on outstanding U.S. dollar-denominated bonds on Thursday, Reuters reported citing sources.
In New Delhi, opposition lawmakers submitted notices in parliament demanding discussion of the short-seller's report. The cancelled fundraising was critical for Adani, which had said it would use $1.33 billion to fund green hydrogen projects, airports facilities and greenfield expressways, and $508 million to repay debt at some units.
The Adani Group has denied the accusations, saying the allegation of stock manipulation had "no basis" and stemmed from an ignorance of Indian law. It said it has always made the necessary regulatory disclosures.
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Adani market losses snowball to $100 bln on shelved share saleIndia's Adani group shares sank on Thursday after market turmoil forced the conglomerate to axe a crucial $2.5 billion stock offer, deepening its market losses to more than $100 billion and sparking worries about the potential systemic impact.
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Adani's market losses top $100 bln as shelved share sale spooks investorsIndia's Adani Group shares sank after market turmoil forced the conglomerate to axe a crucial $2.5 billion stock offer, deepening its market losses to more than $100 billion and sparking worries about the potential systemic impact GautamAdani when u r cancelling FPO means u all of sudden come to know that money not needed then why initiated FPO? What was to be done with Crores or rupees? Smelling stale? ZeeBusiness CNBC_Awaaz ETNowSwadesh scammers AdaniGroup AdaniEnterprises HindenburgReport
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Indian shares fall as insurance companies drag; Adani Group stocks tumbleIndian shares reversed earlier gains to trade lower on Wednesday, led by a fall in insurance companies after the country's Union budget proposed to limit tax exemptions for insurance proceeds, while Adani Group shares tumbled.
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