💨 Abstract

Adani Enterprises, the flagship firm of billionaire Gautam Adani, has launched a share sale to institutional investors aiming to raise up to $1.98 billion. The move comes as the company seeks to fund expenses and repay debt, following a scrapped $2.5 billion plan last year due to a short seller report alleging misuse of offshore tax havens and stock manipulation.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖