Only one Adani Group stock in the green as company begins non-deal roadshow in Paris and London today

Adani Group stocks were trading near the flatline, with Adani Power leading the way, just after markets opened on Monday, January 15.

While Adani Enterprises was down 0.2%, Adani Green was down 0.6%, Adani Ports was down 0.19%, and Adani Wilmar was down 0.98%, shares of Adani Power were up 0.16% at 12.30pm.

The Adani Group is set to hold non-deal roadshows from Monday till Thursday, January 18, NDTV reported. This will be as part of the group's fundraising efforts to support its investment plans.

When a company's management meets investors, to not talk about selling securities, but to simply talk about subjects of common interest such as financial results, company milestones, research and development, guidance, etc, it is called a non-deal roadshow.

American investment bank Jefferies will be organising the non-deal roadshow, which comprises of private meetings between institutional investors and the management of the company.

In-person interactions with institutional investors in Paris and London will also be part of the roadshow, the company said in a stock exchange filing last week, NDTV reported.

Last week, the group chairman Gautam Adani announces an investment of more than Rs 2 lakh crore in Gujarat, largely in building a green energy part that would be visible even from space. The investment will create one lakh jobs, he said.

Earlier this month, the Supreme Court also directed market regulator SEBI to complete the probe in the remaining two matters of the Adani Group within the next three months. India's Apex Court in its judgment said that there is no case made out for a transfer of the case from SEBI to CBI. The bench also said that third-party reports cannot be treated as conclusive proof and that there is no case of conflict of interest made out.