CPM strongly opposes contentious Adani-MSC stake deal at Vizhinjam Seaport
The equity transfer of the Vizhinjam seaport between Adani and Mediterranean Shipping Company (MSC) has drawn sharp criticism and strong objections from the CPM.
The equity transfer of the Vizhinjam seaport between Adani and Mediterranean Shipping Company (MSC) has drawn sharp criticism and strong objections from the CPM.
The Adani Group officially announced here on Tuesday that it will invest $100 billion to build a nationwide artificial intelligence (AI) infrastructure platform, marking it one of the largest tech infrastructure pushes in India.
These subsidiary companies, which have been incorporated to focus on real estate and construction projects, mark a strategic expansion in the company’s airport-linked infrastructure development.
A heated exchange broke out in the Supreme Court after a lawyer’s remark on Constitution Benches drew a stern warning from Chief Justice Surya Kant during a mentioning round.
According to the statement, "The merger will unlock greater operational efficiencies, optimise manufacturing and logistics, and enable efficient capital deployment."
Adani Infrastructure has informed the stock exchange in a filing that it has purchased a 34.4 per cent stake in Ahmedabad-based construction company PSP Projects.
The remaining 10.42% stake held by Adani Commodities LLP, which is a subsidiary of Adani Enterprises Ltd, will also be sold to a group of pre-identified investors arranged by Wilmar International, the statement mentioned.
Adani Enterprises Limited (AEL) has completed the acquisition of an 85.1 per cent stake in Air Works India (Engineering) Pvt Ltd (AWIEPL) through its wholly owned subsidiary, Adani Defence Systems and Technologies Limited (ADSTL), the company announced in a stock exchange filing.
The bonds will offer about 6.9 per cent over a four-year tenor and the Adani-owned MIAL will use the proceeds to refinance debt raised in 2022, the statement mentioned.
The Adani Group issued an official press release on Monday announcing that its subsidiary Adani New Industries Limited (ANIL) has commissioned India's first off-grid 5-megawatt (MW) green hydrogen pilot plant in Kutch, Gujarat.
