The focus will now be squarely on the final outcome of the flagship firm’s fundraising exercise, a fresh barometer of investor mood.
Adani Group’s stock market slump entered its fourth session with losses widening to $US74 billion ,continued to haunt the Indian conglomerate despite a show of support from a key investor.
The extended weakness shows that an Abu Dhabi-based investor’s decision to subscribe to Adani Enterprises’ share offer is far from enough to restore confidence following. The focus will now be squarely on the final outcome of the flagship firm’s fundraising exercise, a fresh barometer of investor mood about the ports-to-power conglomerate.
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