Adani News: The Adani stocks are in the news due to multiple reasons. In the bribery investigation against Sagar Adani, the nephew of billionaire Gautam Adani, the Indian government has been asked to cooperate by the US Securities and Exchange Commission (SEC). Let’s learn more about the most recent Adani news and the overall status of the company.
Brief Background of Adani Group
Adani Group is a diverse organization made up of ten publicly traded firms. It has developed an excellent portfolio of utility and transportation infrastructure that is present throughout India. The Adani Group’s headquarters are located in Ahmedabad, Gujarat, India.
In its energy utility and transport logistics portfolio sectors, Adani Group has established itself as the industry leader over the years, concentrating on large-scale infrastructure growth in India with O&M procedures that are compared to international standards. It is the only issuer of Infrastructure Investment Grade in India, with four IG-rated companies.
Adani News: Bribery Case
Despite U.S. President Donald Trump’s executive order to hit the pause button on the U.S. anti-bribery law — a move viewed as a big relief for Indian billionaire and top industrialist Gautam Adani — the U.S. Securities and Exchange Commission (SEC) has now written to Indian authorities to serve a complaint on the Adani Group founder and his nephew Sagar Adani for their alleged involvement in securities fraud and a $265 million bribery scheme, according to a court filing. The shares of Adani Group as a result to Adani news plunged by 5% yesterday.
Adani News: Recent Investment
In collaboration with GEMS Education, the Adani Group has pledged ₹ 2,000 crore to open a minimum of twenty schools around India. This program is a component of a charity setup of ₹ 10,000 crore that was launched at Gautam Adani’s younger son’s wedding and is intended to support a number of social concerns, such as skill development and hospitals.
According to the official statement released, the partnership will contribute to the goal of developing a highly qualified and values-based talent pool. The partnership believes that a country’s transformation requires a focused and dedicated effort on developing its youth.
Adani News: Current Financials
The largest infrastructure company in India, the Adani Group, reported that its portfolio EBITDA jumped by 10.1% year-over-year to reach an all-time high of Rs 86,789 crore on a TTM (Trailing 12 Month) basis, while its Q3 FY25 EBITDA increased by 17.2% to Rs 22,823 crore. The Adani Portfolio firms are currently on a high capital expenditure path, with a solid foundation of growing cash flow production and project execution expenditures for their individual portfolio companies.
Conclusion
Right from the company financials to the ongoing controversies, The Adani Group is making headlines for all possible reasons. There is no denial that investors love this company, and Adani news is the favourite topic of analysts all around the globe.
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