Adani's $2.5 billion share sale faces crucial day after rout

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Seven companies in the conglomerate, led by Asia's richest man, saw sharp falls in their values after a Hindenburg Research report flagged concerns about high debt levels and the use of tax havens.

late on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures. It has called the report baseless and said it was considering taking action against Hindenburg., the stock market meltdown has been a dramatic setback for a school-dropout who rose swiftly in recent years to become the world's third richest man, before slipping to rank seventh on the Forbes list last week.

Adani Enterprises has set a floor price of 3,112 rupees per share and a cap of 3,276 rupees for the secondary share sale - well above their close of 2,761.45 rupees on Friday. "I expect that the free fall seen of Friday may abate but recovery back towards a level prior to this fall may be difficult," he added.

 

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No. Can’t do that.

Modi will not resign!

Trump will come back in 2024 US elections likewise Modi will come back in 2024 Indian elections. Vicious & Desperate attempt to malign 3rd richest person company shows wastrel westerners insecurities. Before Biden's exit frm White house USA will become 3rd world country in 2 yrs

Seem like they want a regime change India , The media seems to focus on those who support the current Government.

An strange boom line is over now Govt hds the key for bogus stock market to polish the shine of economics। It's a big shock moment for govt when it is trying to give new budget to country people.... I think it will lead adani to bottom forever Om shanti

all indian companies are run this way...why pick on adani!

ibrahim tatlıses sandıııım

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Adani's $2.5 billion share sale faces crucial day after Indian routSeven companies in the conglomerate, led by Asia's richest man, saw sharp falls in their values after a Hindenburg Research report flagged concerns about high debt levels and the use of tax havens.
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