Bloomberg Business

Adani Share Sale Bids Rise as Demand Jumps on Last Day

Gautam Adani inched closer to completing his flagship company’s $2.5 billion share sale, a feat that could offer Asia’s richest man some reprieve after his empire was rocked by allegations of fraud by short seller Hindenburg Research.

Adani Rout Continues Despite Key Investor Support

Adani Group’s stock market slump entered its fourth session with losses widening to $74 billion, as a short seller’s fraud allegations continued to haunt the Indian conglomerate despite a show of support from a key investor.

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