Adani Group on Rs5,600 Cr Acquisition Spree With Jaiprakash Associates and Jaypee Fertilizers
India, May 21 -- India's insolvency resolution process is unlocking significant assets for strategic acquirers. As part of an NCLT-approved resolution plan for one of the country's most indebted conglomerates, two listed Adani group entities have moved to formalize asset acquisitions - one expanding its power generation footprint, and the other shoring up its logistics ambitions in North India.
With a market cap of Rs. 4,33,906 Crore, Shares of Adani Power Ltd.. are trading at a price of Rs. 224.4 per share i.e. 1.8% up from its previous closing price of Rs. 220.24.
With a market cap of Rs. 4,11,648 Crore, shares of Adani Ports & Special Economic Zone Ltd. are trading at a price of Rs. 1,788.9 per share i.e. 0.9% up from its previous cl...
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