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Adani pulls through with $2.5 billion share sale amid a stock-market storm sparked by Hindenburg's fraud allegations
1 month ago | By Business Insider
Gautam Adani. Amit Dave/Reuters
Billionaire Gautam Adani successfully completed the $2.5 billion share sale of his flagship company on Tuesday, per Bloomberg.
The stock offering became a crucial confidence test after a short-seller report triggered a massive rout in Adani group stocks.
The sale pushed through thanks to late institutional bids, while retail participation remained weak, according to Bloomberg.
India's embattled Adani Group pulled through with the $2.5 billion share sale of its flagship company even after the conglomerate faced a market rout amid fraud allegations by a short...
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Asia's richest man Gautam Adani pulls off record Indian equity sale despite $69 billion wipeout sending shares below offer price
1 month ago | By Fortune
The largest follow-on share sale in Indian history, $2.5 billion by Adani Enterprises, was fully subscribed on its final day thanks to a last-minute surge.
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