Adani Enterprises Ltd has shelved a plan to raise as much as 10 billion Indian rupees ($121.65 million), Bloomberg News reported on Saturday.
The flagship firm of Indian billionaire Gautam Adani's empire had planned the public note issuance for January, working with Edelweiss Financial Services Ltd
, AK Capital, JM Financial, and Trust Capital, but activity has now stopped, the report said, citing people familiar with the matter.its $2.5 billion share sale in a dramatic reversal on Wednesday this week, after a rout sparked by a U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.
The Indian markets regulator is already investigating the matter, including the crash in the company's shares, any irregularities in the now-shelved share sale and any possible price manipulation, Reuters
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Adani Enterprises shelves $122 million bond planA US-based short-seller's report last week accused the group of engaging “in a brazen stock manipulation and accounting fraud scheme over the course of decades.”
Consulte Mais informação »
Some of Wall Street's biggest names are exposed to the Adani Enterprises plungeShares of India's Adani Enterprises have plummeted over the past week after the publication of an extensive critical report from U.S. short-seller Hindenburg Research.
Consulte Mais informação »
S&P Dow Jones is knocking Adani Enterprises off its sustainability indexAdani Enterprises will be removed from the Dow Jones Sustainability Indices, effective Feb. 7, S&P said in an announcement.
Consulte Mais informação »
Adani vs Hindenburg: Adani's wealth tanked $52 billion in 6 daysGautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.
Consulte Mais informação »
Adani vs Hindenburg: Adani's wealth tanked $52 billion in 6 daysGautam Adani lost $52 billion in 6 days. That's over 3 times what Sam Bankman-Fried lost in a similar timeframe.
Consulte Mais informação »