Adani Enterprises Ltd., the main company of Indian billionaire Gautam Adani's group, intends to restart its first-ever public bond issue.

The ports-to-power conglomerate intends to fund up to Rs 600 crore ($72 million), according to a draft prospectus. That is less than the Rs 1,000 crore plan it canceled last year after a market downturn triggered by Hindenburg Research's claims of widespread corporate misconduct.

The business has appointed Trust Investment Advisors, A.K. Capital Services, and Nuvama Wealth Management as lead managers for the offering. 

The Adani Group's return to raising financing through a public offering illustrates its rebound after losing more than $150 billion in market value following the Hindenburg report.

The company initially entered the dollar bond market in March of this year, following the short-seller onslaught. The sale by its solar energy unit, Adani Green Energy Ltd., and allied entities drew bids totaling around USD 2.9 billion, seven times the size of a senior-secured bond offering.