{"id":551206,"date":"2023-01-31T09:45:53","date_gmt":"2023-01-31T04:15:53","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551206"},"modified":"2023-01-31T10:44:21","modified_gmt":"2023-01-31T05:14:21","slug":"adanis-2-5-bn-fpo-faces-critical-final-day-amid-hindenburg-turmoil","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adanis-2-5-bn-fpo-faces-critical-final-day-amid-hindenburg-turmoil\/","title":{"rendered":"Adani&#8217;s $2.5 bn FPO faces critical final day amid Hindenburg turmoil"},"content":{"rendered":"<p>Tuesday marks a critical day for Asia\u2019s richest man Gautam Adani as his flagship firm closes books on a 200-billion rupee ($2.5 billion) share sale amidst the turmoil triggered by short-seller Hindenburg Research.<\/p>\n<p>Shares of Adani Enterprises Ltd. have plunged about 7% below the floor price set for the follow-on equity sale owing to a broad three-day selloff that\u2019s erased more than $68 billion of market value from Adani Group companies. Overall subscription for the offer, India\u2019s largest follow-on equity sale, stood at just 3% as of end Monday.<\/p>\n<p>That\u2019s caused some analysts following the share sale to be skeptical about whether there will be enough demand under the current terms. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tuesday marks a critical day for Asia\u2019s richest man Gautam Adani as his flagship firm closes books on a 200-billion rupee ($2.5 billion) share sale amidst the turmoil triggered by short-seller Hindenburg Research. Shares of Adani Enterprises Ltd. have plunged about 7% below the floor price set for the follow-on equity sale owing to a broad three-day selloff that\u2019s erased more than $68 billion of market value from Adani Group companies. Overall subscription for the offer, India\u2019s largest follow-on equity sale, stood at just 3% as of end Monday. That\u2019s caused some analysts following the share sale to be skeptical [&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-551206","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\/551206","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=551206"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551206\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551206"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551206"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551206"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}