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Adani Enterprises, which is facing a crucial test this week with a follow-on share offering, rose 4%, but was off initial gains of as much as 10% and significantly below the offer price.Adani, led by Asia's richest man Gautam Adani, has locked horns with Hindenburg Research and on Sunday hit back at the short-seller's report of last week that flagged concerns about its debt levels and the use of tax havens. Adani said it complies with all local laws and had made the necessary regulatory disclosures.Adani Transmission and Adani Total Gas plunged 20% each on Monday, while Adani Green Energy was down 18%. Adani Power and Adani Wilmar were down 5% each, while Adani Ports and Special Economic Zone slipped 0.5%. Adani Enterprises' $2.5 billion secondary share sale entered its second day amid weak investor sentiment. The stock was trading at 2,892 rupees, far below the price band for the share sale of 3,112-3,276 rupees per share.On Friday, the first day of the offer, the issue w...