Adani Group says $2.5 billion share sale on track even as bankers mull changes

Adani Group says $2.5 billion share sale on track even as bankers mull changes

IndiaTimes

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A $2.5 billion share sale by India's Adani Enterprises remains on schedule at the planned issue price, the company told Reuters on Saturday, while sources said bankers were considering changes due to a market rout in the group's shares.Bankers on the deal were considering extending the sale or cutting the issue price after shares of Adani plunged following a report from a US short seller, three people familiar with the matter told Reuters on Saturday.

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