ADANIENT

Nov 4 (Reuters) - Adani Enterprises ADEL.NS, the flagship company of India's Adani Group, reported a drop in second-quarter adjusted profit on Tuesday as weakness in its mainstay coal trading division outweighed strength across renewable energy operations.

The company's consolidated profit before exceptional item and tax fell 66.2% to 8.14 billion rupees ($92.6 million) in the quarter ended September 30, from 24.09 billion rupees a year ago.

($1 = 87.8950 Indian rupees)

(Reporting by Manvi Pant and Anuran Sadhu; Editing by Nivedita Bhattacharjee)

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By Dhwani Pandya and Arpan Chaturvedi

MUMBAI, Oct 14 (Reuters) - Indian billionaire Gautam Adani's property arm is seeking court approval to acquire 87 properties including hotels and malls from a distressed real estate group, a move that could bolster the conglomerate's relatively small business.

The domestic Sahara Group is seeking to sell hotels, shopping centres, and residential and office buildings to raise funds to repay billions of dollars to investors who put their money in a bond scheme that was later ruled to be illegal.

Adani is seeking to buy all of those assets, its lawyer Mukul Rohatgi told judges on Tuesday at the Supreme Court, which has been overseeing how Sahara repays its investors.

Rohatgi did not say how much Adani was offering for the properties.

The Supreme Court has asked government agencies for their views on the proposal and will next hear the case in November.

Adani Group and Sahara did not respond to emails seeking comment.

SAHARA GROUP DUE TO REPLAY $2.82 BILLION TO INVESTORS

Sahara Group, once the sponsor of India's national cricket teams and which used to own New York's Plaza Hotel and the Grosvenor House in London, is due to repay nearly $2.82 billion to investors.

Adani Properties is the unlisted arm of the power-to-coal conglomerate, which is redeveloping Asia's densest slum Dharavi in Mumbai.

One of Sahara's marquee properties is a 9,000 acre luxury township - Aamby Valley - situated near Mumbai, which includes an airstrip, golf course, manmade lakes and luxury villas.

A source with direct knowledge of Adani's planning said the Sahara portfolio would give it access to a huge land bank, as the list of properties includes land parcels.

"It also helps Adani get into hospitality as (luxury Hotel) Sahara Star is also included in this, and so is Aamby Valley," the source said.

(Reporting by Dhwani Pandya; Editing by Bernadette Baum)

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Oct 8 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES - APPROVED ISSUANCE OF NON-CONVERTIBLE DEBENTURES UPTO 30 BILLION RUPEES

Source text: ID:nBSE2JM3HZ

Further company coverage: ADEL.NS

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By Dharamraj Dhutia

MUMBAI, Oct 6 (Reuters) - Indian billionaire Gautam Adani's flagship firm is slated to raise up to 10 billion rupees ($112.6 million) through the private placement of two-year and six-month bonds, two bankers said on Monday, marking its first such fundraising since 2023.

The company will pay a semi-annual coupon of 8.70% on the issue and has invited commitment bids on Tuesday. The bonds will be placed directly with investors, with large mutual funds seen as likely buyers.

Adani Enterprises did not immediately respond to a Reuters request for comment. The bankers declined to be named as they are not authorised to speak to the media.

The notes are rated AA- by ICRA and follow a retail bond sale conducted three months ago.

Adani Enterprises raised 10 billion rupees in July via a public issue of two-, three- and five-year bonds at coupons of 8.95%–9.30%, after raising 7 billion rupees through three-year paper at 10% in October 2023.

Last month, India's markets regulator, the Securities and Exchange Board of India, dismissed some of the allegations of stock manipulation against Gautam Adani and his group of companies made by U.S. short-seller Hindenburg Research in 2023.

SEBI is still looking into more than a dozen allegations on the group and its offshore funds that they broke securities regulations, sources had told Reuters.

While the conglomerate denied wrongdoing, the accusations led to a $150-billion sell-off of the group's stock. Shares have since recovered and the group has regularly dismissed all allegations.

($1 = 88.7800 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

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Oct 1 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• SIGNING OF SHARE PURCHASE AGREEMENT BY ADANI ROAD TRANSPORT

• ADANI ROAD TRANSPORT TO ACQUIRE 100% STAKE IN YASHODHAN HIGHWAYS

• ADANI ROAD TRANSPORT TO ACQUIRE 100% STAKE IN KN HIGHWAYS DEVELOPMENT

Further company coverage: ADEL.NS

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Adds details on power sales, CEO comment in paragraph 7, detail on Nigeria in 10, CEO on gearing in 13

By America Hernandez

Sept 29 (Reuters) - TotalEnergies' TTEF.PA plan to cut annual capital spending by $1 billion and sell more power assets failed to ease market concerns over its recent rise in debt, with shares falling 2% after CEO Patrick Pouyanne hosted an investor day on Monday.

The capex cut, to $15–17 billion a year for 2027 to 2030, is part of a drive to save $7.5 billion, the oil major said in a statement. The group also said last week it planned to reduce quarterly share buybacks as it adapts to lower oil prices.

"We can do the same growth but with less capex and opex (operating expenditure)," Pouyanne told investors.

However, analysts at RBC called the changes "modest" and said the company could struggle to keep debt under current levels, given lower commodity prices.

SOLAR SALE IS ONE OF SEVERAL

Earlier on Monday, TotalEnergies said it would raise $950 million from the sale of a 50% stake in a 1.4 gigawatt U.S. solar portfolio to investment company KKR KKR.N.

Pouyanne has said the sale is one of several meant to raise $3.5 billion by year-end to offset more than $3 billion in acquisitions that have contributed to a more than doubling of TotalEnergies' debt in the first six months of 2025.

The group also plans to exit all power holdings outside of its strategic U.S., European, British and Brazilian markets, Stephane Michel, president of Gas, Power and Renewables, told analysts, including in India, home to 25% of its operational renewables assets in partnership with Adani Group.

"On renewables, I consider we have most of what we need," Pouyanne said, though added he was still on the hunt for lucrative gas power plants which work as backup power to intermittent wind and solar energy.

TotalEnergies also said on Monday it would purchase a 49% stake in Continental Resources' upstream gas fields in the U.S. state of Oklahoma, for an undisclosed sum.

STRUGGLE TO SELL ASSETS

Last week, the French company sold an oilfield stake to Shell for $510 million, but two other deals are in jeopardy.

An $860 million sale of Nigerian oil assets fell through last week as buyer Chappal Energies failed to raise enough money. Pouyanne said he was in talks with another buyer.

In July, the sale of TotalEnergies' West of Shetland gas assets in Britain also fell apart, after would-be buyer Prax Group went bankrupt.

TotalEnergies' gearing - a measure of net debt to equity - has leapt to 18% from about 8% in the first six months of this year. That figure rises to 28% when including $8.9 billion in leases and 9.75 billion euros ($11.37 billion) of hybrid debt. Quarterly earnings hit a four-year low this summer.

Pouyanne said gearing would drop to 15% by year-end, though he was comfortable with a level under 20%.

(Reporting by Alessandro Parodi and Alban Kacher in Gdansk, America Hernandez in Paris and Shadia Nasralla in London. Writing by Dominique Patton; Editing by Matt Scuffham, Barbara Lewis and Mark Potter)

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Sept 24 (Reuters) - Adani Green Energy Ltd ADNA.NS:

• ADANI GROUP CHAIRMAN: LOOKING AHEAD, WILL FURTHER STRENGTHEN GOVERNANCE STANDARDS OF CO

• ADANI GROUP CHAIRMAN: LOOKING AHEAD, WILL FURTHER STRENGTHEN GOVERNANCE STANDARDS OF CO

Source text: ID:nBSE9qYZCC

Further company coverage: ADNA.NS

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** Shares of Adani Enterprises ADEL.NS rise 3.4% to 2,609.4 rupees apiece

** Flagship Adani group firm is the top Nifty 50 .NSEI gainer by percentage; NSEI down 0.1% on the day

** Jefferies reiterates "buy" with price target of 3,000 rupees, a 25% implied upside over the last close

** Says ADEL management is hopeful that new tariffs across its airports will aid rise in EBITDA

** ADEL has received higher tariffs for six airports, excluding Mumbai, which suggest aero yield per pax increasing 1.5x-2.5x by FY2027-28 - Jefferies

** ADEL shares rose 5.1% on Friday after India's markets regulator dismissed stock manipulation allegations made in a report by Hindenburg

** Gains trim 2025 losses to 0.2%; Nifty is up 7% YTD

(Reporting by Bharath Rajeswaran in Bengaluru)

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Sept 19 (Reuters) - Adani Group stocks gained between 1% and 9.6% on Friday, a day after India's markets regulator dismissed short-seller Hindenburg Research's allegations of stock manipulation against billionaire Gautam Adani and his group.

Adani Power ADAN.NS led gains among the nine entities with its 9.6% climb. Adani Enterprises ADEL.NS, the flagship firm, rose 4.4%.

(Reporting by Anuran Sadhu and Kashish Tandon in Bengaluru; Editing by Harikrishnan Nair)

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Sept 18 (Reuters) -

• ADANI: SEBI HAS REAFFIRMED WHAT WE HAVE ALWAYS MAINTAINED, THAT THE HINDENBURG CLAIMS WERE BASELESS - POST ON X

Source text: [https://tinyurl.com/bdde9hsn]

Further company coverage: ADEL.NS

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Sept 17 (Reuters) - AWL Agri Business Ltd AWLA.NS:

• CHINESE REGULATOR APPROVES ADANI COMMODITIES, ADANI ENTERPRISES, LENCE DEAL

Source text: ID:nBSEbFW6yc

Further company coverage: AWLA.NS

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By Florence Tan and Nidhi Verma

SINGAPORE/NEW DELHI, Sept 16 (Reuters) - Sanctioned tanker Spartan has discharged Russian crude oil at India's Mundra port despite a ban by the Adani Group on entry of blacklisted ships at the terminal, ship tracking data from LSEG and Kpler showed on Tuesday.

The Suezmax tanker discharged 1 million barrels of Urals crude at Indian refiner HPCL-Mittal Energy Ltd's (HMEL) Mundra terminal, Kpler data showed.

Spartan, formerly known as SCF Samatlor, has been blacklisted by the European Union and Britain for breaching sanctions in transporting Russian oil.

The ship is managed by Dubai-based Nova Shipmanagement and owned by Citrine Marine, Equasis data showed.

HMEL and Nova Shipmanagement did not immediately respond to requests for comment outside office hours. Reuters has not been able to find any contact information for Dubai-based Citrine Marine.

On Monday, another sanctioned vessel carrying Russian oil, Noble Walker, changed course to India's Vadinar port.

The Noble Walker, carrying about 1 million barrels of Russian crude for HMEL, was until Friday headed to Mundra, according to shipping reports and data from LSEG and Kpler.

Last week, Adani issued orders barring entry of vessels that are sanctioned by the EU, Britain and the United States at its 14 ports, including Mundra in Western India. Indian refiners HMEL and Indian Oil Corp IOC.NS use the port for oil imports, including from Russia.

(Reporting by Florence Tan in Singapore and Nidhi Verma in New Delhi; Editing by Jamie Freed)

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Sept 12 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - TO ACQUIRE 100% STAKE IN DPJTOT

• ADANI ENTERPRISES - COST OF ACQUISITION WOULD BE AT ENTERPRISE VALUE NOT EXCEEDING 13.42 BILLION RUPEES

• ADANI ENTERPRISES - ADANI ROAD TRANSPORT TO BUY D P JAIN TOT TOLL ROADS

Source text: ID:nnAZN4I7KBZ

Further company coverage: ADEL.NS

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Adds latest prices

By Scott DiSavino

NEW YORK, Sept 11 (Reuters) - Oil prices slid on Thursday, settling about 2% lower as concerns over possible softening of U.S. demand and broad oversupply offset threats to output from the conflict in the Middle East and the war in Ukraine.

Brent crude futures LCOc1 fell $1.12, or 1.7%, to settle at $66.37 a barrel. U.S. West Texas Intermediate (WTI) crude CLc1 fell $1.30, or 2.0%, to settle at $62.37.

The International Energy Agency said in its monthly report that world oil supply will rise more rapidly than expected this year due to planned output increases by OPEC+, the Organization of the Petroleum Exporting Countries and allies like Russia.

"Oil prices are falling today in response to bearish IEA headlines, which suggest massive oversupply on the oil market next year," said Carsten Fritsch, an analyst at Commerzbank.

On Sunday, OPEC+ agreed to raise production from October. But in another report, however, OPEC kept non-OPEC supply and demand forecasts for the year unchanged, citing steady demand.

The market was torn between a perceived supply shortage due to a rise in tensions in the Middle East and Ukraine and actual oversupply from higher OPEC+ production and swelling stocks, said Tamas Varga, an analyst at PVM Oil Associates.

OPEC leader Saudi Arabia's crude oil exports to China are set to surge, several trade sources told Reuters on Thursday, with state-controlled energy firm Aramco shipping about 1.65 million barrels per day in October, up sharply from 1.43 million bpd allocated in September.

The market is also questioning how long China could continue to absorb barrels and keep Organization for Economic Co-operation and Development (OECD) inventories low, said Giovanni Staunovo, an analyst at UBS, adding that investors were also watching for further sanctions affecting Russian oil.

In Russia, the world's second-biggest producer of crude behind the U.S. in 2024, revenue from crude and oil products sales declined in August to one of the lowest levels seen since the start of the conflict in Ukraine, the IEA said.

U.S. Energy Secretary Chris Wright and European Commissioner for Energy and Housing Dan Jorgensen discussed efforts to restrict Russian energy trade during talks in Brussels, with Jorgensen saying the European Union's planned deadlines were ambitious but there is a need to speed the process.

In India, meanwhile, the largest private port operator, Adani Group has banned entry at its ports of tankers sanctioned by Western countries, three sources said and documents show. The move could hit Russian oil supplies for two Indian refiners.

INTEREST RATES AND INFLATION

U.S. consumer prices in August increased by the most in seven months, fueled by higher housing and food costs. A surge in first-time applications for unemployment aid last week kept feeding expectations that the Federal Reserve will cut interest rates next Wednesday, which could boost economic growth and demand for oil.

The European Central Bank left interest rates unchanged on Thursday, as expected, but offered no clues about its next move. Investors continue to bet the EU economy will need more support next year, yet traders curbed their bets on another ECB rate cut this cycle. Another move is now seen as a coin toss.

(Reporting by Scott DiSavino in New York, Seher Dareen in London and Katya Golubkova in Tokyo; Additional reporting by Ahmad Ghaddar in London; Editing by David Goodman, Louise Heavens, Paul Simao and David Gregorio)

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Aug 26 (Reuters) -

• INDIA COMPETITION REGULATOR: APPROVES ACQUISITION OF JAIPRAKASH ASSOCIATES BY ADANI GROUP ENTITIES

Further company coverage: ADEL.NS

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Aug 20 (Reuters) -

• ADANI UNITS RAISE $275 MILLION OFFSHORE DEBT FROM GLOBAL LENDERS- BLOOMBERG NEWS

Source text: https://tinyurl.com/bddshh3m

Further company coverage: ADEL.NS

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Adani Power Ltd ADAN.NS:

• SRI LANKA ENERGY MINISTER: WILL CALL FOR FRESH INTERNATIONAL TENDERS FOR LAND ALLOCATED FOR EARLIER ADANI PROJECT

Source text: [ID:]

Further company coverage: ADAN.NS

LONDON, Aug 13 (Reuters) - A major new copper smelter in India owned by Adani Enterprises Ltd ADEL.NS has applied to become a listed copper-producing brand with the London Metal Exchange, the LME said in a notice on Wednesday.

The copper smelter, which has an annual production capacity of 500,000 metric tons, is coming online at a time of shrinking smelting margins due to new smelter capacity in China and slower-than-expected growth of copper concentrate supply.

According to Adani, the $1.2 billion Kutch Copper facility in the western state of Gujarat is the world's biggest single-location plant of its type.

It is expected to begin smelting in May, Adani's head of metals, Felipe Williams, said in April. Chilean copper mining giant Codelco also said in April it would begin supplying copper concentrates to the smelter for refining this year.

For India, the smelter is expected to reduce the country's reliance on imported copper. According to the Trade Data Monitor, India imported refined copper worth $2.8 billion last year, mainly from Japan, Tanzania and Mozambique.

Copper listed for storage in LME-registered warehouses can be delivered against copper futures traded on the exchange when their contracts expire. For market players, LME-listed copper is easier to finance than non-registered brands.

(Reporting by Polina Devitt;
Editing by Paul Simao)

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Aug 5 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - INCORPORATES ADANI CYBERSECURITY SERVICES LIMITED

Source text: ID:nBSEdBDCc

Further company coverage: ADEL.NS

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Aug 4 (Reuters) -

• ADANI SEEKS BATTERY TIEUP WITH CHINA’S BYD IN RENEWABLES PUSH - BLOOMBERG NEWS

Source text: https://tinyurl.com/3cpsz77c

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Adds details from paragraph 2 onwards

July 31 (Reuters) - India's Adani Enterprises ADEL.NS, the flagship company of the Adani Group, reported a decline in first-quarter profit on Thursday as a drop in coal-fired power demand weighed on its mainstay coal trading division, sending its shares down 4%.

The company's consolidated net profit stood at 7.34 billion rupees (about $84 million) in the quarter ended June 30, down from 14.55 billion rupees a year ago.

Revenue from operations fell 14% to 219.61 billion rupees, hurt by a 27% decline in its coal trading unit.

The ports-to-power conglomerate's coal trading business is its biggest segment, contributing to 36% of its overall revenue. It saw continued weakness in the reporting quarter as India registered lower coal-fired electricity demand.

India's overall power output also declined amid a milder summer, earlier-than-expected monsoon and slowing economic activity, leading to a decline in coal demand.

The conglomerate has been expanding its new energy business, which includes solar manufacturing and wind turbines. However, the segment registered an 11% dip in revenue, during the quarter.

The clean energy segment's pre-tax profit dropped about 34% to 9.82 billion rupees, while the coal trading division logged a 45% decline 4.85 billion rupees.

Shares of the company fell as much as 3.8% to 2,436.6 rupees post results. They grew 13% in the April-June period.

($1 = 87.6075 Indian rupees)

(Reporting by Manvi Pant; Editing by Sonia Cheema)

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By Sudarshan Varadhan, Fransiska Nangoy and Hongmei Li

SINGAPORE/JAKARTA, July 30 (Reuters) - Indonesia's coal producers are trapped between the rock of falling exports and a hard place of peaking demand from the nickel smelters that had been driving the fuel's consumption domestically, creating a growth conundrum for the companies.

Coal is Indonesia's biggest export earner, making $30.49 billion in 2024, and plunging revenues from the sector would have disproportionately bad effects on the country's commodity-dependent economy, Southeast Asia's biggest.

With lower profit margins leading to dropping share prices, coal's woes point to a future of workforce cuts, slowing output and fewer contributions to government coffers at a time when President Prabowo Subianto is starting up ambitious spending plans.

Electricity-hungry smelters, most of which process nickel, have been the fastest growing demand source for Indonesian coal.

However, that demand will peak at 84.2 million tons by 2026 and fall to 78.6 million tons in 2027, according to the Indonesian Coal Miners Association (ICMA), because of nickel industry overcapacity and the potential implementation of stricter emissions regulations.

At the same time, Indonesian coal exports through June this year are down 12.6% from a year earlier by volume, data from Kpler showed, with government data showing the value of exports through May down 19.1%.

Exports to China, the country's biggest coal buyer, fell by 30% from a year earlier in June, Chinese government data showed, as it relies on more domestic output and takes advantage of low prices to import higher quality coal from elsewhere.

"Indonesian coal miners are taking steps to diversify their business to hedge against a steeply falling demand for low- to mid-grade coal," said Manish Gupta, senior analyst for Asia thermal coal research at Wood Mackenzie.

"We don't expect the growth in captive (plant) addition from nickel smelting to continue going forward," he said, using the industry jargon for power plants connected to nickel smelting sites, known as captive plants.

Indonesia's expanding nickel smelting industry had propelled a three-fold increase in Indonesia's captive coal-fired capacity to 16.6 gigawatts (GW) in 2024, from 5.5 GW in 2019, according to the coal plant tracker from Global Energy Monitor.

But as nickel prices have fallen due to increasing overcapacity and lower stainless steel imports by China, Indonesian smelters have idled some facilities.

In June, smelting inactivity at Indonesian nickel pig iron operations was 9% higher than a year earlier, the highest in two years, mainly as the country's biggest nickel producer Tsingshan Holdings likely halted output at its joint venture plants at Morowali Industrial Park, data from geospatial analytics firm Earth-i showed.

H. Kristiono, the deputy chairman of the ICMA, which includes Adaro AADI.JK, Bayan BYAN.JK and Bukit Asam PTBA.JK as well as foreign traders Adani Global and Trafigura, still expects the smelter industry's coal-fired power capacity to grow despite the underutilisation, although at a slower rate than previously estimated and still doubling by the end of the decade.

Coal will remain the dominant power fuel source for the nickel sector because of challenges to switching to other sources, little progress connecting sites to the national grid and Indonesia's resistance to stricter regulations.

About 6 GW of capacity, or 46% of all coal-fired power plants under construction in Indonesia, are planned for Central Sulawesi and North Maluku provinces, where nickel processing is concentrated, according to the Global Coal Monitor.

COMPANIES SQUEEZED

Overall though, the combination of lower exports and slower captive power demand growth is pressuring Indonesia's coal producers who are also being squeezed by higher government payments and rising fuel costs.

Profit margins at major miner Bayan has fallen for three years and state-owned Bukit Asam's first quarter margins fell below the annual averages for every year since 2010, LSEG data showed, due to increased royalty payments and rising machinery costs.

Shares of Indonesia's top five coal miners by output are down 1% to 18% this year, underperforming broader market .JKSE growth of nearly 7%. Adaro is down 18%, while Golden Energy Mines GEMS.JK and Bukit Asam have lost more than a tenth of their value since the beginning of this year.

The companies did not respond to requests seeking comment.

In April, Indonesia announced new royalty rates for coal, nickel and other minerals to support Prabowo's higher spending. While some big coal miners saw their effective royalty rate drop, others faced a 1 percentage point increase from April.

In 2024, royalties made up 16% of the average coal producer's cost structure, the highest among major Indonesian commodities, according to Australia-based Energy Shift Institute.

Jakarta is also considering export duties on coal shipments for certain price levels to boost state coffers, at a time when miners already face higher fuel costs due to the removal of biodiesel subsidies.

Some coal miners looking to weather the downturn are exploring diversification options, but progress has been slow, analysts say. Bukit Asam, for example, said in May it is considering a $3.1 billion investment in a plant to convert coal to synthetic natural gas.

"Producers are eyeing a mix of downstream options, renewables opportunities, or investments in alternate commodities," Wood Mackenzie's Gupta said.

(Reporting by Sudarshan Varadhan, Hongmei Li and Fransiska Nangoy, additional reporting by Ashitha Shivaprasad; Editing by Christian Schmollinger)

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July 24 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES TO JOIN HANDS WITH METTUBE FOR COPPER TUBES BUSINESS

• ADANI ENTERPRISES IS DIVESTING 50% OF ITS KUTCH COPPER TUBES LTD. SUBSIDIARY TO METTUBE

• WILL ACQUIRE A 50% STAKE IN METTUBE COPPER INDIA

• ADANI ENTERPRISES WILL INVEST 50% IN METTUBE COPPER INDIA

Source text: [ID:]

Further company coverage: ADEL.NS

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Rewrites throughout, adds background, shares

July 17 (Reuters) - India's Adani Group will exit its consumer goods joint venture with Wilmar WLIL.SI in a $1.3 billion deal, giving control to the Singaporean firm, it said on Thursday.

The sale was announced in December and comes amid Adani's plans to bolster its infrastructure business.

As part of the deal, Adani Commodities, a unit of Adani Enterprises ADEL.NS, will sell a 30.42% stake in the JV, AWL Agri Business AWLA.NS. Wilmar-owned Lence will buy up to a 20% stake and rest will be sold to a set of "pre-identified investors," Adani Enterprises said.

Wilmar, through Lence, will hold an up to 63.94% stake in AWL Agri after the sale is completed.

Lence will buy the 20% stake for around $832 million, at 275 rupees a share, a 4.8% premium to AWL Agri's closing price on Wednesday. Wilmar will recognise a gain of $1.23 billion from the deal, it said in an exchange filing.

AWL Agri shares closed up 6.7% on the day after rising as much as 8.1% earlier in the session.

($1 = 86.0510 Indian rupees)

(Reporting by Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)

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July 9 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - ANNOUNCES EARLY CLOSURE OF DEBENTURE ISSUANCE

Source text: ID:nBSEGpQ3

Further company coverage: ADEL.NS

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By Dharamraj Dhutia

MUMBAI, July 1 (Reuters) - Indian billionaire Gautam Adani's flagship firm plans to raise up to 10 billion rupees ($116.77 million) through a retail bond issue opening for public subscription next week, two sources aware of the development told Reuters on Tuesday.

Adani Enterprises ADEL.NS will sell two-year, three-year and five-year bonds through the issue, which will remain open for subscription from July 9 to July 22, the sources added.

The company will pay an annual coupon of 8.95% on its two-year bonds, 9.15% on three-year bonds and 9.30% on five-year bonds, and will also have an option to defer interest payment to maturity, the sources said.

For investors opting for quarterly payouts, the coupon will be 8.85% on three-year and 9.00% on five-year notes, they added.

Adani Enterprises did not reply to a Reuters request for comment.

This marks Adani Enterprises' second retail bond sale within a year. In September 2024, it raised 8 billion rupees via its debut public issue, offering two, three, and five-year bonds at coupons of 9.25%, 9.65%, and 9.90% respectively, indicating a 30–60 basis point drop in rates across tenors this time.

The proposed issue, rated AA- by Icra and Care Ratings, includes a greenshoe option of 5 billion rupees. Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services will be the lead managers for the bond sale, the company said.

Last month, the company raised $750 million from a group of international banks. In November, U.S. authorities indicted Gautam Adani and his nephew, Sagar Adani, over alleged bribery and misleading of investors in connection with U.S. fundraising.

Gautam Adani denied any wrongdoing last week, telling shareholders that no individual from the group had been charged under the U.S. Foreign Corrupt Practices Act.

Adani Group and its 13 offshore investors have also been facing an investigation by the Securities and Exchange Board of India (SEBI) since Hindenburg Research in 2023 alleged the group's improper use of tax havens. The group has consistently denied any wrongdoing.

($1 = 85.6375 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

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MUMBAI, June 30 (Reuters) - Indian billionaire Gautam Adani's flagship company aims to raise 10 billion rupees ($117 million) through the sale of retail bonds, and has filed a draft prospectus for the issue, according to statements on stock exchanges.

This will be the second time within a year that Adani Enterprises ADEL.NS will tap the retail bond market. In September 2024, the company raised 8 billion rupees through a public issue, which was its first such debt sale.

The proposed issue includes a greenshoe option of 5 billion rupees.

Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services will be the lead managers for the bond sale.

The tenor, coupon and the launch date have not yet been decided for the bonds that are rated AA- by Icra and Care Ratings.

($1 = 85.4470 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Mrigank Dhaniwala)

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June 23 (Reuters) - Apollo Global Management Inc APO.N:

• APOLLO PROVIDES $750 MILLION HIGH GRADE CAPITAL SOLUTION TO MUMBAI INTERNATIONAL AIRPORT LTD. IN SECOND TRANSACTION

• APOLLO GLOBAL MANAGEMENT INC - STRUCTURE ALLOWS FOR UP TO $250 MILLION IN ADDITIONAL FUNDING

Source text: ID:nGNXbLDzP4

Further company coverage: APO.N

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June 12 (Reuters) - Billionaire Gautam Adani's group is planning to list its Adani Airports unit by 2027, as part of a growth plan that requires investing $100 billion across businesses over the next few years, Bloomberg News reported on Wednesday.

The unit is set to be spun off and listed by March 2027, the report said, citing Adani Group executives who spoke on the condition of anonymity.

Adani Airports operates eight airports across India, including the Navi Mumbai International Airport, located in the outskirts of India's financial hub, which the company expects will be operational soon.

The company also doubled the pace of its capital spending plan and now expects to allocate $100 billion in five to six years instead of spreading it out over a decade as announced before, the report added.

The airport unit secured a $750 million investment last week from a consortium of international banks. Part of the funds will be used to refinance debt of $400 million.

Reuters could not immediately verify the report, and Adani Group did not immediately respond to a request for a comment.

(Reporting by Angela Christy in Bengaluru; Editing by Alan Barona)

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June 11 (Reuters) -

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