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Search resuls for: "M. Sriram Jayshree Pyasi"


2 mentions found


☆ Exclusive: Bankers on Adani $2.5 bln share sale consider delay, price cut after rout
  + stars: | 2023-01-28 | by ( M. Sriram Jayshree Pyasi | M. Sriram | Jayshree Pyasi | ) www.reuters.com   time to read: +3 min
Asked for comment, an Adani Group spokesperson said in an email that the share sale was going "as per schedule", without elaborating. The Adani Group has called the report baseless and said it was considering taking action against Hindenburg. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale. Adani had set a floor price of 3,112 rupees ($38.22) a share and a cap of 3,276 rupees, but Adani Enterprises closed on Friday 2,761.45 rupees. A fourth source said Adani management is also discussing the share sale internally to decide on next steps.
☆ Exclusive: India's Adani says $2.5 billion share sale on track even as bankers mull changes
  + stars: | 2023-01-28 | by ( M. Sriram Jayshree Pyasi | M. Sriram | Jayshree Pyasi | ) www.reuters.com   time to read: +3 min
[1/2] The logo of the Adani Group is seen on the facade of its Corporate House on the outskirts of Ahmedabad, India, January 27, 2023. Adani Group in a statement said: "There is no change in either the schedule or the issue price." The Adani Group has called the report baseless and said it was considering taking action against Hindenburg. Friday's 20% fall in shares of group flagship Adani Enterprises dragged it 11% below the minimum offer price of the secondary sale. The Hindenburg report questioned how the Adani Group used entities in offshore tax havens such as Mauritius and the Caribbean islands.
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