Adani Enterprises Share Sale Is Fully Subscribed on Final Day

The transcript discusses a half-billion dollar share sale by Adani's flagship company, which was fully subscribed despite fraud allegations by Hindenburg Research. These allegations significantly impacted Adani's wealth and company value. However, investor confidence was bolstered by a $400 million investment from IHC. The FPO saw participation from high-profile investors and Indian corporates, though retail investment was limited. The share sale concluded successfully, but the saga is not over, and future developments are awaited.

What event provided temporary relief to Asia's richest man amid allegations of fraud?

• A government bailout

• A merger with another company

• A half-billion-dollar share sale

• A new business venture

What was the financial impact on Adani's conglomerate due to the allegations?

• A loss of over $17 billion

• A gain of $17 billion

• A minor loss of $1 billion

• No significant change

Which company invested $400 million into Adani's follow-on public offer?

• IHC

• BlackRock

• Morgan Stanley

• Goldman Sachs

Who were the primary investors in Adani's FPO?

• Foreign governments

• Government agencies

• High-profile investors and Indian corporates

• Retail investors

What was the final outcome of Adani's share sale?

• It was undersubscribed

• It was fully subscribed

• It was canceled

• It was postponed