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FPO
Explained | What made the Adani Group call off its FPO?
People wait to cross a road in front of the logo of the Adani Group installed at a roundabout on the ring road in Ahmedabad.
| Photo Credit: Reuters
The story so far: Adani Enterprises decided on February 1 to call off its ₹20,000 crore…
Nirmala Sitharaman says India’s macro fundamentals not affected by Adani’s FPO withdrawal
Union Finance Minister Nirmala Sitharaman with Union Ministers of State for Finance Bhagwat Karad and Pankaj Chaudhary addresses a press conference in Mumbai on February 4, 2023.
| Photo Credit: PTI
Facing questions on whether the ongoing…
Adani Enterprises shares tank 15%; most group firms also fall
As many as 4.62 crore shares were sought as against an offer of 4.55 crore.
| Photo Credit: PTI
Shares of Adani Enterprises tumbled 15% in morning trade on February 2, a day after the firm said it has decided not to go ahead with its…
FPO withdrawn due to market volatility, says Gautam Adani
Adani Enterprises Ltd’s ₹20,000 crore follow-on public offer managed to get investors on the last day of the share close on Tuesday.
| Photo Credit: AP
Billionaire Gautam Adani has said the decision to withdraw a fully subscribed share…
Adani Group calls off ₹20,000 crore FPO, says will return money to investors
Given the unprecedented situation and the current market volatility, the company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction, the Adani Group said in a…