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monkeybawz t1_j6n0zbm wrote

Investing in a fraud after it's been revealed to be a fraud? Bernie Madoff should have tried this

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lky94 t1_j6njw62 wrote

Man has Israel port management projects, backing from UAE investment cos, Indian Govt support, Indian major port controls, Australian mining... And the free float is to low, with this kind of power it's almost impossible for any report to make him fall

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monkeybawz t1_j6np3d8 wrote

It's not a pyramid scheme if people keep popping money in

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Dajoey120 OP t1_j6mz7z0 wrote

Why would people subscribe even below the actual rate for the share sale?

“Support for Adani's share sale came even as the flagship's shares closed at 2,973.9 rupees, up nearly 3% but below the lower end of the sale price band of 3,112 rupees.”

Crazy land

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yogeshkumar4 t1_j6nv5gc wrote

Because FPO is offering 4.5mil shares. If you try to buy these many shares off the market, you will never get the liquidity. The retail portion was only subscribed 12%, which makes sense

Adani group has insanely good assets (India's highest capacity port, Australian mines, port terminals in Israel, Australia, among shit load of other things), above all, he has contacts and insane amount of money

Also, the Hindenberg report points out crony capitalism on large scale, don't sprinkles of corporate governance fraud, but nothing to send anything collapsing

If you think having 2sq ft corporate offices in tax havens is fraud, then understand this, those 2sq ft are enough for your wife's boyfriend to fuck both your wife and mom at the same time

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wefarrell t1_j6ol2h8 wrote

They were accused of stock manipulation so maybe it's more stock manipulation?

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parasbyn t1_j6omf01 wrote

Liquidity/disclosures are required for QIB, HNI and big players

Retail won't buy

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Lunar_Horticulture t1_j6n7w2f wrote

Is this going to be a case of ‘unrelated parties’ buying the shares? Who just happen to also be his brother?

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SameCategory546 t1_j6o8zna wrote

ok so i wonder if we can get a dead cat bounce and then more dropping in india. not remotely the same but this reminds me of wealthy investors buying the citigroup dip from 60 to 20 in 2008

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Intelligent-Fig-8989 t1_j6ol0rv wrote

Modi secretly reached out to his Saudi, Israeli friends and fellow oligarchs to bail out Adani.

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