Indian shares are set to open lower on Thursday after a sustained selloff in Adani group stocks as the group cancelled the secondary share sale of its flagship company Adani Enterprises.
India's NSE stock futures listed on the Singapore exchange were down 0.68% at 17,579 as of 08:06 a.m. IST.the $2.
4 billion follow-on public offering, which was fully subscribed, after a 28% plunge in the company's share price.in the Adani group company shares and looking into possible irregularities in Adani Enterprises' secondary share sale.by 25 basis points and said it had turned a key corner in the fight against high inflation.
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India's Adani Enterprises enters final day of crucial $2.5 billion share saleIndia's Adani Enterprises climbed 2% in early trade on Tuesday, the last day for its $2.5 billion secondary share sale, with all eyes on whether the company can secure enough backing for the offering after a U.S. short-seller's scathing attack.
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Adani Enterprises scraps $2.5 billion stock offering amid scrutiny from short sellerIndian billionaire Gautam Adani’s flagship company reversed course and canceled a share sale of up to $2.5 billion, as it continues to grapple with...
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Indian regulator looking into $86 billion Adani share wipeoutA stock rout saw Gautam Adani slip to 15th on Forbes rich list with an estimated net worth of $75.1 billion, below rival Mukesh Ambani, the chairman of Reliance Industries Ltd who ranks ninth with a net worth of $83.7 billion
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Adani abandons $2.5 bln share sale in big setback to Indian tycoonGautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday as a rout sparked by a U.S. short-seller's criticisms wiped billions more off the value of the Indian tycoon's stocks.
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Exclusive: Indian market regulator examining Adani share rout, source saysIndia's market regulator is examining a recent crash in shares of Adani Group and looking into any possible irregularities in a share sale by its flagship company, a source with direct knowledge of the matter told Reuters on Wednesday.
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Adani abandons $2.5 billion share sale in big blow to Indian tycoonEmbattled Indian billionaire Gautam Adani calls off his flagship company's share sale after a tumultuous week saw his conglomerate shed tens of billions of dollars in market value after claims of fraud from US-based short-selling firm.
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