Indian tycoon Gautam Adani has abandoned a $2.5 billion fundraising effort in his latest setback following a short seller attack on his business empire

• Indian tycoon Gautam Adani pulled a $2.5 billion share sale for Adani Enterprises on Wednesday.
• Shares in Adani Group companies have lost $92 billion in market cap since a US short seller's fraud allegations.
• Adani himself has lost nearly $50 billion in net worth from the stock rout so far this year.

Indian business tycoon Gautam Adani pulled a $2.5 billion share sale on Wednesday after shares in his flagship Adani Enterprises extended massive losses following a short seller attack.