Gautam Adani’s crucial USD 2.5 billion (Rs 20,000 crore) share sale achieved a full subscription on Tuesday as investors pumped funds into his flagship Adani Enterprises, despite a scathing short-seller’s report that had pummelled the billionaire’s stocks. As many as 4.62 crore shares were sought as against an offer of 4.55 crore.

Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers was almost fully subscribed, as per BSE data. There was, however, muted response from retail investors and company employees.