Bill Ackman says banks involved in the Adani Group's $2.5 billion share sale face 'too much liability exposure' and should do more due diligence

• Bill Ackman has said that banks involved in the Adani Group's share sale face too much liability exposure. 
• His comment tracks a report that says bankers are mulling over extending the $2.5 billion sale or cutting the issue price. 
• "I don't see how the bankers for the ⁦[Adani Group] equity offering can allow it to close without doing due diligence," Ackman said. 

Billionaire Bill Ackman has warned that the banks involved in the Adani Group's share sale have too much liability exposure and should carry out a complete due dilligence.