Maybank: ‘No Financial Impact From Picking Up Adani Share Offering’

Maybank does not face any financial impact from its subscription to Adani Enterprises’ share offering, the bank said on Monday (Jan 30).

Subscriptions to Adani Enterprises’ offering were client subscriptions and fully funded by client funds, the bank told Reuters in an emailed statement.

Marquee investors Maybank Securities and Abu Dhabi Investment Authority picked up a stake in Adani Enterprises’ US$2.45 billion (RM10.4 billion) secondary share offering on Wednesday, which coincided with a short-seller report that slammed the shares of Adani group companies.

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