The Adani Group has called the report baseless and said it was considering taking action against Hindenburg.
Adani had set a floor price of 3,112 rupees a share and a cap of 3,276 rupees, but Adani Enterprises closed on Friday 2,761.45 rupees. At the end of the first day of the share sale, investors, mostly retail, had bid for around 470,160 of the 45.5 million shares on offer, according to Indian stock exchange data.
Who wants to be linked to a company who's business model is bribery, corruption, tax dodging, and hell bent on polluting every inch of the planet?
The response to the FPO seems super underwhelming understandingly. The Hindenburg report messed it up.
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India's Adani kicks off $2.45 billion share sale while under short-seller attackIndia's Adani Enterprises Ltd began a record $2.45 billion secondary share sale for retail investors on Friday, days after the Adani conglomerate - controlled by one of the world's richest men - was attacked by a short seller.
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India's Adani kicks off $2.45 bln share sale while under short-seller attackIndia's Adani Enterprises Ltd began a record $2.45 billion secondary share sale for retail investors on Friday, as a heavy selloff in Adani group companies intensified after an attack by a U.S.-based short seller.
Source: Reuters - 🏆 2. / 97 Read more »
India's Adani begins record share sale as short seller triggers $44 billion routShares of India's Adani Enterprises sank 15% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's listed firms, casting doubts on how investors will respond to the company's record $2.45 billion secondary sale. Good 👍 Indian ENRON.
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India's Adani slammed by $45 billion stock rout, clouding record share saleShares of India's Adani Enterprises sank nearly 20% on Friday as a scathing report by a U.S. short seller triggered a rout in the conglomerate's listed firms, casting doubts on how investors will respond to the company's record $2.45 billion secondary sale.
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India's Adani slammed by $48 bln stock rout, putting share sale at riskShares of India's Adani Enterprises plunged on Friday after a scathing report by a U.S. short seller triggered a selloff in the conglomerate's listed firms, casting doubts on the success of the company's record $2.45 billion secondary share sale. Important to note that world's biggest taxhaven is Delaware, home to most US major companies. Also, not all employees of all companies on the planet have Linkedin accounts. But, yeah, Adani did circular trading, inflating turnover and questionable / wrong accounting. You have to love HindenburgRes, keep them honest fellas. Major investigation coming up, some shares have risen 30x in 4years Similar to Bitcoin rally, out of now where
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India's Adani Group says evaluating action against Hindenburg Research By Reuters*INDIA'S ADANI GROUP SAYS EVALUATING ACTION AGAINST HINDENBURG RESEARCH - 🇮🇳🇮🇳 $WAN will shock the world 🌎🔥 DO NOT REDEEM THE CARD !!!!!!!!!
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