Adani Enterprises FPO

Mark Mobius | Adani Debt: Mark Mobius says Adani’s debt pile ‘scared us away’ from share sale

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Mark Mobius | Adani Debt: Mark Mobius says Adani’s debt pile ‘scared us away’ from share sale

Veteran emerging-markets investor Mark Mobius said his firm didn’t participate in .’s stock sale before it was pulled as concerns about the debt of the Indian tycoon’s firms “scared us away.” “We were not interested in Adani companies because they did not meet our investment criteria, particularly as regards to debt,” Mobius said by email … Read more

Banks pocket $12 million in fees in Adani’s mega share sale

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Banks pocket $12 million in fees in Adani’s mega share sale

Investment banks are set to receive about 1 billion rupees ($12 million) in total fees after helping Indian tycoon Gautam Adani pull off a closely watched follow-on share sale, according to people familiar with the matter. The fees are equivalent to around 0.5% of the 200 billion rupees raised in .’s offering, said the people, … Read more