{"id":550266,"date":"2023-01-27T10:37:56","date_gmt":"2023-01-27T05:07:56","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550266"},"modified":"2023-01-27T12:12:32","modified_gmt":"2023-01-27T06:42:32","slug":"adani-enterprises-kicks-off-2-45-bn-share-sale-amid-short-seller-attack","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-enterprises-kicks-off-2-45-bn-share-sale-amid-short-seller-attack\/","title":{"rendered":"Adani Enterprises kicks off $2.45 bn share sale amid short-seller attack"},"content":{"rendered":"<p>MUMBAI (Reuters) &#8211; India&#8217;s Adani Enterprises Ltd began a record $2.45 billion secondary share sale for retail investors on Friday, days after the Adani conglomerate &#8211; controlled by one of the world&#8217;s richest men &#8211; was attacked by a short seller.<\/p>\n<p>Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens. Adani Group dismissed the report as baseless.<\/p>\n<p>Adani Enterprises, the flagship company of a conglomerate led by world&#8217;s fourth-richest man, Gautam Adani, aims to use the share sale proceeds for capital expenditure and to pay debt. The anchor portion of the sale saw participation from investors including the Abu Dhabi Investment Authority on Wednesday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MUMBAI (Reuters) &#8211; India&#8217;s Adani Enterprises Ltd began a record $2.45 billion secondary share sale for retail investors on Friday, days after the Adani conglomerate &#8211; controlled by one of the world&#8217;s richest men &#8211; was attacked by a short seller. Adani Group firms lost $11 billion in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens. Adani Group dismissed the report as baseless. Adani Enterprises, the flagship company of a conglomerate led by world&#8217;s fourth-richest man, Gautam Adani, aims to use the share sale proceeds [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-550266","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=550266"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550266\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}