Adani scraps $2.5 billion share sale as value of his empire collapses

Adani scraps $2.5 billion share sale as value of his empire collapses

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Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that started when an American short seller accused the conglomerate of fraud. The share sale — the largest offering…

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