{"id":550727,"date":"2023-01-30T09:58:47","date_gmt":"2023-01-30T04:28:47","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=550727"},"modified":"2023-01-30T10:36:14","modified_gmt":"2023-01-30T05:06:14","slug":"gautam-adanis-2-5-bn-share-sale-faces-crucial-day-after-rout-in-stocks","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gautam-adanis-2-5-bn-share-sale-faces-crucial-day-after-rout-in-stocks\/","title":{"rendered":"Gautam Adani&#8217;s $2.5 bn share sale faces crucial day after rout in stocks"},"content":{"rendered":"<p>NEW DELHI (Reuters) -Gautam Adani faces a critical day on Monday with his flagship company&#8217;s $2.5 billion share sale&#8217;s second day of bidding overshadowed by a $48 billion rout in the Indian billionaire&#8217;s stocks which was sparked by a U.S. short seller&#8217;s report.<\/p>\n<p>Seven listed companies belonging to the Adani conglomerate, which is led by Asia&#8217;s richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens.<\/p>\n<p>Adani Group issued a detailed response late on Sunday, saying it complies with all local laws and had made necessary regulatory disclosures. It has called the report baseless and said it was considering taking action against Hindenburg.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>NEW DELHI (Reuters) -Gautam Adani faces a critical day on Monday with his flagship company&#8217;s $2.5 billion share sale&#8217;s second day of bidding overshadowed by a $48 billion rout in the Indian billionaire&#8217;s stocks which was sparked by a U.S. short seller&#8217;s report. Seven listed companies belonging to the Adani conglomerate, which is led by Asia&#8217;s richest man, saw sharp falls in their values after Hindenburg Research report last week flagged concerns about high debt levels and the use of tax havens. Adani Group issued a detailed response late on Sunday, saying it complies with all local laws and had [&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-550727","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\/550727","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=550727"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/550727\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=550727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=550727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=550727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}