{"id":551563,"date":"2023-02-01T09:29:07","date_gmt":"2023-02-01T03:59:07","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551563"},"modified":"2023-02-01T10:39:03","modified_gmt":"2023-02-01T05:09:03","slug":"adani-group-pulls-off-2-5-billion-share-sale-after-jump-in-final-bids","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-group-pulls-off-2-5-billion-share-sale-after-jump-in-final-bids\/","title":{"rendered":"Adani Group pulls off $2.5 billion share sale after jump in final bids"},"content":{"rendered":"<p>Gautam Adani pulled off a closely watched $2.5 billion equity sale for his flagship company, largely thanks to existing shareholders, earning the Indian billionaire some reprieve after his empire was rocked by fraud allegations by short seller Hindenburg Research.<\/p>\n<p>The offering by Adani Enterprises Ltd. was India\u2019s largest follow-on share sale, and was fully subscribed on the final day, aided by a last- minute surge in demand from institutional investors. Interest from retail investors \u2014 who Adani was hoping to attract \u2014 was notably weak.<\/p>\n<p>While the share sale\u2019s completion is a victory for Adani after Hindenburg\u2019s allegations put the offering in doubt, that\u2019s unlikely to fully dispel investor concerns about the conglomerate\u2019s corporate governance.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gautam Adani pulled off a closely watched $2.5 billion equity sale for his flagship company, largely thanks to existing shareholders, earning the Indian billionaire some reprieve after his empire was rocked by fraud allegations by short seller Hindenburg Research. The offering by Adani Enterprises Ltd. was India\u2019s largest follow-on share sale, and was fully subscribed on the final day, aided by a last- minute surge in demand from institutional investors. Interest from retail investors \u2014 who Adani was hoping to attract \u2014 was notably weak. While the share sale\u2019s completion is a victory for Adani after Hindenburg\u2019s allegations put the [&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-551563","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\/551563","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=551563"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551563\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551563"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551563"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551563"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}