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  2. www.indiatoday.in › business › storyExplained: Why Adani Group called off flagship company's FPO

    Feb 2, 2023 · The Rs 20,000 crore follow-on public offer (FPO) of Adani Enterprises was called off by the Adani Group on Wednesday. Here's why the Gautam Adani-owned conglomerate took the surprise step.

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  3. indianexpress.com › article › explainedAdani Group calls off FPO: What exactly is happening?

    Feb 1, 2023 · Adani Group calls off FPO: Why, what happened? The meltdown in Adani Group stocks and bonds resumed on Wednesday, with shares in Adani Enterprises plunging 28% and Adani Ports and Special Economic Zone dropping 19%, the worst day on record for both, Reuters reported.

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  5. www.thehindu.com › business › marketsExplained | What made the Adani Group call off its FPO?

    Feb 4, 2023 · Why did Adani Enterprises call off its FPO and opt to return money to investors? The FPO floated by Adani Enterprises was fully subscribed , thanks to support from large institutional...

  6. economictimes.indiatimes.com › markets › stocksAdani enterprises FPO cancelled: Gautam Adani explains why he ...

    Feb 2, 2023 · Here's what Gautam Adani had to say after Rs 20,000 crore FPO call off Billionaire Gautam Adani , who is in the middle of a storm following allegations made in the Hindenburg report, today said he had to withdraw Adani Enterprises ' Rs 20,000 crore FPO to protect investors from potential losses.

  7. timesofindia.indiatimes.com › business › indiaAdani: Adani group’s U-turn in FPO explained - Times of India

    Feb 2, 2023 · The main reason why this FPO was called off was the sharp fall in the share prices of Adani Enterprises. It should be noted that the Hindenburg report was out on January 24th. If you see the share prices of Adani Enterprises, they are down nearly 38% and compared to the FPO price band of Rs 3,276.

  8. economictimes.indiatimes.com › markets › iposAdani Enterprises calls off FPO, money to be returned to ...

    Feb 1, 2023 · NEW DELHI: After the company's stock price crashed 28% today, billionaire Gautam Adani-led Adani Enterprises today called off its Rs 20,000 crore follow-on public offer (FPO) and said money will be returned to investors.

  9. www.hindustantimes.com › business › adani-calls-offAdani calls off share sale: What is an FPO? How is it ...

    Adani Enterprises has decided not to proceed with its fully subscribed Follow-on Public Offer (FPO), the conglomerate said in a statement late on Wednesday, hours after the shares of the firm...