidated net profit rises 115.82% in the June 2024 quarter,
Net profit of Adani Enterprises rose 115.82% to Rs 1454.50 crore in the quarter ended June 2024 as against Rs 673.93 crore during the previous quarter ended June 2023. Sales rose 12.49% to Rs 25472.40 crore in the quarter ended June 2024 as against Rs 22644.47 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales25472.4022644.47 12 OPM %14.5511.15 - PBDT3169.641793.86 77 PBT2235.561080.00 107 NP1454.50673.93 116 Powered by Capital Market - Live News
Adani Enterprises Ltd
27 Jul 2024 12:00 AM
Adani Enterprises announces board meeting date,
Adani Enterprises will hold a meeting of the Board of Directors of the Company on 1 August 2024.Powered by Capital Market - Live News
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