{"id":551415,"date":"2023-01-31T11:22:10","date_gmt":"2023-01-31T05:52:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551415"},"modified":"2023-01-31T13:13:28","modified_gmt":"2023-01-31T07:43:28","slug":"adanis-2-5-billion-share-offering-faces-critical-final-day","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adanis-2-5-billion-share-offering-faces-critical-final-day\/","title":{"rendered":"Adani\u2019s $2.5 billion share offering faces critical final day"},"content":{"rendered":"<p>Tuesday marks a critical day for Asia\u2019s richest man Gautam Adani as his flagship firm closes books on a Rs 200-billion ($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. Adani though will be hoping that the funding from Abu Dhabi\u2019s International Holding Co.<\/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 Rs 200-billion ($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":[130,246,137],"tags":[],"class_list":["post-551415","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-times-of-india","category-the-times-of-india"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551415","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=551415"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551415\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551415"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551415"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551415"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}