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Jupiter declines to comment on cancelled Adani share offering

Thu, 02nd Feb 2023 11:30

LONDON, Feb 2 (Reuters) - Jupiter Fund Management , an anchor investor in Adani Enterprises' cancelled $2.5 billion share offering, told Reuters on Thursday it had no immediate comment on the deal being withdrawn.

Jupiter was notable as being the sole UK-listed fund manager to back the share offering for the subsidiary of embattled Indian conglomerate Adani Group, which has lost some $100 billion in market capitalisation in recent days following a short seller's report.

Adani Enterprises its $2.5 billion stock offering on Wednesday. (Reporting by Lawrence White; editing by Jason Neely)

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