Search results
business-standard.com
- Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that started when an American short seller accused the conglomerate of fraud.
People also ask
Why did Adani Enterprises sell its $2.5 billion share?
What happened to Adani Enterprises shares on Tuesday?
Was Gautam Adani's $2.5 billion share sale fully subscribed?
Is Adani Enterprises a short seller?
Feb 1, 2023 · Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that...
Feb 1, 2023 · Adani Enterprises, the flagship of the Indian conglomerate Adani Group, called off its $2.5 billion share sale on Wednesday, citing “market volatility,” a blow to the company and its ...
Feb 1, 2023 · On Wednesday, a day after Adani Enterprises announced it secured full investor subscription to its $2.5 billion follow-on public offering, the embattled group reversed course, issuing a...
- John Hyatt
Jan 31, 2023 · MUMBAI, Jan 31 (Reuters) - Gautam Adani's crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65 billion rout in...
Jan 31, 2023 · Adani Enterprises, the flagship company in the Indian billionaire Gautam Adani’s business empire, raised $2.5 billion from investors on Tuesday in a nail-biting process that had been...
- Alex Travelli
The sale of shares in Adani Enterprises had been intended to raise around $2.5 billion to help reduce debt levels -- which have long been a concern -- and broaden its shareholder base.
Feb 2, 2023 · Indian conglomerate Adani Enterprises called off its $2.5 billion share offering after it lost tens of billions of dollars in market value due to fraud claims by a U.S.-based short-selling firm.