Adani Pulls Off $2.5 Billion Offering After Late Bids

The Adani Group successfully filled its order book for a $2.5 billion share sale, despite initial doubts due to allegations from a US short seller. Institutional investors showed strong demand, but retail interest was weak. The market turmoil forced Adani to pledge more shares to cover a $1 billion bank loan. Consequently, Adani's wealth ranking dropped from 4th to 11th globally, with a $35 billion loss in three days.

What was the primary source of demand that helped Adani Group fill its order book for the follow-on share sales?

• Government funding

• Institutional investors

• Retail investors

• Foreign direct investment

What was the main challenge faced by Adani Group in securing a $1 billion loan?

• Regulatory issues

• Market sell-off triggering additional collateral requirements

• Lack of collateral

• High interest rates

How much additional collateral did Adani Group need to pledge due to the market sell-off?

• $400 million

• $300 million

• $200 million

• $100 million

By how many positions did Adani's wealth ranking drop in the global list of wealthiest people?

• 7 positions

• 3 positions

• 10 positions

• 5 positions

Who is Adani's rival in India, mentioned in the context of wealth rankings?

• Ratan Tata

• Mukesh Ambani

• Anil Ambani

• Azim Premji