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Adani $2.5B share sale pushes through amid fraud claims

FILE- People walk past an electronic display featuring news about Adani Group outside the Bombay Stock Exchange building in Mumbai, India, Friday, Jan. 27, 2023. The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, was fully subscribed on Tuesday. The share sale and its success were seen as a crucial test of investor confidence in Adani, whose sprawling empire shed tens of billions of dollars within a week after Hindenburg Research accused the conglomerate of stock market manipulation and fraud. (AP Photo/Rajanish Kakade, File) FILE- Dried branches of a tree stand outside Adani Corporate House in Ahmedabad, India, Friday, Jan. 27, 2023. The closely watched $2.5 billion share sale launched by Asia’s richest man, Gautam Adani, was fully subscribed on Tuesday. The share sale and its success were seen as a crucial test of investor confidence in Adani, whose sprawling empire shed tens of billions of dollars within a week after Hindenburg Research accused the conglomerate of stock market manipulation and fraud. (AP Photo/Ajit Solanki, File)
Adani $2.5B share sale pushes through amid fraud claims