Wednesday, May 10, 2023

Adani Enterprises to weigh stock sale months after Hindenburg turmoil

Adani Enterprises, the flagship company of Indian tycoon Gautam Adani, is considering tapping the equity markets to raise funds. Shares in the conglomerate plunged by over $100bn in value in February after short seller Hindenburg Research alleged fraud, wiping out gains made by the company over the previous 12 months.

from Business News: Latest News on Business, Stock Markets, Financial News, India Business & World Business News https://ift.tt/PJVbhvd

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