Adani says $2.5 billion share sale on track even as bankers mull changes
1 year, 11 months ago

Adani says $2.5 billion share sale on track even as bankers mull changes

Live Mint  

A $2.5 billion share sale by India's Adani Enterprises remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes due to a market rout in the group's shares. Bankers on the deal were considering extending the sale or cutting the issue price after shares of Adani plunged following a report from a U.S. short seller, three people familiar with the matter told Reuters on Saturday. Seven listed companies of the conglomerate controlled by one of the world's richest men, Gautam Adani, have lost a combined $48 billion in market value since Hindenburg Research on Tuesday flagged concerns about debt levels and their use of tax havens. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale.

History of this topic

Adani Power, Adani Green to Adani Enterprises — Why are Adani group shares skyrocketing? EXPLAINED
Trending News
1 day, 14 hours ago
Adani Wilmar share price falls 8% to hit 52-week low. Here's why
2 days, 19 hours ago
Adani Group to raise ₹7,148 crore from Adani Wilmar stake sale
Trending News
5 days, 14 hours ago
Explained: Why Adani Wilmar share price fell over 9% today
5 days, 19 hours ago
Adani Wilmar stocks recover as share price rises 5% in ealry trade
2 weeks ago
Stock to buy for long-term: Ventura sees 50% upside in this Adani stock over 2 years
2 weeks, 1 day ago
Adani Wilmar share price cracks 8% as Adani Enterprises to exit JV with Wilmar group
2 weeks, 1 day ago
Adani Enterprises Inks Deal With Wilmar International, Firm To Completely Exit Adani Wilmar
Top News
2 weeks, 2 days ago
Adani Enterprises to fully exit Adani Wilmar JV; check details here
2 weeks, 2 days ago
Adani Enterprises to sell entire Adani Wilmar stake in $2 billion deal
Trending News
2 weeks, 2 days ago
Adani Group in early talks with investors, lenders to refinance $1.1 billion green energy arm loans
1 month ago
Shares of 6 Adani Group companies, out of 11 listed, decline in mid-session deals
1 month ago
Why it's a rocky road ahead for Adani Group
1 month, 1 week ago
Adani Group Shares Rally: Adani Ports Leads Gains As Sensex, Nifty Surge
1 month, 1 week ago
Adani Green Energy shares jump 9% in morning trade
1 month, 1 week ago
Adani shares register first weekly gain since Sept. Experts recommend these three stocks to buy
1 month, 2 weeks ago
Adani Power Share Price Today on 29-11-2024: Adani Power share price are down by -1.11%, Nifty up by 0.88%
1 month, 2 weeks ago
Adani Wilmar Share Price Today on 29-11-2024: Adani Wilmar share price are down by -1.08%, Nifty up by 0.92%
1 month, 2 weeks ago
Adani Ent Share Price Today on 29-11-2024: Adani Ent share price are down by -0.72%, Nifty up by 0.78%
1 month, 2 weeks ago
Japanese Banks sticking with Adani as Jefferies, Barclays review ties
1 month, 2 weeks ago
Adani group stocks gain up to 14% for third day in a row: Adani Green Energy , Adani Energy Solutions lead the gains
1 month, 2 weeks ago
Adani Green, Adani Energy Solutions: Why these Adani Group stocks are surging today
Trending News
1 month, 2 weeks ago
CRISIL says no negative actions so far by lenders, investors on Adani following US indictment
1 month, 2 weeks ago
Adani group loans: Indian lenders kick off a review
1 month, 2 weeks ago
Nine Adani Group firms trade higher; Adani Total soars nearly 19%
1 month, 2 weeks ago
Adani Wilmar Share Price Today on 28-11-2024: Adani Wilmar share price are up by 0.51%, Nifty down by -0.73%
1 month, 2 weeks ago
Adani Power Share Price Today on 28-11-2024: Adani Power share price are up by 8.2%, Nifty down by -0.78%
1 month, 2 weeks ago
Adani group shares rise up to 18% for second straight session led by Adani Total Gas. More steam left?
1 month, 2 weeks ago
Abu Dhabi's IHC says its outlook on Adani Group investments is unchanged
1 month, 2 weeks ago
Adani group stocks extend winning streak, rally up to 12% today
Top News
1 month, 2 weeks ago
Adani Total Gas share price jumps 16% in early trade. What's driving the rally?
1 month, 2 weeks ago
Adani Shares Soar As Bribery Allegations Clear; Market Cap Jumps Rs 1.2 Lakh Crore
Top News
1 month, 2 weeks ago
Adani Group firms surge; Adani Total, Adani Power soar nearly 20 pc
1 month, 2 weeks ago
Adani Group Stocks Rebound; Shares Surge Amid Bribery Allegations
Top News
1 month, 2 weeks ago
Adani group stocks surge up to 16% post clarification by Adani Green; Adani Total Gas top gainer
1 month, 2 weeks ago
Lost nearly $ 55 billion since US indictment: Adani Group
1 month, 2 weeks ago
Adani Power Share Price Today on 27-11-2024: Adani Power share price are up by 5.28%, Nifty down by -0.08%
1 month, 2 weeks ago
Adani Group says it lost nearly $55 billion since US indictment: Report
1 month, 2 weeks ago
Sensex, Nifty end higher as Adani stocks rally up to 20%
Trending News
1 month, 2 weeks ago
Adani Group stocks gain up to 17% after clarification on US bribery charge
1 month, 2 weeks ago
Adani Group shares rally after clarification on US bribery charges. Is the worst over?
Trending News
1 month, 2 weeks ago
No money given to Adani so far for Sri Lankan port project, says US development agency
1 month, 2 weeks ago
Adani Total Gas Share Price Today on 26-11-2024: Adani Total Gas share price are down by -1.2%, Nifty down by -0.05%
1 month, 2 weeks ago
Adani Power Share Price Today on 26-11-2024: Adani Power share price are down by -0.66%, Nifty down by -0.09%
Top News
1 month, 2 weeks ago
Adani Group says companies have sufficient liquidity, assures investors about servicing debt obligations
Trending News
1 month, 3 weeks ago
Adani bonds slide to year low as investors and lenders weigh bribery allegations
1 month, 3 weeks ago
Adani Group Stocks Surge Amid Equity Market Rally; NDTV Shares Slip
1 month, 3 weeks ago
Nine Adani group firms climb in early trade; NDTV shares goes lower by 2%
1 month, 3 weeks ago
Adani touts financial muscle, says can grow without external debt
1 month, 3 weeks ago
Adani Ent Share Price Today on 25-11-2024: Adani Ent share price are up by 3.57%, Nifty up by 1.81%
1 month, 3 weeks ago

Discover Related