{"id":552162,"date":"2023-02-02T12:54:29","date_gmt":"2023-02-02T07:24:29","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552162"},"modified":"2023-02-02T12:54:29","modified_gmt":"2023-02-02T07:24:29","slug":"adani-shares-plunge-after-botched-2-5-billion-share-sale","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-shares-plunge-after-botched-2-5-billion-share-sale\/","title":{"rendered":"Adani shares plunge after botched $2.5 billion share sale"},"content":{"rendered":"<p>India&#8217;s Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, bringing its cumulative market capitalisation losses to $100 billion since last week&#8217;s short-seller attack.<\/p>\n<p>The withdrawal of Adani Enterprises&#8217; share sale marks a dramatic setback for Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years in line with the stock values of his businesses.<\/p>\n<p>Adani on Wednesday called off the share sale as a stocks rout sparked by U.S. short-seller Hindenburg&#8217;s criticisms deepened, despite the offer being fully subscribed on Tuesday. In the fallout of the short-seller&#8217;s attack, Adani has also lost his title as Asia&#8217;s richest man.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Adani group shares plunged on Thursday after the Gautam Adani-led conglomerate shelved a $2.5 billion share sale amid a turbulent market, bringing its cumulative market capitalisation losses to $100 billion since last week&#8217;s short-seller attack. The withdrawal of Adani Enterprises&#8217; share sale marks a dramatic setback for Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years in line with the stock values of his businesses. Adani on Wednesday called off the share sale as a stocks rout sparked by U.S. short-seller Hindenburg&#8217;s criticisms deepened, despite the offer being fully subscribed on Tuesday. In the fallout of the [&hellip;]<\/p>\n","protected":false},"author":44,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,245,148],"tags":[],"class_list":["post-552162","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-power-the-telegraph","category-the-telegraph"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552162","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\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=552162"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552162\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552162"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552162"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552162"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}