Why India’s billionaires banded together for Gautam Adani

That’s one explanation for how Indian tycoon Gautam Adani’s $2.5 billion share sale scraped through. No doubt the heavy lifting was done by a $400 million check from Abu Dhabi. But that was along expected lines — the Middle East royals have backed Adani in the past, too. The bigger surprise is how the other uber-rich came to the last-minute defense of their compatriot in the crosshairs of an American short seller.

Disclaimer : Mytimesnow (MTN) lets you explore worldwide viral news just by analyzing social media trends. Tap read more at source for full news. The inclusion of any links does not necessarily imply any endorsement of the views expressed within them.