The question now is what Adani will do to prevent the turmoil from getting out of control, especially after the setback with the stock offering, which would have been India’s largest and further raise his global profile. The risk is also that more financial institutions start to scrutinize their exposure to a business empire that sprawls from ports to green energy.
Adani Enterprises’ decision to withdraw its follow-on share sale won’t have any impact on its existing operations and future plans, Adani said in a video Matters escalated on Wednesday with a record 28% plunge in Adani Enterprises. It subsequently abandoned a $2.4-billion follow-on share sale, even though it was fully subscribed with backing from prominent Indian and Gulf investors.
Adani Ports’ 3.375% bond due July 2024 tumbled more than 20 cents on the dollar to 69.75 cents in investment-grade secondary trading, according to Trace data. At least four other Adani Ports bonds hit distressed levels, falling to 69 cents or lower.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
THE FINANCE GHOST: Yes, big tech stopped the headcountMarket estimates suggest nearly 100,000 jobs were cut in 2022 across the tech industry. It’s possible 2023 will dwarf that number, as the tech giants have sent the job market into a frenzy this month, writes FinanceGhost. FinanceGhost
Fonte: FinancialMail - 🏆 20. / 63 Consulte Mais informação »
THE FINANCE GHOST: Yes, big tech stopped the headcountMarket estimates suggest nearly 100,000 jobs were cut in 2022 across the tech industry. It’s possible 2023 will dwarf that number, as the tech giants have sent the job market into a frenzy this month, writes FinanceGhost.
Fonte: FinancialMail - 🏆 20. / 63 Consulte Mais informação »
THE FINANCE GHOST: Yes, big tech stopped the headcountA frenzied hiring spree among the goliaths is finally over, replaced by sweeping layoffs. But don’t think the heady Covid margins are bouncing back any time soon, writes FinanceGhost.
Fonte: FinancialMail - 🏆 20. / 63 Consulte Mais informação »
Fonte: dailymaverick - 🏆 3. / 84 Consulte Mais informação »
Fonte: allafrica - 🏆 1. / 99 Consulte Mais informação »