Here’s a quick look at stocks likely to be in focus in today’s trade. Adani Power: Adani Power has announced that the Hyderabad bench of the National Company Law Tribunal (NCLT) has approved its plan to acquire Lanco Amarkantak Power Ltd (LAPL). The acquisition involves an upfront payment of ₹4,101 crore. LAPL is currently undergoing
Adani Group said it has enough cash to cover more than 30 months of debt payments, in a move aimed at alleviating concerns about its liquidity risk as the Indian conglomerate contemplates fresh fundraising for its flagship unit. Billionaire Gautam Adani’s group said its cash balance accounted for 24.8% of gross debt as of the
Adani Energy Solutions Ltd (AESL), the largest private transmission and distribution company in India with a growing smart metering portfolio, has acquired 100% stake in Essar Transco Limited after obtaining requisite regulatory and other approvals for an Enterprise Value of Rs 1,900 crores. The share acquisition is pursuant to definitive agreements signed in June, 2022.