Bankers are considering extending the closing date or cutting the issue price for the $2.5 billion share sale of India's Adani Enterprises due to a U.S. short seller's report.

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The Adani Group has called the report baseless and is considering taking action against Hindenburg.

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On the first day of retail bidding, the issue was subscribed around 1%, raising concerns over whether it would be able to proceed.

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The other option being considered is lowering the price, with one source saying it could be cut by as much as 10%.

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Title 1

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