BENGALURU -- A $2.5 billion share sale by the flagship company in India's Adani Group was fully subscribed on Tuesday, boosted by bids from corporates and foreign institutions on its final day despite the fallout from a short-seller attack on the conglomerate last week.
Adani Group
Adani share issue fully subscribed despite short-seller attack
Foreign investors back secondary sale overshadowed by recent stock plunge
Adani Enterprises successfully raised $2.5 billion in a follow-on share sale despite a torrid few days during which shares in group companies lost $65 billion triggered by a scathing report by Hindenburg Research. © Reuters
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