Adani’s Share Sale Overwhelmingly Subscribed as Institutions Invest

  • Adani’s share sale was 85% subscribed by institutions.
  • Adani’s stocks have dropped significantly since a Jan. 24 report from U.S.-based Hindenburg Research raised concerns about high debt levels and the use of tax havens.
  • Cumulative losses are now estimated at $65 billion.
  • Adani has called the report baseless.


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