The flagship company of India’s Adani Group collected enough investor bids to pull off a large stock sale, advancing its fundraising plans in the face of fraud allegations from a U.S. short seller
The flagship company of India’s Adani Group collected enough investor bids Tuesday to pull off a large stock sale, advancing its fundraising plans in the face of
By Tuesday afternoon in India, a public share offering by Adani Enterprises Ltd. was slightly oversubscribed—indicating that the Mumbai-listed company would be able to complete the deal, which aimed to raise up to $2.5 billion.
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Adani Group: Hindenburg report intended to create false marketIndia's Adani Group said on Sunday that a Jan. 24 report by short seller Hindenburg Research that led to a $48 billion rout in its stock was intended to create a false market to enable the short seller to book gains.
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Growth trajectory of Adani Group's underlying businesses not affected - CFOThe growth trajectory of the underlying businesses of Adani Group has not been affected by the Hindenburg Research report that sparked a $48 billion rout in its stocks, Chief Financial Officer Jugeshinder Singh said on Monday.
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Adani Enterprises shares rise but other group stocks plunge after short-seller attackShares in India's Adani Enterprises rose as much as 9.5% on Monday but those of several other group companies plunged for the third straight day, extending their losses after a U.S. short-seller's report that criticised the group.
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Adani group's market loss swells to $65 billion in short-seller attack aftermathMost Adani group shares extended their sharp falls to Monday as a detailed rebuttal of a U.S. short-seller's criticisms by the Indian conglomerate failed to pacify investors whose market losses have now risen to $65 billion over three days.
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India's Adani Group CFO says stocks rout similar to colonial-era massacreIndia's Adani Group has said a U.S. short-seller's report on the business house was a 'calculated attack' on the country and its institutions while a senior executive has compared a rout of its stocks with a colonial-era massacre.
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Adani Group sheds $68B in value as 413-page rebuttal to short seller falls flatAdani Group’s 413-page rebuttal to allegations of fraud hasn’t convinced investors.
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