Adani’s securities have caught the attention of investors sitting in search of opportunities. The sharp fall in Adani’s shares and the slowdown in debt pushed some bonds down as well. This attracted the attention of clients of the largest Wall Street banks. The short-selling research firm Hindenburg has targeted the Indian billionaire at a time when it launched an equity sale for the group’s flagship Adani Enterprises Ltd.

Adani’s securities have caught the attention of investors sitting in search of opportunities. The sharp fall in Adani’s shares and the slowdown in debt pushed some bonds down as well. This attracted the attention of clients of the largest Wall Street banks. The short-selling research firm Hindenburg has targeted the Indian billionaire at a time when Adani Enterprises Ltd, the group’s lead promoter, launched an equity sale.

Some knowledgeable people, on the condition of anonymity, told that Goldman Sachs traders have told the debt of Adani Ports that they have enough cash in hand to completely refinance their bonds. Cash is also available for trade. He also hoped that the entity would be able to attract equity investors and refinance its bonds with the possibility of selling assets.
A Goldman Sachs spokeswoman declined to comment on the client call.

Goldman said it traded about $170 million of Adani bonds on Thursday before the call, attracting interest from global funds and distressed investors outside Asia seeking early-stage debt, the people said.
Bonds of firms related to Adani plunged to crisis levels after the firm canceled a $2.4 billion offer on Wednesday even though it had secured funds from the Middle East and India.

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