Adani raises $15 bn in equity, debt in comeback strategy after Hindenburg rout
Billionaire Gautam Adani's conglomerate has raised over USD 5 billion in equity and a double of that in debt this year, following a short seller report. The group denied all allegations and reworked its strategy, fueling a comeback that now has the tycoon some USD 36 billion short of where he started the year and two notch and USD 12 billion shy of rival billionaire Mukesh Ambani.
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.
