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What you need to know:Everything You Need to Know About the Fight Between Adani and Hindenburg MarketsAdani Backed by UAE Royals Buying $400 Million in Share SaleIHC subscribes 16% in Adani Enterprises’ follow-on offeringAdani is battling Hindenburg report that triggered stock routAdani Gets Backing as UAE Royals Buy $400 Million in Share SaleByFarah Elbahrawy and Bhuma Shrivastava+FollowJanuary 30, 2023, 11:26 AM UTCUpdated onJanuary 30, 2023, 3:42 PM UTCSign up for our Middle East newsletter and follow us @middleeast for news on the region.Abu Dhabi’s International Holding Co. will invest about $400 million in Adani Enterprises Ltd.’s follow-on share sale, voicing confidence in Indian billionaire Gautam Adani’s business empire after almost $70 billion was wiped off its market value.
