Adani flagship's $1.3 billion share sale said to start next week

Billionaire Gautam Adani's flagship firm plans to roll out its share sale as early as next week, according to people familiar, marking its return to public equity markets after a scathing short-seller report in 2023 derailed a previous plan, Bloomberg reported.

Adani Enterprises Ltd. is looking to raise about $1.3 billion through a so-called qualified institutional placement and is expected to start the process as early as the week starting Oct. 7, said the people aware of the discussions, who asked not to be identified as the information is not public yet.