Adani Enterprises Calls Off Rs 20,000 Crore FPO, Money to Be Returned to Investors
Adani Enterprises on February 1 said that it has cancelled its Follow-On Public Offering (FPO) amid ongoing controversy over Hindenburg Research report.
Adani Enterprises on February 1 said that it has cancelled its Rs 20,000 crore Follow-On Public Offering (FPO) amid ongoing controversy over Hindenburg Research report. The American short seller had accused the group of using tax havens and flagged debt concerns in a report. The group said this decision was taken in the interest of its subscribers. Further information is awaited. Adani Group Companies Shares See Further Sell-Off Days After Hindenburg Report.
Adani Enterprises Cancels FPO:
Adani enterprises not to proceed with the FPO of shares worth Rs 20,000 Crore pic.twitter.com/uDCqf1gPHq
— ANI (@ANI) February 1, 2023
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