Skip to content
Sign In Subscribe
Financial Times — Business — Investment — Monetary Policy — Economics — Inflation

Adani Enterprises calls off $2.4bn share sale

Adani Enterprises has called off its $2.4bn equity fundraising. The sell-off in Adani’s listed companies has wiped more than $90bn off the value of the group. Adani sought to enlist some of India’s leading tycoons to help salvage the share sale.

1 min read
  • Adani Enterprises has called off its $2.4bn equity fundraising.
  • The sell-off in Adani’s listed companies has wiped more than $90bn off the value of the group since Hindenburg Research alleged last month.
  • Adani sought to enlist some of India’s leading tycoons to help salvage the share sale.
  • Adani will effectively return about $1.25bn, the cash transferred by backers so far.
  • India’s financial regulator is examining the crash in Adani shares since the short seller allegations and any potential irregularities in the share sale.
Adani Enterprises calls off $2.4bn share sale
Indian group says ‘unprecedented situation’ and market volatility behind its decision
Financial TimesBenjamin Parkin

More in Investment

More in Business

More from Financial Times

Latest