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Introduction: The rise of China’s investment in Africa has garnered significant attention in recent years, particularly with regard to China’s … Read more
Adani Enterprises Limited, India’s largest listed business incubator, confirmed that its Further Public Offer (FPO) will proceed as planned, with no changes to the schedule or the issue price. The company expressed confidence in the success of the FPO and stated that stakeholders, including bankers and investors, have full faith in the offering.
The Adani Group’s ravenous thirst for debt has been exploited by international investment banks. Currently, their client is charged with committing “the biggest fraud in business history.”
A report by Hindenburg Research, a short seller, grabbed headlines on Wednesday and sent shares of Adani group tumbling. A short seller is one who sells a stock without owning it at the time of trade . a short seller sells a borrowed stock in hopes of making money by buying it back at a cheaper price later.