Thursday, 28th September 2023
<To guardian.ng
Search

Adani Enterprises calls off €2.2 billion share sale, citing ‘market volatility’

By France24
03 February 2023   |   11:31 am
The Adani Group conglomerate has seen tens of billions of euros wiped off its market value since a short-seller's report accused it of pulling "the largest con in corporate history" last week. It has now cancelled a €2.2 billion ($2.5 billion) share sale meant to help reduce debt levels. Billionaire founder Gautam Adani maintains that the "fundamentals" of the group are "strong".

Related

7 Apr 2021
Here are a few reasons to pick up a copy of The Guardian on Thursday. Find these stories and much more when you grab a copy of The Guardian on Thursday. ⁣
13 Apr 2021
The World Health Organization has recommended halting sales of live wild animals to avoid transmitting diseases. Australia will not buy J&J vaccine. England starts Moderna rollout. Follow DW for the latest.
8 May 2021
The Egyptian government of President Abdel-Fattah el-Sissi has confirmed reports it is buying 30 Rafale fighter jets. Human rights advocates have voiced concern.
11 Oct 2021
A set of hulking machines from 'Mad Max: Fury road' await a new owner in a Sydney warehouse as a far-out fleet of 13 from the 2015 film goes up for sale.
12 Jan 2022
Japan recently became the first country in the world to sell genome-edited tomatoes. This technology, which alters a crop's genetic information, does not involve adding outside genetic material – unlike with genetically modified foods. Experts claim that some genome-edited foods are healthier than their conventional counterparts. But environment campaigners are calling for more testing to be carried out amid safety concerns. Our correspondents Louis Belin, Rie Fukushima, Yuko Sano and Justin McCurry report.
10 Mar 2022
The British government imposed sanctions on Chelsea owner, Roman Abramovich, after Russia's invasion of Ukraine
1 May 2022
Swiss authorities have approved a plan for pilot testing the sale and use of cannabis for recreational purposes this summer in Basel, joining in on a debate over the pros and cons of selling cannabis legally.
10 Jun 2022
Vaping and e-cigarettes have been banned from sale in Mexico, with expanded restrictions on smoking and vaping on the way.
12 Jun 2022
In a dramatic verdict, EU lawmakers voted to ban the sale of petrol and diesel vehicles by 2035 and rejected a proposal to update the EU’s Emissions Trading System after conservative parties tried to water down targets.
15 Sep 2022
Twitter shareholders have approved Elon Musk's $44 billion offer to buy the social media platform, months after the billionaire tried to back out of the deal. The case will be heard by a US court in October. Meanwhile, a Senate panel has heard explosive testimony about security practices at Twitter. A whistleblower alleges that a Chinese agent was on Twitter's payroll and that management routinely ignored warnings about data security. Also in the show, US inflation hovers near 40-year highs.
13 Nov 2022
German Economy Minister Robert Habeck wants to stop the sale of a chip production plant to a Chinese investor. The Green Party politician has expressed concern about giving China control over key infrastructure.
30 Dec 2022
People in Germany will be allowed to legally purchase fireworks to celebrate New Year's Eve. They had been banned for the past two years to avoid injuries that could overburden hospitals during the COVID pandemic.