Billionaire businessman Gautam Adani's flagship company may start its share sale plan from next week. This information has been given in a Bloomberg report citing sources. The company had earlier also tried to raise funds from the market, however, due to the impact of the Hindenburg report, this plan could not be completed. Some people associated with this matter said on the condition of anonymity that Adani Enterprises' $1.3 billion share sale plan may start from October 7. This amount is equivalent to about Rs 11 thousand crore.

Another source informed that this share sale plan is getting a strong response among many domestic institutional investors. In the month of May itself, the board of Adani Enterprises had approved raising Rs 16600 crore i.e. $ 2 billion through various means. This also included the sale of shares to institutions. At present, there has been no official statement from the company on this news about the start of the scheme. At the same time, the source said that discussions are still going on on this proposal of share sale and there may be changes in the size and timing of the share sale. Recovery in stock After the Hindenburg report in January 2023, Adani Group's stocks saw a sharp decline and at one time the market value of the group fell by $ 150 billion. In view of this decline, the company had to postpone its $ 2.5 billion share sale plan. However, since then the stock has recovered a lot of decline. Adani Enterprises stock has gained 12 per cent so far this year but is still 7 per cent below its pre-Hindenburg level. The stock closed at 3185 with a gain of 1.6 per cent in Friday's trade.