The logo of the Adani Group is seen on the facade of one of its buildings on the outskirts of Ahmedabad, India, April 13, 2021. REUTERS/Amit Davebegan 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.in market capitalisation on Wednesday after New York-based Hindenburg Research flagged concerns in a report about debt levels and the use of tax havens.
Adani Enterprises' shares fell nearly 6% to 3,189.55 rupees -- their lowest since mid-October -- in early Mumbai trade on Friday. Indian markets were shut on Thursday for a holiday. Hindenburg said it held short positions in Adani through its U.S.-traded bonds and non-Indian-traded derivative instruments, meaning it is betting that their price would fall.
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