MUMBAI: Less than four months after allegations of fraud by a short seller tipped his business empire into crisis, billionaire Gautam Adani is considering tapping equity markets in a major test of investor confidence.
Adani Enterprises Ltd, the Indian tycoon’s flagship, said in a statement on Wednesday it’s holding a May 13 board meeting to consider selling stock. The company didn’t disclose how much money it intends to raise or who it’s working with on a potential deal.
