
Adani chose to forgo the 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 losses on the sums they had committed.
from Stocks-Markets-Economic Times https://economictimes.indiatimes.com/markets/stocks/news/inside-the-19-hour-meltdown-that-junked-adanis-share-sale/articleshow/97595484.cms
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