Factbox-Adani's $2.5 billion share offer gets investor backing after tumultuous week

(Reuters) - The secondary share sale of billionaire Gautam Adani's flagship Adani Enterprises was fully subscribed on Tuesday, after a rough week for the Indian group that saw a sharp sell-off in its shares following a scathing short-seller report.

Foreign institutional investors and corporates pumped in funds into the share sale, according to data, while participation by retail investors and Adani Enterprises employees remained low.

Adani has called Hindenburg Research's report a "calculated attack". U.S.-based Hindenburg disclosed last week that it holds short positions in Adani companies and accused the conglomerate of improper use of offshore tax havens, and also flagged concerns about its debt levels.

Below is what some of the investors who subscribed to the follow-on public offer (FPO) - either as anchor investors earlier this month or after the short-seller report - had to say about their exposure to Adani:

Comment

Investors who Investmen

subscribed to t in

Adani's FPO millions

(USD)

Anchor investors

Maybank "There is no financial $250.33

Securities impact" on it as the

subscription to Adani's

offer was fully funded by

client funds

Life Insurance Reviewing Adani response to $36.81

Corporation (LIC) short-seller's allegation.

One source said LIC has no

plans currently to bid for

more.

Other investors

Abu Dhabi "Our interest in Adani $381.17

conglomerate Group is driven by our

International confidence and belief in

Holding Company the fundamentals of Adani

Enterprises Ltd; we see a

strong potential for growth

from a long-term

perspective and added value

to our shareholders."

(Reporting by Bansari Mayur Kamdar in Bengaluru; Editing by Maju Samuel)