Adani Transmission Ltd

Nifty 50 and S&P BSE Sensex have registered gains for three straight months, adding over 2% each in May

With a debt burden in excess of $20 billion, maturing debt to be serviced stretching over the next several years and expansion plans already charted out, the group needs funds on several counts

Adani Transmission posted a consolidated Q4 net at ₹440 crore up 86% year-on-year on strong distribution revenue growth

India’s largest private utility is a key player in PM Narendra Modi’s pledge to provide power to every Indian home

Sources indicated that both foreign and Indian institutions have been meeting Adani group officials, interested in investing in the companies

All 10 Adani Group stocks jumped in the last three sessions

Six out of 10 Adani Group stocks hit their upper circuits on May 22 with the group market value in dollar terms rising by $9.7 billion to $122.9 billion from the previous session

The rally is driven by the expert panel’s observation of no regulatory failure and reports of non-core asset monetisation

The leading investment bank feels Adani Transmission and Adani Ports are well placed to benefit from reforms in their sectors

Says it found no evidence of artificial trading patterns or wash trades among the same parties on multiple occasions, nor did it identify a consistent pattern of price manipulation

2023 M3M Hurun Global Rich List suggests that to the three self-made billionaires in India, the corresponding number of Indian men could be 103.