{"id":552253,"date":"2023-02-03T09:31:21","date_gmt":"2023-02-03T04:01:21","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=552253"},"modified":"2023-02-03T10:19:48","modified_gmt":"2023-02-03T04:49:48","slug":"adanis-market-losses-top-100-bn-as-shelved-share-sale-spooks-investors","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adanis-market-losses-top-100-bn-as-shelved-share-sale-spooks-investors\/","title":{"rendered":"Adani&#8217;s market losses top $100 bn as shelved share sale spooks investors"},"content":{"rendered":"<p>India&#8217;s Adani group shares sank on Thursday after it abandoned its flagship company&#8217;s $2.5 billion stock offering, swelling the conglomerate&#8217;s market losses to more than $100 billion and sparking worries about the potential systemic impact.<\/p>\n<p>The withdrawal of Adani Enterprises&#8217; share sale caps a dramatic setback for Gautam Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years but dwindled over the past one week after a U.S.-based short-seller published a critical research report.<\/p>\n<p>The events are an embarrassing turn for Adani who has forged partnerships with foreign giants such as France&#8217;s TotalEnergies and investors such as Abu Dhabi&#8217;s International Holding Company as he pursues a global expansion of businesses that stretch from ports and mining to cement and power.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India&#8217;s Adani group shares sank on Thursday after it abandoned its flagship company&#8217;s $2.5 billion stock offering, swelling the conglomerate&#8217;s market losses to more than $100 billion and sparking worries about the potential systemic impact. The withdrawal of Adani Enterprises&#8217; share sale caps a dramatic setback for Gautam Adani, the school dropout-turned-billionaire whose fortunes rose rapidly in recent years but dwindled over the past one week after a U.S.-based short-seller published a critical research report. The events are an embarrassing turn for Adani who has forged partnerships with foreign giants such as France&#8217;s TotalEnergies and investors such as Abu Dhabi&#8217;s [&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-552253","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\/552253","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=552253"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/552253\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=552253"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=552253"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=552253"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}