MINE08

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

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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 …

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

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

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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 …

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