Adani Enterprises has shelved a plan to raise as much as 10 billion Indian rupees (US$122 million), Bloomberg News reported on Saturday (Feb 4). The flagship firm of beleaguered Indian billionaire Gautam Adani's business empire had initially planned the public note issuance for last month, and was working
Adani Enterprises has shelved a plan to raise as much as 10 billion Indian rupees , Bloomberg News reported on Saturday .
The flagship firm of beleaguered Indian billionaire Gautam Adani's business empire had initially planned the public note issuance for last month, and was working with Edelweiss Financial Services, AK Capital, JM Financial and Trust Capital.Adani Enterprises in a dramatic reversal on Wednesday, after a rout sparked by a scathing report by United States short-seller Hindenburg Research wiped billions more off the value of the tycoon's stocks., any irregularities in the now-shelved share sale and any possible price manipulation, Reuters reported earlier this week.Edelweiss, AK Capital also did not respond to requests for comment, while JM Financial and Trust Capital could not be reached.
A report by Hindenburg Research last week alleged improper use of offshore tax havens and stock manipulation by the Adani Group.Related:
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