Adani sails through $2.5b secondary share sale despite Hindenburg report

Adani sails through $2.5b secondary share sale despite Hindenburg report

Adani group chairman Gautam S. Adani. Photographer: Tomohiro Ohsumi/Bloomberg

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 the Indian billionaire’s stocks sparked by a short-seller’s report.

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