Asia's richest man Gautam Adani pulls off record Indian equity sale despite $69 billion wipeout sending shares below offer price

Asia's richest man Gautam Adani pulls off record Indian equity sale despite $69 billion wipeout sending shares below offer price

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Indian billionaire Gautam Adani pulled off a closely watched $2.5 billion equity sale for his flagship company, earning some reprieve after his empire was rocked by allegations of fraud by short seller Hindenburg Research. The offering by Adani Enterprises Ltd. was India’s largest follow-on share…

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