Adani Group withdraws its FPO, will return limited money
New Delhi :
Adani Enterprises Limited full subscribe A day after the FPO (Follow on Public Offer) worth Rs 20,000 crore has been withdrawn. The company gave this information in a statement. The company said in a statement, “Keeping in mind the claim in the market, it has withdrawn the Follow Public Offer (FPO) and will return the lost money.”
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Adani Enterprises’ Gautam Adani said in statements, “Today the market has been a volatile board and our stock price has been up and down throughout the day. For these particular companies, it is felt that it would not be ethically correct to go ahead in the interest of is paramount and therefore to save them from any loss, the Board has decided not to go ahead with the FPO.”
The company said that this decision will not affect its future plans. The company said that our balance sheet is in very good shape and our track record is being registered in terms of loan repayment.
Gautam Adani thanked the meeting for expressing its opposition to the FPO as the subscription was successfully closed on Tuesday. Nineteen said, “Despite the claymation in the stock since last one week, the confidence in your company is reassuring.”
Disclaimer: New Delhi Television is a subsidiary of AMG Media Networks Limited, an Adani Group company.
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