Big Breaking: Adani Group canceled FPO worth 20 thousand crores
News | February 02, 2023 0:01 ISTAdani Group has canceled its FPO. Now Adani Group will return the money of the investors. Adani Group has canceled the FPO worth 20 thousand crores.
Adani Group has canceled its FPO. Now Adani Group will return the money of the investors. Adani Group has canceled the FPO worth 20 thousand crores.
In a major development, Adani Enterprises on Wednesday cancelled the recently launched Follow-on Public Offer (FPO).
Adani Enterprises FPO managed to sail through after a lacklustre start to its Rs 20,000 crore ($2.5 billion) follow-on public offer, with only a 1% subscription on the first day of the share sale.
The Delhi-based company seeks to raise Rs 100 crore through the issuance of equity shares and other convertible securities, warrants, bonds, FPO.
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