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ContractingUniverse t1_j6pdi83 wrote

The cover-up often causes more damage than the crime. Once the patriotic fervour dies off, people will likely sell out and it'll bleed over time. I was surprised to read that a fair number of foreign institutions are holders. I guess if they want juicy contracts from the government in the future, they'd better show their support for Modi's best buddy.

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HarpyRox OP t1_j6pe90r wrote

I'll correct you. There are no "people" who will sell out. Adani Enterprises barely has Public ownership. And the little bit it has is mostly FIIs (such as Abu Dhabis Investment Corp) NIIs (behemoths such as Reliance) and State Corporations (LIC).

Even in the recent Adani FPO the public portion was massively undersubscribed.

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