A $2.5 billion share sale by Adani Enterprises remains on schedule at the planned issue price, the company told news agency 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 news agency Reuters on Saturday.
Adani Group in a statement said: “There is no change in either the schedule or the issue price.”
