Key Points
Less than four months after allegations of fraud by a short seller tipped his business empire into crisis, billionaire Gautam Adani is considering tapping equity markets in a major test of investor confidence...
The company didnt disclose how much money it intends to raise or who its working with on a potential deal...
While the Adani family raised about $1.9 billion selling shares in the conglomerate to US investment firm GQG Partners in early March, none of the groups main units have tapped the equity market since the allegations by Hindenburg Research wiped more than $100 billion from the conglomerates value..
Adani, who became the worlds second-richest person a few months before the Hindenburg report, has denied the short sellers allegations of market manipulation and accounting fraud..
Adani Enterprises was close to completing a 200 billion-rupee ($2.4 billion) stock sale in late January, but pulled the offering after the Hindenburg report tanked the shares...
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