MUMBAI -- The atmosphere was festive at the news conference of Adani Enterprises at South Mumbai's posh Trident hotel on Jan. 19. The flagship company of the Adani Group, India's largest private port and airport operator, was preparing a share sale to raise 200 billion rupees ($2.43 billion). Investment bankers being served vegetarian food and nonalcoholic beverages were confident the sale would be oversubscribed by several times, breaking previous records.


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