The Adani Group, one of India’s largest conglomerates, has been forced to review its market strategy after calling off a planned share sale.

The Group had planned to raise $2.5 billion by selling shares in its flagship firm, Adani Enterprises Ltd, but the sale was scrapped after the share price tanked.

The move was a major blow to the company’s billionaire chairman, Gautam Adani, who has seen the value of his empire collapse in recent weeks.

The share sale was called off after the Indian stock market suffered a major rout earlier this week.

The Adani Group’s decision to scrap the share sale has been met with criticism from analysts and investors, who have questioned the company’s strategy in the face of a volatile market.

The Group has now said it will review its market strategy and consider alternative options for raising capital.

The news has been met with a mixed response from the markets, with some analysts arguing that the Group’s decision could be a sign of a more cautious approach from the company.

The Adani Group’s share sale cancellation is the latest in a series of setbacks for the Indian tycoon, who has seen his wealth shrink in recent months.

The Group’s decision to review its market strategy is being seen as a sign of a more cautious approach from the company, which could have implications for the Indian stock market in the coming weeks.