India: Bankers on Adani $2.5b share sale consider delay, price cut after rout

India: Bankers on Adani $2.5b share sale consider delay, price cut after rout

Adani group chairman Gautam S. Adani. Photographer: Tomohiro Ohsumi/Bloomberg

Bankers on the $2.5 billion share sale of India’s Adani Enterprises are considering extending the sale or cutting the issue price after shares plunged on a U.S. short seller’s report, said three people familiar with the deal.

Bring stories like this into your inbox every day.

Sign up for our newsletter - The Daily Brief
Subscribe to Newsletter