Shares of the group's flagship company, Adani Enterprises, soared nearly 17% following the announcement. Shares of Adani Ports rose almost 10%, while Adani Green Energy and Adani Transmission both gained 5%. Winning a new foreign investor will provide some much needed respite for Adani. The group shed as much as $110 billion of its market value in the days after a report by US short seller Hindenburg Research, published January 24, alleged fraud and stock manipulation. The fallout spooked some of company's biggest investors, leading Adani to abandon a $2.5 billion share sale last month.