www.livemint.com
Open in
urlscan Pro
2600:1408:ec00:b::1730:cbae
Public Scan
URL:
https://www.livemint.com/Companies/Tu7gXY26hlc5EIpw8XXSdK/Adani-business-revamp-to-unlock-shareholder-value.html
Submission: On December 17 via api from US — Scanned from US
Submission: On December 17 via api from US — Scanned from US
Form analysis 1 forms found in the DOM
<form>
<li class="undefined PLOffersRHSBannerCss_errorBox__TXlcr undefined"><input type="text" name="phone" required="" inputmode="numeric" maxlength="14" class="" value="+91 "><label style="color: rgb(204, 204, 204);">Enter Mobile Number</label></li>
<div class="PLOffersRHSBannerCss_radioOptions__8iC25">
<h4>Employment Type</h4>
<div class="PLOffersRHSBannerCss_radioContainer__WluAm"><label for="salaried"><input type="radio" name="option" id="salaried" value="salaried" checked=""><span class="PLOffersRHSBannerCss_radioLabel__5H5xy"
style="font-weight: 600;">Salaried</span></label><label for="selfEmployedBusiness"><input type="radio" name="option" id="selfEmployedBusiness" value="selfEmployedBusiness"><span class="PLOffersRHSBannerCss_radioLabel__5H5xy">Self-Employed
Business</span></label></div>
</div>
<div class="PLOffersRHSBannerCss_submitButton__3J4Fa"><button type="submit">Apply Now</button></div>
</form>Text Content
SubscribeSign in
E-Paper
S&P BSE SENSEX 80848.18 -900.39 (-1.1%)
NIFTY 50 24432.65 -235.6 (-0.96%)
NIFTY Bank 52959.05 -622.3 (-1.16%)
NIFTY Midcap 100 59421.1 -21.95 (-0.04%)
NIFTY Smallcap 100 19526.05 -5 (-0.03%)
India VIX 14.7275 +0.7075 (5.0464%)
S&P BSE 200 11329.47 -94.8 (-0.83%)
S&P BSE 500 36442.19 -278.15 (-0.76%)
View Market Dashboard
* Home
* Latest News
* Markets
* Market News
* Mark to Market
* Commodities
* Live Blogs
* Cryptocurrency
* IPO
* Stock Markets
* Market Data
* Stock Pages
* Index pages
* Bullion
* Gold
* Silver
* Fuel
* Petrol
* Diesel
* RMC Switchgears shares hit 5% upper circuit on ₹90 crore LOA for 5,000
solar pumps
* Bitcoin soars to $107,000: Will the upward trend sustain? Experts weigh in
* Shares to buy: Riyank Arora of Mehta Equities suggests these four stocks
to buy in short term
* Stock Market Outlook: Banks, IT, FMCG, among six most promising sectors
for investment in 2025, says StoxBox
* Top 5 fertilizer stocks to watch out for pre-budget gains
* Penny stock under ₹5: Integra Essentia board approves amalgamation of GG
Engineering. Details here
* News
* India
* World
* WSJ
* Economist
* News
* US News
* Priyanka Gandhi, women MPs sport ’Bangladesh’ bags amid Palestine bag row:
Watch video
* US-China relations: Beijing calls for reset in bilateral ties under Trump
2.0 administration
* John Abraham birthday: Top movies of the Bollywood action star to watch on
OTT
* Laid OTT release India: Australia’s favourite rom-com now on Indian
platform; Here’s when and where to watch
* US fears military buildup by Turkey signals preparations for incursion
into Syria
* Lawrence Bishnoi has access to cellphones in Sabarmati Jail, claims
gangster’s aide in ‘judicial’ confession: Report
* Premium
* e-paper
* Global Partners
* WSJ
* Economist
* Mint Specials
* Mint Explainers
* Mark to Market
* Long Story
* Mint Primer
* Snapview
* Sections
* Companies
* Technology
* Markets
* Money
* Mutual Funds
* Insurance
* Auto
* Industry
* Personal Finance
* Companies
* Start-ups
* Company Results
* People
* ITC sets January 1, 2025 as effective date for demerger of hotel business
* ‘The Nvidia Way’ review: The hard work of tech mastery
* Indonesia plans to pitch data-center opportunities to Elon Musk
* Auction of Spectrum for Satellite services is technically unfeasible:
Jyotiraditya Scindia Telecom Minister
* Antler India eyes record deals next year in a sign that early-stage
funding may be on recovery path after 2 years
* Aaradhya Disposal Industries files draft papers with NSE Emerge
* Money
* Personal Finance
* Insurance
* Ask Mint Money
* Mutual Funds
* MyMint
* Best 7 credit cards for movie lovers: Get free tickets
* Personal Loan: Can you qualify with a 666 credit score?
* 5 credit cards which offer tempting hotel loyalty programme for frequent
travellers
* 7 instant personal loan mobile apps you can explore in 2025
* Delhi Mukhyamantri Mahila Samman Yojana: Women to get ₹1,000 a month, says
CM Atishi; check eligibility, other details
* UPI credit cards likely to grow massively in next 1-2 years, says Riya
Bhattacharya of Rio Money
* Mint Hindi
* Personal Loan
* Technology
* Gadgets
* Tech Reviews
* App News
* 5G Tech
* Foldable Smartphones
* Apple Watch to get ‘Hypertension Detection’ feature by 2025, suggests Mark
Gurman
* iPhone 17 Air to debut in 2025, foldable Apple devices expected by 2026:
Report
* iOS 18.2 update: Apple adds new Find My feature to help recover lost items
easily. Here’s how it works
* Google launches Gemini 2.0 AI: 5 Things to know
* WhatsApp update introduces 4 new features for audio and video calls
* The Game Awards 2024: GTA 6 crowned ‘Most Anticipated Game’ ahead of
launch. All you need to know
* In Charts
* More
* Election Results 2024
* Opinion
* Auto News
* Sports
* IPL 2025
* IPL 2025 Purple Cap
* IPL 2025 Orange Cap
* IPL 2025 Points Table
* Education
* Tools
* IFSC Code Finder
* Income Tax Calculator
* Mint Lounge
* MintGenie
* Multi-Media
* Videos
* WebStories
* Photo Gallery
* Podcasts
* Explore Mint
* About us
* Print subscription
* Mint Authors
* Privacy Policy
* Terms of Use
* Disclaimer
* Mint code
* Cookie Policy
* Code of ethics
* Subscriber terms of use
* Sitemap
* Contact Us
* Hindustan Times
* Live Hindustan
Hello User
Sign in
Sign Out
My Account
* Subscribe
* My Watchlist
* Newsletters
* Notifications
* My Reads
* For You
View Less -
View More +
Data Insights
* Market Dashboard
* Bullion
* Gold
* Silver
* Fuel
* Petrol
* Diesel
* Commodities
* Gold
* GoldM
* Aluminum
* Menthaoil
* Silver
* SilverMIC
* GoldPetal
* Natural Gas
* Copper
* Zinc
* SilverM
* CrudeOil
* GoldGinuea
* Lead
* CryptoCurrencies
View Less -
View More +
Top Sections
* Today's News
* India News
* World News
* US News Today
* Economy
* Money News
* Personal Finance
* Q&A
* Opinion
* Company Business News
* IPO News
* Start-ups
* Company Results
* Top Company Leader
* Stock Market News
* Stock Markets
* Commodity News
* Mark To Market
* IPO News
* Live Blog
* personal loan
* personal loan emi calculator
* Personal Loan Interest Rate
* Personal Loan Eligibility
* Business Loan
* Instant Loan
* Election Results 2024
* Assembly Elections 2024
* Indian Industry Analysis
* Banking News
* Infotech News
* Infrastructure
* Agriculture
* Manufacturing
* Energy News
* Retail News
* Auto News
* Sports News
* Opinion
* Views
* Columns
* Technology News
* Gadgets
* Tech Reviews
* App News
* Politics News
* Lounge
* Business of Life
* Sports News
* IPL 2025
* IPL Points Table 2025
* IPL 2025 Orange Cap
* IPL 2025 Purple Cap
* IPL Match Today | IPL 2024 Schedule
* Education News Today
View Less -
View More +
Premium Offerings
* e-paper
* WSJ
* Economist
* MyMint
* Mint Premium
View Less -
View More +
Tools and Calculators
* IFSC Code Finder
* Income Tax Calculator
* SIP Calculator
* EMI Calculator
* Home Loan EMI Calculator
* Car Loan EMI
* NPS Calculator
View Less -
View More +
MultiMedia Collections
* Videos
* WebStories
* Photo Gallery
* Podcasts
View Less -
View More +
More From Mint
* Mint Genie
* Mint Lounge
View Less -
Explore Mint
* About Us
* Print Subscription
* Mint Authors
* Terms of Use
* Disclaimer
* Mint Code
* Code of ethics
* Cookie Policy
* Privacy Policy
* Subscriber - Terms of Use
* SITEMAP
* Contact Us
* Mint Apps
View Less -
View More +
Copyright © HT Digital Streams Limited
All Rights Reserved.
ADANI BUSINESS REVAMP TO UNLOCK SHAREHOLDER VALUE
THE GROUP INTENDS TO MOVE TOWARDS A STRUCTURE THAT WILL HAVE FOUR INDEPENDENT,
LISTED ENTITIES FOR FOUR MAJOR BUSINESS SEGMENTS
Maulik Pathak, P.R. Sanjai
Published31 Jan 2015, 01:14 AM IST
Chairman Gautam Adani says the scheme of arrangement will drive next level of
value creation, competency, decision making and would be able to accelerate the
business growth. Photo: Abhijit Bhatlekar/Mint
Ahmedabad/Mumbai: Adani Enterprises Ltd, the holding company of the $9.4 billion
(around ₹ 58,000 crore) Adani Group, on Friday outlined plans for a major
business reorganization aimed at unravelling its corporate structure and
unlocking shareholder value.
The group intends to move away from the holding company structure and move
towards one in which it will have four independent, listed entities for its four
major business segments.
The ports business of Adani Enterprises will be folded into Adani Ports and
Special Economic Zone Ltd and all its power assets will be merged with Adani
Power Ltd as part of the restructuring, the company said.
The power transmission business will be run by Adani Transmissions Ltd, which
the group plans to list on BSE and the National Stock Exchange. The listing of
Adani Transmissions, which has over 5,000 circuit km of power lines in western,
northern and central India, is expected to unlock value.
Adani Mining Pvt. Ltd will be folded into Adani Enterprises.
The rearrangement will provide shareholders of Adani Enterprises direct holding
in the operating companies and is “expected to unlock value for the shareholders
of AEL (Adani Enterprises) by eliminating holding company discount”, the company
said.
After the restructuring, Adani Enterprises will be overseeing businesses
including mining, city gas distribution, edible oils, agro commodity trading and
logistics.
“The scheme of arrangement will simplify corporate structure and is a decisive
step towards unlocking the potential value of the Adani Group companies,” said
Gautam Adani, the billionaire chairman of Adani Group.
“The scheme of arrangement will drive next level of value creation, competency,
decision making and would be able to accelerate the business growth. These
developments and positive macro-economic environment re-affirm our commitment
towards securing infrastructure and energy need of the country,” he added.
Investors cheered the announcement. Shares of Adani Enterprises rose 7.79% to ₹
629.50 each on a day BSE’s benchmark Sensex fell 1.68% to 29,182.95 points.
The restructuring will reduce the ₹ 58,000 crore debt on the books of Adani
Enterprises, officials said. Debt will be proportionately transferred to the
units that will be spun off in the restructuring exercise.
The reorganization will be initiated by 1 April, subject to regulatory and other
approvals. Chairman Adani and the promoter group hold a 75% stake in Adani
Enterprises. The remaining is with the public, with institutions holding 21.2%.
Of the 21.2%, foreign institutional investors hold 18.61%.
Experts said Adani Group’s restructuring is largely in line with a corporate
trend in which large corporations are realigning their businesses to unlock
latent shareholder value.
In the past, Larsen and Toubro Ltd, Grasim Industries Ltd and Vedanta Plc have
carried out similar restructuring exercises. Most recently, Max India Ltd said
it will split into three separate units—life insurance; health and allied
businesses; and manufacturing.
A leading consultant who closely tracks the Adani Group said, on condition of
anonymity, that given the group has a presence in multiple businesses, it was
inevitable that it should spin off various units to sharpen its focus.
“From a promoter perspective, this restructuring will help to increase the
valuations of the holding company and respective demerged companies. For
instance, the port business with Adani Enterprises would not fetch a better
valuation compared to a situation when it is with...Adani Ports. The current
move will clean up the structure and derive maximum valuation for all units,” he
said.
For shareholders, the restructuring exercise is accretive in the long term, he
added. “Shareholders will be getting shares of different companies under the
restructuring and they are not saddled with lower valuations.
Post-restructuring, shareholders will be having the flexiblity to sell out or
stay put, based on the performance of the companies,” he said.
The consultant said the Adani Group can sell shares of the mining firm at a
future date, while the transmission company is likely to get a better valuation
considering its business prospects.
On 26 December 2013, Mint reported that the Adani Group is considering
separating its transmission business and spinning it off into a separate entity,
citing unnamed officials.
The plan is for the separate entity to set up transmission lines across the
country; eventually, it may sell shares to public and list on stock exchanges,
Mint had reported.
Separately, Adani Enterprises said on Friday that fiscal third quarter profit
rose more than sixfold on a consolidated basis.
Consolidated net profit increased to ₹ 444 crore in the three months ended 31
December from ₹ 68 crore in the year-ago quarter. Consolidated revenue increased
by 30% to ₹ 17,850 crore from ₹ 13,739 crore in the same period, it said.
“Our overall performance has improved due to higher contribution from coal,
ports and logistics, and power businesses,” Ameet Desai, executive director and
chief financial officer of the Adani Group, said in a statement.
Catch all the Corporate news and Updates on Live Mint. Download The Mint News
App to get Daily Market Updates & Live Business News.
Business NewsCompaniesAdani business revamp to unlock shareholder value
MoreLess
First Published:31 Jan 2015, 01:14 AM IST
GET INSTANT LOAN UP TO ₹10 LAKH!
Enter Mobile Number
EMPLOYMENT TYPE
SalariedSelf-Employed Business
Apply Now
MOST ACTIVE STOCKS
TATA STEEL SHARE PRICE
147.00
12:51 PM | 17 DEC 2024
-0.9 (-0.61%)
ASHOK LEYLAND SHARE PRICE
232.10
12:51 PM | 17 DEC 2024
-2.65 (-1.13%)
RELIANCE INDUSTRIES SHARE PRICE
1,247.90
12:51 PM | 17 DEC 2024
-20.15 (-1.59%)
ITC SHARE PRICE
473.95
12:51 PM | 17 DEC 2024
3.9 (0.83%)
More Active Stocks
MARKET SNAPSHOT
* Top Gainers
* Top Losers
* 52 Week High
DIXON TECHNOLOGIES (INDIA) SHARE PRICE
19,050.05
12:38 PM | 17 DEC 2024
217.95 (1.16%)
LLOYDS METALS & ENERGY SHARE PRICE
1,156.70
12:38 PM | 17 DEC 2024
7.05 (0.61%)
INFO EDGE INDIA SHARE PRICE
8,849.70
12:32 PM | 17 DEC 2024
43.95 (0.5%)
PAGE INDUSTRIES SHARE PRICE
49,475.00
12:38 PM | 17 DEC 2024
226.55 (0.46%)
More from 52 Week High
SHRIRAM FINANCE SHARE PRICE
3,024.95
12:38 PM | 17 DEC 2024
-110.15 (-3.51%)
HEG SHARE PRICE
562.25
12:38 PM | 17 DEC 2024
-19.3 (-3.32%)
SBFC FINANCE SHARE PRICE
89.07
12:38 PM | 17 DEC 2024
-2.88 (-3.13%)
BLUE STAR SHARE PRICE
2,091.45
12:37 PM | 17 DEC 2024
-67 (-3.1%)
More from Top Losers
QUESS CORP SHARE PRICE
728.60
12:38 PM | 17 DEC 2024
58.15 (8.67%)
CSB BANK SHARE PRICE
325.85
12:36 PM | 17 DEC 2024
18.6 (6.05%)
PIRAMAL PHARMA SHARE PRICE
264.10
12:38 PM | 17 DEC 2024
12.95 (5.16%)
RASHTRIYA CHEMICALS & FERTIL SHARE PRICE
184.95
12:37 PM | 17 DEC 2024
8.5 (4.82%)
More from Top Gainers
TRENDING IN MARKET
* Vishal Mega Mart IPO
* Mobikwik IPO allotment status
* International Gemmological Institute IPO
* Hamps Bio IPO Day 3
* Jungle Camps
* Shares to buy or sell
RECOMMENDED FOR YOU
* Markets
STOCK MARKET CRASH: NIFTY, SENSEX DOWN OVER 1%. WHY IS INDIAN STOCK MARKET
DOWN TODAY? EXPLAINED
Indian equity indices Sensex and Nifty50 fell about 1% on December 17,
influenced by major stocks like Reliance Industries and HDFC Bank. The BSE
Sensex dropped 807 points, while Nifty50 fell 247.75 points, as investors
awaited the US Federal Reserve’s meeting for rate cut signals.
3 min read18 Dec 2024
* Markets
HAMPS BIO IPO DAY 3: LATEST GMP, SUBSCRIPTION STATUS, LISTING DATE, OTHER
DETAILS ABOUT SME IPO
3 min read18 Dec 2024
* Sports
FOLLOW-ON RULES IN CRICKET: WHY IT IS IMPORTANT FOR INDIA TO REACH 246 AT
GABBA IN IND VS AUS 3RD TEST? EXPLAINED
2 min read18 Dec 2024
More Recommendations
GOLD PRICES
* 24K
* 22K
Bangalore
77,895.000.00
Chennai
77,901.000.00
Delhi
78,053.000.00
Kolkata
77,905.000.00
FUEL PRICE
* Petrol
* Diesel
Bangalore
102.92/L0.00
Chennai
101.03/L0.23
Kolkata
105.01/L0.00
New Delhi
94.77/L0.00
POPULAR IN COMPANIES
* Companies
HDFC BANK GETS SEBI WARNING OVER NON-COMPLIANCE, SECOND IN A WEEK
2 min read17 Dec 2024
* Companies
SHANTANU DESHPANDE NET WORTH: CHECK DETAILS OF THE BOMBAY SHAVING’S CEO
HOLDINGS
3 min read17 Dec 2024
More From Popular in Companies
Story Url has been added to your clipboard
HomeMarketsPremiumMint Shorts
Back To Top
DOWNLOAD APP
Download the Mint app and read premium stories
TRENDING STORIES
Vishal Mega Mart IPO allotment status India Vs Australia Test International
Gemmological Institute IPO Inventurus Knowledge Solutions IPO Carraro India IPO
Stocks to buy or sell Tamil Nadu rains Pushpa 2 Collection OTT releases this
week Mobikwik IPO allotment status Livemint Hindi Bank Holidays in Uttar Pradesh
Bank Holidays in Gujarat Bank Holidays in Delhi Bank Holidays in September Bank
Holidays in Jammu And Kashmir Instant Personal Loan Check Credit Score Online
Business Loan Personal Loan Interest Rate Personal Loan Eligibility Personal
Loan EMI Calculator Gold Rate in Delhi Gold Rate in Bangalore Gold Rate in
Chennai Gold Rate in Hyderabad Gold Rate in Mumbai Business Radio - FAB Play
Assembly Election Results Credit Card Nifty 50, Sensex today Stocks to Watch
POPULAR STOCKS
JSW INFRASTRUCTURE share priceR R KABEL share priceCONCORD BIOTECH share
priceIDBI Bank share priceYes Bank share priceAdani Power share priceHUL share
priceIndian Oil share priceVedanta share priceJio Financial Services share
pricePaytm share pricePunjab National Bank share priceCanara Bank share
priceAdani Green Energy share priceIndian Railway Finance Corporation share
priceSuzlon Energy share priceIREDA share priceVodafone Idea share priceOrient
Technologies share pricePremier Energies share priceBajaj Housing Finance Share
PriceGaruda Construction And Engineer share priceHyundai Motor India share price
NIFTY 50 COMPANIES
ADANI ENTERPRISES share priceADANI PORTS share priceAPOLLO HOSPITALS share
priceASIAN PAINTS share priceAXIS BANK share priceBAJAJ AUTO share priceBAJAJ
FINANCE share priceBAJAJ FINSERVE share priceBPCL share priceBHARTI AIRTEL share
priceBRITANNIA share priceCIPLA share priceCOAL INDIA share priceDIVIS
LABORATORIES share priceDR REDDYS LABORATORIES share priceEICHER MOTORS share
priceGRASIM INDUSTRIES share priceHCL TECHNOLOGIES share priceHDFC BANK share
priceHDFC LIFE share priceHERO MOTOCORP share priceHINDALCO INDUSTRIES share
priceHINDUSTAN UNILEVER share priceICICI BANK share priceITC share priceINDUSIND
BANK share priceINFOSYS share priceJSW STEEL share priceKOTAK BANK share
priceLARSEN & TOURBO share priceMAHINDRA & MAHINDRA share priceMARUTI SUZUKI
share priceNTPC share priceNESTLE INDIA share priceONGC share pricePOWER GRID
share priceRELIANCE INDUSTRIES share priceSBI LIFE share priceSBI share priceSUN
PHARMA share priceTCS share priceTATA MOTORS share priceTATA STEEL share
priceTATA CONSUMER share priceTECH MAHINDRA share priceTITAN share priceUPL
share priceULTRATECH CEMENT share priceWIPRO share price
LATEST STORIES
RMC Switchgears shares hit 5% upper circuit on ₹90 crore LOA for 5,000 solar
pumpsSouth Africa Women vs England Women Highlights: England Women lead by 145
runs with 9 wickets remainingITC sets January 1, 2025 as effective date for
demerger of hotel businessPriyanka Gandhi, women MPs sport ’Bangladesh’ bags
amid Palestine bag row: Watch videoMake winters warmer with the best storage
water heaters offering fast heating and energy-efficient performanceIs Google’s
Willow really a ‘wow’ moment for quantum computers?‘The Nvidia Way’ review: The
hard work of tech masteryBitcoin soars to $107,000: Will the upward trend
sustain? Experts weigh inIndonesia plans to pitch data-center opportunities to
Elon Musk5 drinks to lower cholesterol levels
SECTION
* Premium
* Opinion
* News
* Market
* Politics
* Companies
* Money
* Sports
* Mutual Fund
* Industry
* Technology
TOOLS
* IFSC Code Finder
* Income Tax Calculator
* SIP Calculator
* Home Loan EMI Calculator
* Car Loan EMI
* NPS Calculator
DATA PAGES
* Market Dashboard
* Indices
* Top Gainer
* Mutual Funds
* Gold Price
* Silver Price
* Fuel Price
About UsMint AuthorsContact usTerms of UseCode of EthicsPrivacy PolicyRSS
Copyright © 2023 HT Digital Streams Ltd.All Rights Reserved
WAIT FOR IT…
Log in to our website to save your bookmarks. It'll just take a moment.
Yes, Continue