Jun 14, 2021By: Rounak Jain
Media reports suggest that one of the reasons behind the rally in the shares of the Adani group companies could be due to certain foreign funds hoarding the shares.
It is worth noting that the market capitalisation of the Adani group has surged from a little over ₹1.6 lakh crore to over ₹8.5 lakh crore in the last one year.
It has incorporated a new subsidiary, namely Adani Cements, which will manufacture and process all types of cement.
SBI, Kotak Mahindra Bank, ICICI Bank, HDFC Bank were all amongst the top losers on Nifty50, with their share prices down by at least 1 percent as of 12 pm.
Its share sale of ₹4,000 crore to a group of investors including The Carlyle Group and former HDFC Bank CEO Aditya Puri is under SEBI investigation.
It will declare its March 2021 quarter results today.
Coal India, IDFC, Indian Overseas Bank, IFB Industries, Greenply Industries, JB Chemicals & Pharmaceuticals, Kajaria Ceramics, Manorama Industries, Ramky Infrastructure, Tips Industries, Uttam Sugar Mills.
It has designed and completed a customer experience transformation programme to Alcatel-Lucent Enterprises to help it improve its sales.
It will acquire Zwayam Digital for ₹61 crore. Zwayam is an AI and machine learning-powered talent management platform.
It has completed its qualified institutional placement (QIP) at a price of ₹310 per share.
To enter the ductile iron business with a new greenfield facility in Gujarat at a projected outlay of ₹1,550 crore.
It has received a warning letter from the US FDA for its Somerset facility in the US.
Allotted equity shares worth ₹3,000 crore to the government at a price of ₹71.23 per share, on a preferential basis.