ADANIENT

April 1 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• AAHL, BLINKIT LAUNCH INDIA’S FIRST IN-TERMINAL QUICK COMMERCE SERVICE AT MUMBAI AIRPORT- STATEMENT

Source text: [ID:]

Further company coverage: ABUJ.NS

((Reuters.Briefs@thomsonreuters.com;))

March 31 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• INCORPORATED A WHOLLY OWNED SUBSIDIARY NAMELY "ADANI METALS AND MINERALS FZCO" IN UAE

Source text: ID:nBSE5wCw8V

Further company coverage: ADEL.NS

((Reutersbriefs@thomsonreuters.com;))

By Aditi Shah

NEW DELHI, March 20 (Reuters) - Tesla TSLA.O is preparing to enter India's industrial energy storage market, according to a job ad on its website, pitting it against companies controlled by Mukesh Ambani and Gautam Adani as they deepen investment in the sector as the grid shifts to cleaner power.

The new business will also mark Tesla's expansion in India beyond just electric cars, which it started selling in August.

The company already operates a Megapack business in the U.S. and other markets, supplying large-scale energy storage systems for industrial and utility users.

Tesla's new plan was revealed in a job ad on its website, which said it is looking to hire a business development lead in India to "develop and execute a comprehensive market expansion strategy for industrial energy storage solutions".

The candidate will shape its entry into India for "utility-scale energy storage", it added, without elaborating.

Reuters is first to report Tesla's plan. The company did not respond to a request for comment.

Ambani's Reliance RS.N and Adani's group ADEL.NS also have ambitious plans for India's energy storage sector.

India has set a target to reach 500 gigawatts (GW) of non-fossil fuel energy capacity by 2030 from more than 262 GW at the end of 2025. It needs devices that can store energy during off-peak hours, stabilise the grid and reduce carbon emissions.

The government is encouraging companies to invest in storage systems by providing fiscal incentives and is also working on a national roadmap to enable firms to meet the targets.

(Reporting by Aditi Shah, editing by Aditya Kalra and Louise Heavens)

((aditi.shah@tr.com; +91-11-4954 8023, +91-11-3015 8023; Reuters Messaging: twitter: @aditishahsays))

March 19 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES - CONVERSION OF 137.5 MILLION PARTLY PAID-UP SHARES INTO FULLY PAID-UP SHARES

Source text: ID:nBSE9QQVBg

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;))

March 18 (Reuters) -

• ADANI GROUP: MUNDRA PORT WELCOMED THE INDIAN-FLAGGED VESSELS SHIVALIK, CARRYING 46,000 MT OF LPG, AND JAG LAADKI, CARRYING 80,886 MT OF CRUDE OIL

Source text: https://tinyurl.com/hkzz9yex

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;))

March 16 (Reuters) -

• INDIGO AND ADANI AIRPORTS PARTNER TO OFFER INDIGO BLUCHIPS ON DUTY-FREE SHOPPING - STATEMENT

Source text: [Full Story]

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;;))

March 11 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• COMPLETION OF ACQUISITION OF DEFENCE UNIT FROM PUNJ LLOYD LTD BY UNIT

Source text: ID:nBSE4Kj7wN

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;;))

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

• INCORPORATED SUBSIDIARY CORR TOLLWAYS

Source text: ID:nBSE42nK5z

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;;))

March 2 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• KCL HAS DIVESTED ITS ENTIRE 50% STAKE IN PRANEETHA ECOCABLES

Source text: ID:nBSE1WBgwy

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;;))

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

• ADANI ENTERPRISES LTD - ADSTL EXECUTED AN AGREEMENT ON MARCH 1 WITH PUNJ LLOYD AVIATION TO ACQUIRE 14.2% STAKE IN AIR WORKS

Source text: ID:nBSE7jbwtG

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;))

The author is a Reuters Breakingviews columnist. The opinions expressed are his own.

By Shritama Bose and Ujjaini Dutta

NEW DELHI, Feb 23 (Reuters Breakingviews) - The dissonance surrounding India's artificial intelligence dreams came alive at the AI Impact Summit. The five-day confab in New Delhi last week hosted global A-listers from OpenAI CEO Sam Altman to Alphabet's GOOGL.O Sundar Pichai and attracted investment pledges of over $250 billion, including from Reliance Industries RELI.NS and the Adani Group. But the euphoria barely concealed the country's simmering anxieties around the fast-moving technology.

The 500,000 visitors at the shindig focusing on "bridging the global AI divide" included delegates from 118 countries and swarms of college students attending sessions on everything from the creator economy to AI in agriculture and defence. On Saturday, 88 nations and international groupings endorsed the Delhi Declaration, which commits to democratising AI resources.

Yet even as crowds during the week cheered India’s homegrown government-backed answer to OpenAI and DeepSeek, Sarvam AI’s demonstrations of its "extremely frugal" large language models for Indic languages underscored the steep challenge facing most countries seeking to preserve AI sovereignty. Without powerful domestic alternatives, attendees warned, India risks becoming a digital colony of the United States and China.

Also lacking was substantial discussion on job losses from AI. India already struggles to create the 8 million roles it needs each year to absorb new entrants into the workforce. Its vast IT software services industry and role as the world's back office places it at the sharp end of disruption. V Anantha Nageswaran, India's chief economic advisor, at least hinted at the scale of the looming challenge, calling it "a stress test of our state capacity" - a remark that resonates in a country known for weak policy implementation.

The summit also failed to build consensus on who should shoulder the gargantuan task of reskilling a workforce whose future already fuels frequent primetime television debates. Prime Minister Narendra Modi said reskilling must become a mass movement. In private, executives cast it as the government’s problem. Past precedent suggests India Inc will ultimately be forced to share the burden.

The lack of urgency perhaps stems from knowledge that multi-year contracts with global firms will buy outsourcers like Tata Consultancy Services TCS.NS, among India's largest employers, a few years to adapt. In time AI might create more jobs than it destroys, as Reliance's Chair Mukesh Ambani vowed to prove. But that's cold comfort for the swelling ranks of Indian workers caught up in the churn. For now, India has missed a chance to set the agenda for the Global South on this important topic. Hubris was poor cover.

Follow Shritama Bose on LinkedIn and X.

Follow Ujjaini Dutta on LinkedIn and X.

CONTEXT NEWS

The AI Impact Summit 2026 was held at New Delhi from February 16 to 20. The summit attracted 500,000 visitors, 20 heads of government and delegates from 118 countries, India's Ministry of Electronics and Information Technology said on February 20.

(Editing by Una Galani; Production by Aditya Srivastav)

((For previous columns by the authors, Reuters customers can click on BOSE/ shritama.bose@thomsonreuters.com and DUTTA/ ujjaini.dutta@thomsonreuters.com))

Feb 19 (Reuters) - Senior executives from global artificial intelligence firms joined world leaders in India this week for a major AI summit.

Here is a list of all the major deals struck during the India AI Impact Summit in New Delhi.

INDIA'S RELIANCE INDUSTRIES, JIO TO INVEST $110 BILLION

Conglomerate Reliance Industries RELI.NS and its telecom arm Jio will invest $109.8 billion over the next seven years to build artificial intelligence and data infrastructure, its billionaire chairman Mukesh Ambani said on Thursday.

INDIA'S ADANI GROUP TO COMMIT $100 BILLION FOR AI DATA CENTRES THROUGH 2030

The ports-to-power Adani Group said on Tuesday it would invest $100 billion for renewable energy-powered AI data centres by 2035.

Adani said that the investment is expected to trigger an additional $150 billion across related industries, including server manufacturing and sovereign cloud platforms.

Together, this is projected to create a $250 billion AI infrastructure ecosystem in India over the decade, it added.

MICROSOFT TO INVEST $50 BILLION IN 'GLOBAL SOUTH' BY 2030

Microsoft MSFT.O on Wednesday said it is on pace to invest $50 billion by the end of the decade to help expand AI to countries across the 'Global South'.

The firm had unveiled $17.5 billion worth of AI investments in India last year.

INDIAN DATA CENTRE FIRM YOTTA COMMITS $2 BILLION FOR AI HUB

Yotta Data Services said on Wednesday it will build one of Asia's largest AI computing hubs using Nvidia's NVDA.O latest Blackwell Ultra chips, in a project costing more than $2 billion.

INDIAN IT SERVICES EXPORTER TCS SIGNS OPENAI AS DATA CENTRE CUSTOMER

Tata Consultancy Services TCS.NS has signed up ChatGPT parent OpenAI as its first customer for its data centre unit under the global AI infrastructure initiative Stargate, the companies said on Thursday.

INDIA'S L&T, NVIDIA TO BUILD INDIA'S LARGEST AI FACTORY

Infrastructure major Larsen & Toubro LART.NS announced a proposed venture with Nvidia to build AI-ready data centre infrastructure, advanced computing platforms, and ecosystem enablement required to support large-scale AI workloads.

(Reporting by Nandan Mandayam in Bengaluru; Editing by Raju Gopalakrishnan)

((Nandan.Mandayam@thomsonreuters.com; Mobile: +91 9591011727;))

Feb 18 (Reuters) - Ambuja Cements Ltd ABUJ.NS:

• ADANI ENTERPRISES - FEDEX TO DEVELOP FULLY AUTOMATED AIR CARGO HUB AT NAVI MUMBAI AIRPORT WITH LONG-TERM INVESTMENT OF OVER 25 BILLION RUPEES

Source text: [ID:]

Further company coverage: ABUJ.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 17 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - ACQUISITION OF 49% SHAREHOLDING OF SREE VISHWA VARADHI PRIVATE LIMITED BY ADANI ROAD TRANSPORT

Source text: ID:nnAZN4SH482

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;))

Feb 16 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - INCORPORATION OF A WHOLLY OWNED STEP-DOWN SUBSIDIARY BY ADANICONNEX

Source text: ID:nBSE7Y5Qv9

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;;))

Feb 13 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - INCORPORATION OF A UNIT NAVI MUMBAI POWER DISTRIBUTION BY JV ADANICONNEX

Source text: ID:nBSE3Y0Cb2

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;;))

MUMBAI, Feb 12 (Reuters) - India's Adani Airport Holdings has accepted bids worth 15 billion rupees ($165.55 million) for bonds maturing in three years, three bankers said on Thursday.

It will pay a coupon of 8.45%, payable quarterly, and had invited commitment bids for the issue on Wednesday, they said.

The company did not immediately respond to a Reuters email seeking comment.

Here is the list of deals reported so far on February 12:

*Size includes base plus greenshoe for some issues

($1 = 90.6050 Indian rupees)

(Reporting by Dharamraj Dhutia; Editing by Nivedita Bhattacharjee)

((Dharamraj.dhutia@tr.com))

By Arpan Chaturvedi

NEW DELHI, Feb 11 (Reuters) - An Indian court has sentenced a journalist to one year in jail for some of his social media posts on the Adani Group, saying they were unverified, defamatory and portrayed the group in a disreputable light.

Adani Enterprises, led by billionaire Gautam Adani, filed the case in 2021 against India journalist Ravi Nair in a district court in Gujarat, accusing him of making statements suggesting "political patronage... financial irregularities and unethical conduct", according to a Tuesday court order seen by Reuters.

"No documentary material, official record, or verified data has been produced to substantiate the serious allegations made against the complainant company," the court said in its order.

Nair told Reuters he will appeal the conviction but declined to comment further.

The Adani group did not immediately respond to a Reuters request for comment.

Nair's lawyer argued the posts were based on publicly available material and constitute fair comment and criticism, the court order noted.

India is among those countries where criminal defamation is still part of the legal system and carries a maximum jail term of two years.

The law has previously faced opposition from lawyers, journalists and activists, including an unsuccessful legal challenge before India's top court in 2016.

Press freedom group Committee to Protect Journalists said it was "deeply concerned" with the verdict.

"We are closely monitoring the situation," it said on X.

(Reporting by Arpan Chaturvedi; Editing by Aditya Kalra and Kim Coghill)

((Arpan.Chaturvedi@thomsonreuters.com;))

By Tora Agarwala

DHAKA, Feb 10 (Reuters) - China’s influence in Bangladesh, boosted by the 2024 ouster of New Delhi‑aligned leader Sheikh Hasina, is likely to deepen after this week's election, although politicians and analysts say India is too large a neighbour to be sidelined completely.

Bangladesh votes on February 12 and the two frontrunner parties have historically had far cooler ties with India than Hasina did during her uninterrupted 15‑year rule from 2009. Her Awami League party is now banned and she is in self-imposed exile in New Delhi.

Meanwhile, China has stepped up its investment and diplomatic outreach in Dhaka, most recently signing a defence deal to build a drone factory near Bangladesh's border with India.

Chinese Ambassador Yao Wen is often seen meeting Bangladeshi politicians, officials and journalists, according to the embassy's Facebook posts, discussing infrastructure projects worth billions of dollars and other cooperation between the two countries.

“People in Bangladesh see India as complicit with Sheikh Hasina’s crimes,” said Humaiun Kobir, foreign affairs adviser to leading prime ministerial candidate Tarique Rahman of the Bangladesh Nationalist Party (BNP).

“People will not accept building relations or doing business with a country that is harbouring a terrorist and allowing them to destabilise our country.”

Rahman himself has struck a more conciliatory note, telling Reuters last week: "We'll try to have friendship with all countries, but of course, protecting the interests of my people and my country."

Dhaka–Delhi ties have worsened in recent weeks, especially in cricket, the game fervently followed in both countries. A celebrated Bangladeshi bowler was dropped from an Indian Premier League team after pressure from Hindu groups following attacks on the Hindu minority in Bangladesh.

Dhaka retaliated by banning broadcasts of the league, scheduled for March–May. It also asked that its matches for the February-March men's cricket World Cup be moved from India to Sri Lanka, but was dropped from the tournament after the International Cricket Council rejected the request.

Both countries have curtailed entry visas to each other, and publicised engagements between Indian and Bangladeshi officials have been rare since Hasina’s fall. However, Indian Foreign Minister S. Jaishankar met Rahman in Dhaka in December to offer India’s condolences on the death of his mother, former Prime Minister Khaleda Zia.

Bangladesh's interim government has repeatedly and unsuccessfully asked India to extradite Hasina, especially after a Dhaka court late last year sentenced her to death for ordering a deadly crackdown on the uprising. A United Nations report estimated that up to 1,400 people were killed and thousands wounded, although Hasina has denied ordering the killings.

'STEADILY BUILDING INFLUENCE'

Ahead of the election, the BNP and its closest rival, the Islamist Jamaat‑e‑Islami, have accused each other of courting foreign interests, with Jamaat alleging the BNP is too close to India, and the BNP pointing to Jamaat’s historic ties with Pakistan, India's old enemy.

“Not Dilli, not Pindi, Bangladesh before everything,” Rahman, the BNP leader, told a recent rally, referring to New Delhi and Pakistan’s military headquarters in Rawalpindi.

Indian officials have privately acknowledged that with the Awami League out of power, New Delhi must engage whoever forms the next government.

India's foreign ministry did not respond to a request for comment.

China has been Bangladesh’s largest trading partner for more than a decade, with annual bilateral trade hovering around $18  billion and imports of Chinese goods accounting for nearly 95% of the total.

Chinese companies have also invested hundreds of millions of dollars in Bangladesh since Hasina left. Under Hasina, Indian conglomerates, including the Adani Group, expanded their business in Bangladesh, although no new deals have materialised since.

"China is steadily building its influence both in the open and behind the scenes, benefiting from the crisis in India-Bangladesh relations," said Constantino Xavier, a senior fellow at New Delhi think tank Centre for Social and Economic Progress.

"China has also been able to capitalise on declining U.S. engagement and Trump’s tariff war, positioning itself as a more credible and predictable economic partner."

Analysts say Bangladesh is expected to keep strengthening ties with China because it offers more substantial economic incentives, and, unlike Hindu‑majority India, does not get drawn into controversies involving mainly Muslim Bangladesh’s Hindu minority during periods of unrest.

“If Dhaka and New Delhi are unable to get things back on track, there will be more incentive for the next government in Bangladesh to go full steam ahead with Beijing,” said Thomas Kean of the International Crisis Group.

DOES NOT MEAN SEVERING TIES WITH INDIA

Analysts however say deepening engagement with China does not automatically shut out India.

“Bangladesh needs both China and India, and you have to think of it in pragmatic terms,” said Lailufar Yasmin of Dhaka University. “While ties with China may improve, any party that comes to power will not be imprudent enough to ignore India.”

Bangladesh, bordered by India on three sides and the Bay of Bengal to the south, relies on it for trade, transit and security cooperation, while New Delhi needs stable relations with Dhaka to manage its land border. Hasina had helped crack down on anti‑India insurgents based in Bangladesh.

Government data shows annual bilateral trade has remained stable at about $13.5 billion, dominated by Indian sales to Bangladesh, despite the political rupture. Adani has also increased power supplies to Bangladesh in recent months to ease shortages, even though Dhaka has criticised tariffs negotiated under Hasina as too high.

While India helped Bangladesh win independence from Pakistan in 1971, long‑standing grievances include water‑sharing disputes, border killings and resentment over what many Bangladeshis see as India legitimising Hasina’s unpopular rule.

Leaders of the National Citizen Party, a Gen Z‑backed group aligned with Jamaat, have taken a hard line on India.

“It’s not just election rhetoric,” NCP chief Nahid Islam told Reuters. “New Delhi’s hegemony is deeply felt among young people, it’s one of the main issues of the election.”

(Additional reporting by Liz Lee in Beijing and Ruma Paul and Zia Chowdhury in Dhaka; Editing by Krishna N. Das and Raju Gopalakrishnan)

((Krishna.Das@tr.com; https://x.com/krishnadasassam;))

Feb 3 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• Q3 CONSOL NET PROFIT 56.27 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 248.2 BILLION RUPEES

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;;))

.

By Jonathan Stempel

NEW YORK, Jan 30 (Reuters) - The U.S. Securities and Exchange Commission has arranged to serve Gautam Adani with a civil fraud lawsuit, allowing the regulator's case against India's second-richest person to proceed.

In a Friday filing in the Brooklyn, New York federal court, the SEC and U.S.-based lawyers for Adani and his nephew Sagar Adani said the lawyers agreed to accept the SEC's legal papers, eliminating the need for U.S. District Judge Nicholas Garaufis to rule on how the defendants should be served.

If the judge approves the resolution, the Adanis will have 90 days to respond to the SEC's complaint, which could include requests for a dismissal.

Robert Giuffra, a lawyer for Gautam Adani, declined to comment. Sean Hecker, a lawyer for Sagar Adani, also declined to comment.

The SEC charged the Adanis in November 2024 with violating U.S. securities law by orchestrating a scheme to pay or promise to pay hundreds of millions of dollars in bribes to Indian government officials to benefit Adani Green Energy ADNA.NS, where both are executives and directors.

Both defendants are in India, and the SEC had reported difficulty in serving them with legal papers.

U.S. prosecutors filed a related criminal case in November 2024 against the Adanis and several other defendants. There have been no public developments in that case for more than a year. The SEC's case had been stalled for most of that time.

Gautam Adani, 63, founded and chairs the conglomerate Adani Group. He is worth about $59 billion according to Forbes magazine.

(Reporting by Jonathan Stempel; Editing by Hugh Lawson)

Jan 29 (Reuters) -

• ADANI EYES $1.5 BILLION YEN DEBT IN BID TO DIVERSIFY CREDIT MIX - BLOOMBERG NEWS

Source text: [https://tinyurl.com/muj2vve3]

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;))

By Abhijith Ganapavaram

HYDERABAD, Jan 27 (Reuters) - Aviation executives land in Hyderabad for India's biennial air show this week with hopes high of reforms to attract investors as the country's two big airlines battle headwinds.

Although aviation is booming in India, its biggest airline IndiGo is only just recovering from massive disruptions in December, while rival Air India still faces intense scrutiny following a plane crash in June which killed 260 people.

Prime Minister Narendra Modi wants to position India as an aviation hub and "Wings India 2026" will host participants from domestic and foreign airlines, airports, Boeing BA.N and Airbus AIR.PA and air taxi companies.

Analysts and industry executives will be looking for signals from government officials at the show on how India plans to ease airspace congestion in major cities, boost manpower at the aviation regulator to improve oversight and simplify tax rules.

"Further reforms in the civil aviation sector are needed, such as around aircraft leasing, and regulatory clarity in tax matters," said Ajay Kumar, Managing Partner at KLA Legal.

Foreign airlines have long sought greater access to India, arguing that seat caps under bilateral air service agreements limit growth in the world's fastest-growing market.

Meanwhile, aircraft lessors have been saying a draft law on jet repossession is complicated as it requires them to first clear airline taxes and salaries before reclaiming their aircraft from distressed airlines.

IndiGo and Air India have both placed record orders for new aircraft, but faced delivery delays as planemakers Airbus and Boeing both battle supply chain disruptions.

INDIAN AVIATION MINISTER ON DAY ONE

Russia's United Aircraft Corporation and Dassault Aviation AM.PA will take part, the government in New Delhi said on Monday, while Brazil's Embraer EMBJ3.SA will showcase its E2 family of regional aircraft.

Indian billionaire Gautam Adani's group and Embraer on Tuesday announced a tie-up to set up a regional transport aircraft venture in India.

India's aviation minister Ram Mohan Naidu is expected to address hundreds of delegates on Wednesday, the first day of the show, while the CEOs of Etihad Airways, Thai Airways THAI.BK, IndiGo INGL.NS and Air India are also due to speak.

IndiGo is under scrutiny after a spate of mass cancellations in December due to pilot shortages. India's aviation watchdog this month fined it $2.45 million - or 0.31% of its last year's profit, and issued warnings to senior executives.

Air India, owned by Tata Group and Singapore Airlines SIAL.SI, has cut some profitable routes due to an airspace ban imposed by Pakistan on Indian carriers over diplomatic tensions.

The airline is lobbying New Delhi to convince China to let it use a sensitive military airspace zone to shorten routes.

(Reporting by Abhijith Ganapavaram; Editing by Aditya Kalra and Alexander Smith)

((Email: Abhijith.G@thomsonreuters.com; Mobile: +91-9019785574;))

Jan 23 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• UNITS COMPLETES ACQUISITION OF STAKE IN FLIGHT SIMULATION TECHNIQUE CENTRE

Source text: ID:nNSE8RZB3H

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;))

Updates with more details

By Dharamraj Dhutia and Khushi Malhotra

MUMBAI, Jan 21 (Reuters) - State Bank of India's mutual fund unit has committed to pick up at least 10% of Adani Power's ADAN.NS nearly $820 million rupee-denominated bond issue, likely to be launched later this week, three merchant bankers said on Wednesday.

The mutual fund, India's biggest in terms of assets under management, is acting as one of the anchor investors for the issue, with a commitment of 7.50 billion rupees, the bankers said, requesting anonymity as they are not authorised to speak to the media.

The planned 75 billion-rupee issue would be the group's largest-ever rupee bond sale.

SBI Mutual Fund and Adani Power did not respond to email queries.

Adani Power is looking to raise 28.60 billion rupees through a two-year option and 26.90 billion rupees via a three-year note.

SBI MF will buy 4.50 billion rupees and three billion rupees of these papers as the anchor investor, the bankers said.

The Adani unit will pay a coupon of 8.00% and 8.20% on the two- and three-year bonds, and 8.30% and 8.40% on four- and five-year papers.

The remaining 6.75 billion rupees and 12.75 billion rupees will be raised through four- and five-year papers, respectively, the bankers said.

Trust Investment Advisors, ICICI Bank and Axis Bank are the arrangers for the issue.

The lenders have will also back the issue by providing commitments worth 3.31 billion rupees and 3 billion rupees, respectively, the bankers said.

The banks did not reply to an email seeking comment.

The bonds are rated 'AA' by Crisil and India Ratings, with the coupons set to step up by 25 basis points for every notch rating downgrade.

Earlier this financial year, another group company, Adani Ports and Special Economic Zone APSE.NS, raised 50 billion rupees by placing 15-year bonds directly with Life Insurance Corporation of India LIFI.NS.

($1 = 91.5630 Indian rupees)

(Reporting by Dharamraj Dhutia and Khushi Malhotra; Editing by Sonia Cheema)

((Dharamraj.Dhutia@thomsonreuters.com;))

The author is a Reuters Breakingviews columnist. The opinions expressed are her own.

By Shritama Bose

MUMBAI, Jan 15 (Reuters Breakingviews) - China-India ties are beginning to thaw. New Delhi may lift a five-year-old ban on companies from the People's Republic bidding for official contracts to revive commercial ties with its neighbour. That potentially paves the way to further lift curbs on Chinese investments too, but any easing will be capped by both sides.

India is planning to scrap restrictions, imposed after a deadly 2020 border clash, on Chinese bidders in government infrastructure and other projects, Reuters reported on January 8, citing sources. Alongside smoother visa approvals, it signals willingness to reciprocate China's gradual easing of export curbs on rare earth magnets after Indian Prime Minister Narendra Modi's visit to China in September.

The urgency to go further is rising. Net foreign direct investment into the country fell in the year to March 2025, though that is starting to pick up. Even so, strained bilateral ties with Washington mean the $4 trillion economy is grappling with a 50% tariff on exports to the United States, its top trading partner.

Moreover, despite border tensions, India's trade deficit with China has doubled over the last five years to $99 billion for the year ended March 2025. Under the current policy of applying extra scrutiny on Chinese-origin investments, the approval rate is just 15%, a person familiar with the matter told Breakingviews, implying a decent pipeline of investments waiting in the wings.

An easy place to start would be in manufacturing. Local smartphone operations from Apple AAPL.O to Xiaomi 1810.HK, for example, rely on mostly low-tech machinery, chips, displays, batteries and other inputs imported from China. Allowing some of those suppliers to set up factories in India makes sense. The same is true for textiles and plastics.

Yet trust issues persist. New Delhi is unlikely to open the floodgates in strategic sectors where it wants to protect its own domestic firms. In solar power, Adani Enterprises ADEL.NS has invested huge sums but remains highly dependent on Chinese panel makers. That might open a door for firms like JinkoSolar JKS.N and Longi Green Energy 601012.SS to establish a toehold in the market.

But in other areas like electric vehicles, India's appetite for Chinese investments will reach its limits. The $120 billion BYD 002594.SZ is hoping to manufacture in India but faces opposition from established groups like Mahindra & Mahindra MAHM.NS and Tata Motors Passenger Vehicles TAMO.NS.

Officials might demand BYD build its marques and batteries from scratch locally, potentially in partnership with an Indian group. That would require a degree of technology transfer that Chinese firms are unlikely to agree to: Bloomberg reported on Monday, citing sources, that Reliance Industries RELI.NS has paused plans to build lithium-ion batteries after it failed to license technology from Xiamen Hithium Energy, which the Indian group denies.

India's courting of Chinese capital only goes so far.

Follow Shritama Bose on LinkedIn and X.

CONTEXT NEWS

India's Ministry of Finance plans to scrap five-year-old restrictions on Chinese firms bidding for government contracts, Reuters reported on January 8, citing two unnamed official sources.

New Delhi is weighing a proposal to exempt offshore investments for holdings of up to 26% in local companies from additional screening requirements introduced in 2020, Mint newspaper reported on January 1, citing two unnamed people familiar with the matter. The exemption will apply as long as the foreign entity exercises no management control and holds no seat on the company’s board, the report added.

(Editing by Robyn Mak; Production by Ujjaini Dutta)

((For previous columns by the author, Reuters customers can click on BOSE/shritama.bose@thomsonreuters.com))

Jan 7 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES - BOARD APPROVED EARLY CLOSURE OF NCD ISSUE ON JANUARY 8, 2026

Source text - https://bit.ly/3LeFb4F

Further company coverage: ADEL.NS

((Reuters.Briefs@thomsonreuters.com;))

By Khushi Malhotra

MUMBAI, Jan 6 (Reuters) - Adani group's flagship company saw strong demand for its third public bond issue, with the offering oversubscribed on launch day, two people aware of the deal said on Tuesday.

Adani Enterprises ADEL.NS had planned to raise 10 billion rupees ($110.86 million) through the sale of two-, three- and five-year bonds. The issue opened for subscription earlier in the day, receiving bids worth more than double the issue size as of 4:30 p.m. IST, the sources said.

The two sources are directly involved with the deal and requested anonymity as they are not authorised to speak to the media. Subscription will likely end before the slated January 19 date it was originally slated to close on, they said.

Corporates led demand for the issue, oversubscribing their allotment more than 4 times, followed by high net-worth individuals and retail investors, both bidding more than 1.4 and 1.5 times their earmarked size, the sources added.

The sale marks Adani Enterprises' third public issue. It last raised 10 billion rupees via a public bond issue in July 2025 across two-, three- and five-year tranches, after its first such issuance in September 2024.

In total, Indian firms issued 34 public bonds in 2025, raising an aggregate of 72.56 billion rupees.

Adani Enterprises will pay an annual coupon of 8.60%, 8.75% and 8.90% to investors on two-year, three-year and five-year notes respectively. The bonds have an option of paying coupons on a quarterly or cumulative basis.

Nuvama Wealth Management, Trust Investment Advisors and Tip Sons Consultancy Services are the lead managers for the issue.

Adani Enterprises did not immediately respond to a Reuters request for comment.

($1 = 90.2000 Indian rupees)

(Reporting by Khushi Malhotra; Editing by Ronojoy Mazumdar)

((khushi.malhotra@thomsonreuters.com,))

Jan 3 (Reuters) - Adani Enterprises Ltd ADEL.NS:

• ADANI ENTERPRISES LTD - ROAD TRANSPORT TO BUY 49% STAKE IN SVVPL

Source text: ID:nNSEc14DCx

Further company coverage: ADEL.NS

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