Record Adani Share Sale Seen Going Through Amid Hindenburg Claim

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International Holding Co., an investment firm which itself is up by almost 28,000% over the past five years, is among those bidding to buy stock in the sale, according to people familiar with the matter. Roughly half the funds raised will go toward expanding Adani’s airport and renewable energy projects, while some 42 billion rupees ($515 million) will be used to pare debt, Adani Enterprises said in its prospectus.