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Adani’s share offer gets investor backing despite short-seller report


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NEW DELHI — Indian tycoon Gautam Adani’s $2.5 billion share sale was fully subscribed on Tuesday as investors pumped funds into his flagship Adani Enterprises, despite criticism from a U.S. short-seller’s report that had pummeled the group’s stocks.

The conglomerate has locked horns with Hindenburg Research and on Sunday hit back at the report from last week that flagged concerns about the group’s debt levels and use of tax havens. Adani said it complies with all local laws and has made the necessary regulatory disclosures.

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Here is a list of various stories done by Reuters on the Adani group:


* Adani rides out storm as investors rally behind $2.5 bln share sale

* India chief economic adviser refuses to comment on Adani controversy

* Adani vs Hindenburg: What you need to know

* FTSE Russell says monitoring information on Adani Group over Hindenburg report

* India’s NSE lowers circuit limit to 10% on three Adani firms

* Indian lender PNB has 70 bln rupees exposure to Adani Group -MD

* India’s LIC reviews Adani response to short seller’s allegation

* Malaysia’s Maybank says no financial impact from subscription to Adani’s share offering

* India’s Adani Group CFO says stocks rout similar to colonial-era massacre

* India’s Adani hits back at Hindenburg, insists made full disclosure

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* India’s Gautam Adani: Asia’s richest man in eye of a storm

* Bankers on Adani $2.5 bln share sale consider delay, price cut after rout

* MSCI seeks feedback on Adani Group over Hindenburg report

* India market regulator increases scrutiny of Adani group – sources

* India banks’ exposure to Adani Group is limited – CLSA, Jefferies

* Bill Ackman says Hindenburg’s Adani report ‘highly credible’

* Gautam Adani slips to seventh on rich list after U.S. short seller report

* India’s Adani Group says evaluating action against Hindenburg Research

* Who is behind Hindenburg , the company that is shorting Adani?

* Hindenburg shorts India’s Adani citing debt, accounting concerns; shares plunge (Compiled by Tanvi Mehta; Editing by Savio D’Souza)


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