PSP Projects shares fall 9% after Adani Infra acquisition, open offer

The sharp sell-off was seen a day after billionaire Gautam Adani’s Adani Infrastructure announced to buy a 30.07% stake in construction company PSP Projects for ₹685.36 crore.

The sharp sell-off was seen a day after billionaire Gautam Adani’s Adani Infrastructure announced to buy a 30.07% stake in construction company PSP Projects for ₹685.36 crore.

The ECB recently highlighted the stock market’s increasing dependence on a few AI-focused firms, particularly in the United States.

Shares of Adani Enterprises, the flagship company of the group, are down 23% on Thursday, November 21, while those of Adani Ports are locked in a 20% lower circuit.

Gautam Adani, one of India’s richest man was worth over $60 billion before the US court’s indictment order was publicised. The value of his shares have fallen sharply since then. But the loss for shareholders is only of the many…

NBCC Share Price | The contract is for the project management consultancy services for construction of Unity Mall (PM-Ekta Mall) in Jaipur, Rajasthan.

US prosecutors have charged Adani with participating in a scheme to pay over $250 million in bribes to Indian government officials between 2020 and 2024.

The bond had been priced but was pulled after US prosecutors charged Gautam Adani in an alleged $250 million bribery scheme.

The Supreme Court order on Cenvat credit is a significant positive outcome for Indus Towers and will result in a reduction of ₹3,704 crore in contingent liability.

Shares of GQG Partners, one of the largest investors in the Adani Group, are also down 21% in Australian trading.

Adani Bribery Case Live: Shares of all Adani Group companies are trading with losses between 10% or 20% at the start of trading on Thursday, November 21, after the US District Court and the Securities & Exchanges Commission framed bribery…