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NEW DELHI, Feb 2 (Reuters) – India’s Adani group shares sank on Thursday after market turmoil pressured the conglomerate to axe an important $2.5 billion inventory provide, deepening its market losses to greater than $100 billion and sparking worries in regards to the potential systemic affect. The withdrawal of Adani Enterprises’ (ADEL.NS) share sale marked … Read more
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NEW DELHI, Feb 1 (Reuters) – Gautam Adani’s flagship agency known as 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 extra off the worth of the Indian tycoon’s shares. The withdrawal of the Adani Enterprises (ADEL.NS) share providing marks a … Read more
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BENGALURU, Feb 1 (Reuters) – Shares in Indian tycoon Gautam Adani’s conglomerate plunged once more on Wednesday as a rout in his firms deepened to $84 billion within the wake of a U.S. short-seller report, with the billionaire additionally dropping his title as Asia’s richest individual. Wednesday’s inventory losses noticed Adani slip to fifteenth on … Read more
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MUMBAI, Jan 31 (Reuters) – Indian billionaire Gautam Adani’s $2.5 billion share sale inched nearer to full subscription on Tuesday as buyers pumped in funds after a tumultuous week for his group through which its shares have been pummeled by a scathing short-seller report. The secondary share sale of flagship Adani Enterprises (ADEL.NS) was subscribed … Read more
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LONDON, Jan 30 (Reuters) – The Premier League is partnering with French fantasy sports activities platform Sorare to promote non-fungible tokens (NFTs), an indication that the sporting world is constant to embrace digital property regardless of the rout in markets. The deal offers Sorare a four-year license to promote digital sports activities playing cards of … Read more
NEW DELHI, Jan 29 (Reuters) – Gautam Adani faces a vital day on Monday together with his flagship firm’s $2.5 billion share sale’s second day of bidding overshadowed by a $48 billion rout within the Indian billionaire’s shares which was sparked by a U.S. quick vendor’s report. Seven listed firms belonging to the Adani conglomerate, … Read more
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Adani points 413-page rebuttal to Hindenburg report U.S. short-seller’s report sparked falls in Adani shares Adani says complies with legal guidelines, essential disclosures Adani CFO assured $2.5 bln share sale will succeed NEW DELHI, Jan 30 (Reuters) – India’s Adani Group issued an in depth riposte on Sunday to a Hindenburg Analysis report that sparked … Read more
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MUMBAI, Jan 28 (Reuters) – A $2.5 billion share sale by India’s Adani Enterprises (ADEL.NS) stays on schedule on the deliberate difficulty value, the corporate instructed Reuters on Saturday, whereas sources mentioned bankers had been contemplating modifications resulting from a market rout within the group’s shares. Bankers on the deal had been contemplating extending the … Read more
MUMBAI, Jan 27 (Reuters) – Shares of India’s Adani Enterprises (ADEL.NS) sank 15% on Friday as a scathing report by a U.S. brief vendor triggered a rout within the conglomerate’s listed companies, casting doubts on how buyers will reply to the corporate’s document $2.45 billion secondary sale. Seven listed firms of the Adani conglomerate – … Read more
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BENGALURU, Jan 25 (Reuters) – Hindenburg Analysis mentioned on Wednesday it held quick positions in India’s Adani Group, accusing the conglomerate of improper intensive use of entities arrange in offshore tax havens and expressing concern about excessive debt ranges. The report, which comes days forward of a $2.5 billion share providing by flagship agency Adani … Read more