{"id":551631,"date":"2023-02-01T10:27:54","date_gmt":"2023-02-01T04:57:54","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551631"},"modified":"2023-02-01T11:40:52","modified_gmt":"2023-02-01T06:10:52","slug":"gautam-adani-rides-out-storm-as-investors-rally-to-2-5-bln-share-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/gautam-adani-rides-out-storm-as-investors-rally-to-2-5-bln-share-sale\/","title":{"rendered":"Gautam Adani rides out storm as investors rally to $2.5 bln share sale"},"content":{"rendered":"<p>Gautam Adani\u2019s crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65 billion rout in the Indian billionaire\u2019s stocks sparked by a short-seller\u2019s report.<\/p>\n<p>The fundraising is critical for Adani, not just because it will help cut his group\u2019s debt, but also because it is being seen by some as a gauge of confidence at a time when the tycoon faces one of his biggest business and reputational challenges.<\/p>\n<p>Hindenburg Research\u2019s report last week alleged improper use of offshore tax havens and concerns about high debt, which Adani denied, but the subsequent market meltdown has led to a dramatic and sudden fall in his fortunes as he slipped to eighth from third in Forbes rich list rankings.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Gautam Adani\u2019s crucial $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship firm, despite a $65 billion rout in the Indian billionaire\u2019s stocks sparked by a short-seller\u2019s report. The fundraising is critical for Adani, not just because it will help cut his group\u2019s debt, but also because it is being seen by some as a gauge of confidence at a time when the tycoon faces one of his biggest business and reputational challenges. Hindenburg Research\u2019s report last week alleged improper use of offshore tax havens and concerns about high debt, which Adani denied, [&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],"tags":[],"class_list":["post-551631","post","type-post","status-publish","format-standard","hentry","category-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551631","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=551631"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551631\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551631"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551631"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551631"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}