Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

A unit of <keyword id="6437412" type="General" weightage="20" keywordseo="Qatar-Investment-Authority" source="Orion">Qatar Investment Authority</keyword>, <keyword id="119583" type="General" weightage="20" keywordseo="SBI-Mutual-Fund" source="Orion">SBI Mutual Fund</keyword>, and foreign investment funds <keyword id="6354527" type="General" weightage="20" keywordseo="Nomura" source="Orion">Nomura</keyword> and <keyword id="44473" type="General" weightage="20" keywordseo="Citigroup" source="Orion">Citigroup</keyword> were the biggest buyers of shares in <keyword id="19955648" type="General" weightage="100" keywordseo="Adani-Group" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Group" meta.hostid="267" meta.entityid="Adani Group">Adani group</keyword>'s <keyword id="22661797" type="General" weightage="20" keywordseo="power-transmission-unit" source="Orion">power transmission unit</keyword>'s USD <keyword id="22661798" type="General" weightage="20" keywordseo="1-billion-QIP" source="Orion">1 billion QIP</keyword>, according to a stock exchange filing by the company. The Rs 8,373.10 crore (USD 1 billion) qualified institutional placement (QIP) of <keyword id="19964750" type="General" weightage="20" keywordseo="Adani-Energy-Solutions" source="keywords" meta.keywordsubtype="org" meta.entityname="Adani Energy Solutions" meta.hostid="267" meta.entityid="Adani Energy Solutions">Adani Energy Solutions</keyword> Ltd (AESL), which closed last week, saw over 120 investors seek shares in the firm that is into power transmission, distribution and smart metering business. Billionaire <keyword id="22623487" type="General" weightage="20" keywordseo="Stanley-Druckenmiller" source="keywords">Stanley Druckenmiller</keyword>'s family office-led investment firms were among the companies that sought shares of AESL in the QIP. AESL in the filing said its board has approved allocation of over 8.57 crore shares to eligible qualified institutional buyers at the issue price of Rs 976 per share, reflecting a discount of Rs 51.11 (4.98 per cent) to the floor price of Rs 1,027. Giving details of allottees who got more than 5 per cent of shares, it said INQ Holdings LLC, a wholly-owned subsidiary of QIA, cornered 15 per cent of the shares sold. Two Mauritius funds of Citigroup bought 8.88 per cent of the shares sold while four SBI funds - SBI Infrastructure Fund, SBI Large &amp; Midcap Fund, SBI Long term Advantage Fund Series IV and SBI Magnum Children's Benefit Fund - together took home 7.93 per cent of the shares. Nomura Singapore Ltd ODI cornered 7.5 per cent of the shares, the filing showed. INQ had in August last year acquired nearly 2.7 per cent in Adani Green Energy Ltd - the renewable energy firm of the conglomerate run by billionaire Gautam Adani. In 2020, it had acquired a stake in Adani Electricity Mumbai Ltd, a subsidiary of AESL. The AESL QIP last week was oversubscribed six times and fetched demand of over Rs 50,000 crore against an issue size of USD 1 billion. <keyword id="22636516" type="General" weightage="20" keywordseo="Duquesne-Family-Office" source="keywords" meta.keywordsubtype="org" meta.entityname="Duquesne Family Office" meta.hostid="267" meta.entityid="Duquesne Family Office">Duquesne Family Office</keyword> and two other US-based long-only funds - Driehaus Capital Management and Jennison Associates - bought shares but AESL did not disclose the exact number of shares they bought since these were less than 5 per cent of the issue size, sources said. The QIP issue marked the debut of highly prestigious long-only investors Duquesne Family Office, Driehaus Capital Management and Jennison Associates which are known for their strong performance. These investors are known for investing only in companies with high governance and are known for staying invested for decades. The QIP was the first public equity raise by the conglomerate since a damning Hindenburg report last year wiped away billions in shareholder value. The demand generated made the AESL QIP the largest in the energy space. Duquesne was founded by billionaire Stanley Druckenmiller, who along with George Soros in 1992 broke the Bank of England by shorting the British pound, leading to its crash and earnings over a billion dollars. Adani Group has a history of introducing several long-only investors in the market. In the past years, it has brought large investors including GQG Partners and International Holding Company (IHC) besides QIA. Other major global names that participated in the QIP include Blackrock, Jupiter Asset Management, and Eastspring. Domestic mutual funds that have participated included HDFC Mutual Fund, Axis Mutual Fund, Bandhan Mutual Fund, LIC, WhiteOak, 360One among others. Insurance companies including SBI Insurance, SBI Pension and ASK Asset Management have also participated, according to sources. QIP is an instrument used by listed companies to raise funds from large institutions. The fundraise is the first after Adani group's flagship firm scrapped a Rs 20,000 crore issue in February last year, following the Hindenburg report alleging accounting fraud and stock manipulation. Though the group vehemently and repeatedly denied all allegations, listed companies of the conglomerate at one point saw over USD 150 billion of their market value being wiped out. While the group has largely recovered, a successful QIP is being seen as a powerful vote of investor confidence in the tycoon. Separately, Adani Enterprises Ltd, the flagship firm of the group, is looking to revive its first-ever public sale of bonds. It plans to raise as much as Rs 600 crore. The company has hired Trust Investment Advisors, AK Capital Services and Nuvama Wealth Management as lead managers for the issuances. The group had tapped the dollar bond market in March this year - the first time since the Hindenburg report - when its solar energy unit Adani Green Energy Ltd and associated firms got bids of about USD 2.9 billion.

Qatar Investment Authority unit, SBI funds, Citigroup biggest buyers in Adani Energy's USD 1 billion QIP

Gautam Adani in striking distance of entering the top 20 richest club once again

<ul class="summary-list"><li>Indian tycoon Gautam Adani pulled a $2.5 billion share sale for Adani Enterprises on Wednesday.</li><li>Shares in Adani Group companies have lost $92 billion in market cap since a US short seller's fraud allegations.</li></ul>Indian business tycoon Gautam Adani <a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/8e2c9f40-730f-444a-a65f-432194e81edc.pdf" target="_blank" rel="noopener">pulled a $2.5 billion share sale</a> on Wednesday after shares in his flagship Adani Enterprises extended massive losses following a short seller attack.The stunning reversal came even though Adani Enterprises' offering was <a href="https://markets.businessinsider.com/news/stocks/adani-completes-share-sale-market-rout-hindenburg-fraud-allegations-2023-1">fully subscribed Tuesday</a> thanks to institutional investors, <a href="https://www.bloomberg.com/news/articles/2023-01-31/adani-share-sale-fully-subscribed-after-last-minute-jump-in-bids" target="_blank" rel="noopener nofollow">Bloomberg reported.</a> However, demand from retail investors was low."Today the market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the Company's board felt that going ahead with the issue would not be morally correct," Adani, who is the chairman of Adani Enterprises, said in a <a href="https://www.adanienterprises.com/newsroom/media-releases/Adani-Enterprises-Limited-Stands-by-its-Investors" target="_blank" rel="noopener">statement</a> on Wednesday.Listed companies under the Adani Group have lost <a href="https://www.bloomberg.com/news/articles/2023-02-01/adani-flagship-falls-after-last-minute-completion-of-share-sale" target="_blank" rel="noopener nofollow nofollow sponsored">$92 billion</a> in market capitalization since Hindenburg Research, a US short seller, released a scathing <a href="https://hindenburgresearch.com/adani/" target="_blank" rel="noopener nofollow">report</a> last Tuesday alleging "brazen stock manipulation and accounting fraud scheme" at the <a href="https://markets.businessinsider.com/news/stocks/gautam-adani-hindenburg-allegations-net-worth-crash-2023-1" rel="">Adani Group.</a> Shares of Adani Enterprises, the conglomerate's flagship, lost 28% in one day on Wednesday and are down 43.5% in market value this year.The Adani Group has been <a href="https://markets.businessinsider.com/news/stocks/gautam-adani-net-worth-billionaire-world-richest-list-hindenburg-shortseller-2023-1" rel="">defending itself vigorously,</a> but Hindenburg has also doubled down on its initial report.The fallout has rattled the market. The Securities and Exchange Board of India, the country's market regulator, is looking into the massive selloff, as well as any irregularities in the secondary share sale, <a href="https://www.reuters.com/business/india-market-regulator-examines-adani-share-rout-source-says-2023-02-01/" target="_blank" rel="noopener">Reuters reported on Wednesday</a>, citing a source with direct knowledge of the matter.Adani himself has lost nearly $50 billion in net worth from the stock rout this year so far, costing him the crown as Asia's richest person, per the <a href="https://www.bloomberg.com/billionaires/" target="_blank" rel="noopener">Bloomberg Billionaires Index.</a>Adani is now worth about $72 billion, falling behind fellow Indian billionaire <a href="https://www.bloomberg.com/billionaires/profiles/mukesh-d-ambani/" target="_blank" rel="noopener">Mukesh Ambani.</a> The latter, who is the chairman of conglomerate Reliance Industries, is now the world's richest Asian, with a fortune of $81 billion.The Securities and Exchange Board of India and the Adani Group did not immediately respond to Insider's requests for comment.

Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

<ul><li>In terms of wealth, the global rank of both <keyword id="3820" type="General" weightage="20" keywordseo="mukesh-ambani" source="Orion">Mukesh Ambani</keyword> and <keyword id="111343" type="General" weightage="20" keywordseo="gautam-adani" source="Orion">Gautam Adani</keyword> continues to be the same.</li><li>The difference between their wealth, however, has reduced to only $200 million.</li><li>Last month, Adani briefly overtook Ambani and became the richest man in Asia and India.</li></ul>The net worth of India’s richest two people Mukesh Ambani and Gautam Adani has crossed the $100 billion-mark, according to Forbes’ Real Time Billionaires List. However, the global rank of both Ambani and Adani continues to be the same. Ambani, who is the chairperson and managing director of Reliance Industries Limited (RIL), continues to be the 10th richest person in the world. Whereas Adani, founder and the Chairman of the Adani Group, is currently the 11th richest person in the world. The difference between their wealth, however, has reduced to only $200 million, the list noted. The net worth of Adani stands at $100.1 billion as on March 31, whereas Ambani’s net worth is at $100.3 billion. These two are also the richest people in Asia. Ambani’s net worth had first crossed the $100 billion mark last year in October, after his net worth crossed $100.6 billion. The data was based on Bloomberg Billionaires Index, a counterpart of the Forbes’ Real Time Billionaires List. Bloomberg Billionaires List noted that Ambani’s net worth is $99.8 billion as on March 31, 2022, whereas Adani’s is at $95.5 billion. Last month, Adani <a href="https://www.businessinsider.com/indias-gautam-adani-asias-richest-person-with-89-billion-2022-2#:~:text=India's%20Gautam%20Adani%20has%20overtaken,of%20his%20companies%20have%20soared.">briefly overtook</a> Ambani and became the richest man in Asia and India. Elon Musk, founder of SpaceX and chief executive officer (CEO) of Tesla, is the richest person in the world, followed by Amazon’s founder Jeff Bezos. The list also includes Louis Vuitton group’s Bernard Arnault, Microsoft’s Bill Gates, Berkshire Hathaway’s Warren Buffet, Google’s Larry Page and Serge Brin, founder of Oracle Larry Ellison and former Microsoft CEO Steve Ballmer. SEE ALSO <a class="tout-title-link" href="https://www.businessinsider.in/finance/banks/news/axis-bank-may-soon-become-the-third-largest-credit-card-player-after-hdfc-bank-and-sbi-post-the-citibank-deal/articleshow/90563751.cms" style="">Axis Bank may soon become the third largest credit card player after HDFC Bank and SBI post the Citibank deal</a> <a href="https://www.businessinsider.in/business/telecom/news/reliance-jio-lost-over-9-million-subscribers-in-january-but-that-is-a-good-thing/articleshow/90557442.cms" data-type="tilCustomLink" style="">Reliance Jio lost over 9 million subscribers in January, but that is a good thing – here’s why</a> <a href="https://www.businessinsider.in/business/telecom/news/vodafone-idea-news-board-approves-14500-crore-fundraising-plan/articleshow/89983243.cms" style="">Even a big fundraise is not helping Vodafone investors as Russia-Ukraine conflict takes the wind out of global markets</a>

Mukesh Ambani and Gautam Adani are now worth more than $100 billion

The Securities &amp; Exchange Board of India (<keyword id="35210" type="General" weightage="20" keywordseo="sebi" source="Orion">SEBI</keyword>) has kept the initial public offering (<keyword id="6354763" type="General" weightage="20" keywordseo="ipo" source="Orion">IPO</keyword>) of <keyword id="236770" type="General" weightage="20" keywordseo="adani-wilmar" source="Orion">Adani Wilmar</keyword> in abeyance. The website of the capital market regulator showed that the Rs 4,500 crore issue has been "kept in abeyance". As per the SEBI (Issuance of Observations on Draft Offer Documents Pending Regulatory Actions) Order, 2020, issued by the SEBI on February 5, 2020, the regulator is obligated to keep issuance of observations in abeyance for a period of 30 days or 45 days or 90 days or more, as the case may be. Adani Wilmar is a joint venture of <keyword id="6367820" type="General" weightage="20" keywordseo="adani-group" source="Orion">Adani Group</keyword> and Singapore's Wilmar Group. During the Monsoon session of the Parliament, Minister of State for Finance, Pankaj Chaudhary said that the SEBI is investigating some Adani group companies with regard to compliance with SEBI regulations while the Directorate of Revenue Intelligence is also probing certain entities under the laws administered by it. However, the minister added that the Enforcement Directorate is not probing these companies. SEE ALSO <a href="https://www.businessinsider.in/business/startups/news/urban-company-on-lookout-for-15000-service-professionals-in-50-cities-in-india/articleshow/85447261.cms">Urban Company is on the lookout for 15,000 service professionals as it wishes to tap into 50 cities by the end of this year</a> <a href="https://www.businessinsider.in/business/startups/news/postman-is-now-the-highest-valued-vc-funded-saas-startup-in-india-after-a-225-million-fundraise/articleshow/85429769.cms">Postman is now the highest valued VC funded-SaaS startup in India, after a $225 million fundraise</a>

You Searched For "adani fundraising" and got 6 results

Qatar Investment Authority unit, SBI funds, Citigroup biggest buyers in Adani Energy's USD 1 billion QIP

PTI

Gautam Adani in striking distance of entering the top 20 richest club once again

Rounak Jain

Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

Huileng Tan

Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

Huileng Tan

Mukesh Ambani and Gautam Adani are now worth more than $100 billion

Kritti Bhalla

SEBI puts on hold Adani Wilmar’s ₹4500 crore IPO

IANS

Popular Keywords

Buying Guides