SHARES TUMBLE FURTHER AS ‘RAID’ CONDUCTED AT ADANI WILMAR WAREHOUSE IN HIMACHAL

The officials did not find any irregularities in the operations and dealings conducted by the company, says

Adani Wilmar

First India Bureau

New Delhi: On the day when Adani Enterprises and Adani Ports were among the biggest los-

Gautam Adani ers on the Nifty, one of the top businessman in the country, billionaire Gautam Adani’s FMCG arm - Adani Wilmercame under ‘inspection’ late on Wednesday night when a team of Himachal Pradesh State Excise and Taxation Department raided the Adani Wilmar’s depot warehouse in Parvanoo, wherein the checking for documents continued at the warehouse till late in the night. Turn to P7

ADANI GROUP TO PRE-PAY

$500 MILLION LOAN

Mumbai: The Adani Group plans to prepay a $500 million bridge loan due next month after some banks balked at refinancing the debt following a short seller report that sent the group’s assets tumbling. Barclays Plc, Standard Chartered Plc and Deutsche Bank AG are among banks that lent Adani $4.5 billion to finance the purchase of Holcim Ltd cement assets last year. A portion of that loan is due March 9.

Thursday Tragic

 Seven school children were killed and four severely injured after the auto-rickshaw they were in collided with a truck in Chhattisgarh’s Kanker

SHOCKER SHARE: ADANI ENTERPRISES TOP LOSER

In Adani’s 10-stock pack, flagship entity Adani Enterprises was worst performer as it was locked in a 15% lower circuit limit at `1,834.9. Adani Ports NSE -2.83%, Ambuja Cements NSE -6.98%, Adani Power NSE -5.0%, Adani Transmission NSE -5.0%, Adani Total Gas NSE -5.0% and Adani Green NSE -5.0% - were trading 5% lower each. Adani Wilmar NSE 4.99% was the only stock in the group to be trading on a higher note.

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At least seven workers died while they were cleaning a oil tanker in an oil factory in Peddapuram mandal of Kakinada in AP on Thursday

 A fierce fire broke out in the slum of Gagret subdivision of the Una district in Himachal Pradesh which allegedly killed four minors during the midnight hours of Wednesday.