INDGWH – Good Info

Adani Market Loss Snowball to $100 Billion in Shelved Stock Selling

NEW DELHI (Reuters) – Shares of India’s Adani Group plunged on Thursday after market turmoil forced the conglomerate to abandon a significant $2.5 billion share offer, deepening its market losses to more than $100 billion and raising concerns about the potential systemic impact. The withdrawal of Al-Adani Company (ADEL.NS) The share sale was a dramatic …

Adani Market Loss Snowball to $100 Billion in Shelved Stock Selling Read More »

Hindenburg’s bet against Indian company Adani baffles short-selling rivals in the US

Leave a Comment / Business / By Niko

Feb 1 (Reuters) – When Hindenburg Research revealed a short position in the Adani Group last week, some US investors said they were intrigued by the actual mechanics of trading it, because Indian securities rules make it difficult for foreigners to bet on companies there. The Hindenburg bet has been profitable so far. Its allegations, …

Hindenburg’s bet against Indian company Adani baffles short-selling rivals in the US Read More »

India's Adani has been criticized for losing $45 billion in shares, which has clouded a record share sale.

Adani forgoes selling shares worth $2.5 billion in a huge blow to the Indian businessman

Leave a Comment / Business / By Niko

NEW DELHI (Reuters) – Gautam Adani’s parent company canceled the sale of its $2.5 billion shares in a dramatic reversal on Wednesday after criticism of short sellers in the United States wiped billions more from the value of the Indian tycoon’s shares. The withdrawal of Al-Adani Company (ADEL.NS) The share offer is a stunning setback …

Adani forgoes selling shares worth $2.5 billion in a huge blow to the Indian businessman Read More »

Gautam Adani is no longer the richest person in Asia as shares have deepened to $74 billion

Leave a Comment / Business / By Niko

BENGALURU (Reuters) – India’s Gautam Adani lost the title of Asia’s richest man on Wednesday, as his group’s shares plunged to $74 billion after a short-selling report. A report by Hindenburg Research last week alleged improper use of offshore tax havens while raising concerns about the high debt and valuations of seven Adani-listed companies. And …

Gautam Adani is no longer the richest person in Asia as shares have deepened to $74 billion Read More »

The sale of Adani's $2.5 billion shares faces a critical day after defeat

85% of Adani’s significant share sale is underwritten while institutions are injecting cash

Leave a Comment / Business / By Niko

MUMBAI (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion sale came close to being fully subscribed on Tuesday as investors poured cash after a turbulent week for his group, in which its shares plunged due to a scathing short-selling report. Sell secondary stock to Adani Enterprises (ADEL.NS) It was 85% subscribed on Tuesday, including the …

85% of Adani’s significant share sale is underwritten while institutions are injecting cash Read More »

The sale of Adani’s $2.5 billion shares faces a critical day after defeat

Leave a Comment / Business / By Niko

NEW DELHI (Reuters) – Gautam Adani faces a critical day on Monday as the auction day of the $2.5 billion sale of shares of his flagship company is overshadowed by a $48 billion drop in the Indian billionaire’s shares, which was triggered by a US short seller’s report. . Seven listed companies belonging to the …

The sale of Adani’s $2.5 billion shares faces a critical day after defeat Read More »

Adani replied to the Hindenburg, saying that he had submitted all that had been revealed

Leave a Comment / Business / By Niko

Adani issued a 413-page rebuttal to the Hindenburg Report The short selling report in the US triggered a drop in Adani shares Al-Adani says he adheres to the laws, and the necessary disclosures Adani CFO is confident of the success of the $2.5 billion share sale NEW DELHI (Reuters) – India’s Adani Group on Sunday …

Adani replied to the Hindenburg, saying that he had submitted all that had been revealed Read More »

Exclusive: India’s Adani says $2.5 billion share sale on track even as bankers contemplate changes

Leave a Comment / Business / By Niko

MUMBAI (Reuters) – A$2.5 billion sale of shares in India’s Adani Enterprises (ADEL.NS) The company told Reuters on Saturday it was still on schedule with the scheduled issue price, while sources said bankers were considering changes due to the market slump in the group’s shares. Three people familiar with the matter told Reuters on Saturday …

Exclusive: India’s Adani says $2.5 billion share sale on track even as bankers contemplate changes Read More »

India’s Adani has been criticized for losing $45 billion in shares, which has clouded a record share sale.

Leave a Comment / Business / By Niko

MUMBAI (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) It sank nearly 20% on Friday as a scathing report from a US short seller triggered a rout in the conglomerate’s listed companies, casting doubt on how investors will respond to the company’s record $2.45 billion in secondary sales. Seven companies included in the Adani Group …

India’s Adani has been criticized for losing $45 billion in shares, which has clouded a record share sale. Read More »

The Hindenburg sells complaints by India’s Adani Group, citing debt and accounting concerns

Leave a Comment / Business / By Niko

BENGALURU (January 25) (Reuters) – Hindenburg Research said on Wednesday it had held short positions in India’s Adani Group, accusing the group of improperly extensive use of entities set up in offshore tax havens and expressing concern about high debt levels. The report that comes days before a $2.5 billion Share offering by flagship company …

The Hindenburg sells complaints by India’s Adani Group, citing debt and accounting concerns Read More »