Inside the 19-hour meltdown that scuttled Adani Group's $2.5 bn share sale

Adani chose to forgo short-term victory of nailing the follow-on offer to protect his longer-term relationships with marquee investors who otherwise were staring at some embarrassing mark-to-market

A beaming Gautam Adani stood beside Israeli Prime Minister Benjamin Netanyahu on Tuesday, looking relaxed as hundreds of people gathered for the ceremonial signing at the Haifa Port, which the Indian billionaire is co-developing. 
 

The 60-year-old tycoon had reason to be buoyant: last-minute bids had helped the flagship of his ports-to-power empire close a record $2.5 billion share sale despite a searing short seller attack that triggered a stock rout. As he headed home from Tel Aviv at 6:13 pm local time in his Bombardier Global 6500 private jet  — a relatively-new acquisition with super-speedy wireless connectivity — the industrialist