Adani Enterprises' $1.3 bn share sale likely next week: Report

Adani Enterprises plans to launch a qualified institutional placement (QIP) to raise $1.3 billion next week, Bloomberg reported. The company had to scrap its $2.5 billion share sale last year after a report by Hindenburg Research accused the Adani Group of fraud. The conglomerate's listed companies had lost over $150 billion in market value after the report.