Deloitte resigns as auditor of Adani Ports on Aug 12; Adani Ports says grounds advanced for resignation as statutory auditor not convincing or sufficient for such move

Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

MUMBAI, Aug 12 (MeelBijendra) – Deloitte on Saturday resigned as auditor of Adani Ports and Special Economic Zone Limited (APSEZ), India’s largest private port operator and logistics major, amid concerns of an allegation by US-based short-seller Hindenburg Research. On 24 January 2023, US-based short-seller Hindenburg Research disclosed the findings of its 2-year investigation, alleging that … Read more

Adani Ports Approves Tender Offer to Purchase Up to $130 Million in Cash in the Aggregate Principal Amount of the Outstanding 3.375% Senior Notes

Indian billionaire Gautam Adani addresses delegates during the Business Summit in Kolkata

Adani Ports and Special Economic Zone Limited (APSEZ): On Monday, April 24, Adani Ports said the company has launched a cash tender offer for up to US$130 million in the aggregate principal amount of 3.375% senior notes outstanding due 2024. About 39% of Adani Group’s total debt is in foreign currency bonds. Adani Ports is … Read more