Gautam Adani Explains Why Adani Enterprises FPO Was Withdrawn

TFT
Feb 6, 2023
1 min read

After the stunning decision by the Adani Group to withdraw the ₹20,000-cr FPO of Adani Enterprises, an early morning statement was released by the group to explain this move. Chairman Gautam Adani takes the high moral ground and says the capital market strategy will be reviewed once the market stabilizes. He also reassures investors of the financial stability of the group.

Recent Posts

See All

Adani Group in advanced talks to acquire majority stake in Emaar India for Rs 5,000 cr: Report

The deal is expected to involve the acquisition of 70-100 percent ownership in Emaar India, primarily through Adani Realty, an unlisted...

HDFC AMC Q3 results: Net profit rises 31% YoY to ₹641 crore, revenue up 39%

HDFC Asset Management Company (AMC), on Tuesday, reported a 31 per cent year-on-year (YoY) rise in its net profit to ₹641 crore for the...

Britannia, HUL, Nestle, other FMCG stocks fall up to 31% from 2024 peaks: Here's what investors should do

Indian stock markets have seen significant volatility in the past few months. After almost breaching the 86,000-mark in September, the...

Comments

Commenting on this post isn't available anymore. Contact the site owner for more info.