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Adani Group
Broker's Calls
DBS keeps Wilmar at 'buy', shrugs off potential balance sheet and earnings impact from Adani joint venture
"Wilmar will be able to maintain its earnings performance amid commodity price volatility"
February 06, 2023
Company in the news
Wilmar International, Walmart among those exposed to Adani crash
Wilmar International is one of Adani’s oldest partners. Their joint venture, Adani Wilmar Ltd., has a market value of $8.8 billion
February 06, 2023
Company in the news
Adani crisis deepens as stock rout hits US$107 bil, bonds sink
The conglomerate has repeatedly denied the allegations, called the report “bogus”, and threatened legal action.
February 03, 2023
Company in the news
Citigroup wealth unit halts margin loans on Adani securities
When a private bank cuts lending value to zero, clients typically have to top up with cash or another form of collateral.
February 02, 2023
Company in the news
Adani abruptly abandons US$2.4 bil stock sale as crisis mounts
The flagship firm said in the statement it’s pulling the deal to insulate investors in the offering from potential losses.
February 02, 2023
Banking & finance
Credit Suisse's wealth unit halts margin loans on Adani debt
The Swiss lender’s private banking arm has assigned a zero lending value for notes sold by the Adani group of companies.
February 01, 2023
Company in the news
Wilmar stands by India associate with JV partner with Adani Group
Other partners, such as French energy giant TotalEnergies, also weighed in.
January 31, 2023
Company in the news
Adani says Hindenburg conduct is 'calculated securities fraud'
Adani added that it will “exercise our rights to pursue remedies to safeguard our stakeholders before all appropriate authorities.
January 30, 2023
Company in the news
Adani rout drags India's Nifty 50 gauge to three-month low
Nifty 50 Index’s move signals that sentiment has started souring for India assets since the Hindenburg report.
January 27, 2023
Company in the news
Adani rout crosses US$50 bil as stocks plunge by daily limits
Adani Enterprises lost more than 19% on Friday, sliding below the 3,276 rupees ($52.74) level.
January 27, 2023