MUMBAI, Jan. 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale moved closer to full subscription on Tuesday as investors pumped in cash after a tumultuous week for his group in which the shares were ravaged by a destructive short-seller -report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was 85% underwritten … Read more
NEW DELHI, Jan. 29 (Reuters) – Gautam Adani faces a critical day on Monday as the second day of the $2.5bn share sale of his flagship company was overshadowed by a $48bn price drop in the Indian billionaire’s stock, which was fueled by a report from a US short seller. Seven publicly traded companies belonging … Read more
Adani publishes 413-page refutation of the Hindenburg Report The US short-seller’s report led to declines in Adani shares Adani says complies with laws, necessary disclosures Adani CFO is confident that the $2.5 billion share sale will succeed NEW DELHI, Jan. 30 (Reuters) – India’s Adani Group on Sunday issued a detailed response to a report … Read more
NEW DELHI, Jan. 28 (Reuters) – A security assessment by Indian police in the Himalayan region of Ladakh says there could be more clashes between Indian and Chinese troops along their disputed border there as Beijing ramps up military infrastructure in the region. At least 24 soldiers were killed when the armies of the Asian … Read more
MUMBAI, Jan. 28 (Reuters) – A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) remains on track at its planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes as a result of a market failure in the group’s shares. Bankers on the deal were considering extending the … Read more
MUMBAI, Jan. 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) fell 15% on Friday as a damning report from a US short seller sparked defeat among the conglomerate’s listed companies, casting doubt on how investors will responding to the company’s record $2.45 billion in secondary sales. Seven publicly traded companies of the Adani conglomerate … Read more
/cloudfront-us-east-2.images.arcpublishing.com/reuters/NQG6HV4W7ZNVXK7OUVJ6KOMRI4.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/KYAHC7VHRVM3PBW4EOTAL7Q3O4.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/SUJ3ASNWBRJNROUMZBFZPFQKYI.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/X4FSAQUFFNPGPNFNA6KW3E7N6I.jpg)
/cloudfront-us-east-2.images.arcpublishing.com/reuters/5RCPGPMXWVJZLPNNKC6LBHIJ7A.jpg)