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    • 28% crash

      • Gautam Adani-led Adani Enterprises has called off its ₹20,000 crore follow-on public offer (FPO) after the company’s stock witnessed a 28% crash on Wednesday. The company said in its exchange filing that it will return money to investors.
      www.businessinsider.in/stock-market/news/gautam-adani-calls-off-adani-enterprises-fpo-after-28-crash-in-stock-price/articleshow/97534098.cms

      Gautam Adani takes the high road and calls off Adani ...

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

    Feb 2, 2023 · The Rs 20,000 secondary share sale or 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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  4. indianexpress.com › article › explainedAdani Group calls off FPO: What exactly is happening?

    Feb 1, 2023 · Adani Group calls off FPO, to return money to investors: What exactly has happened? The FPO call-off comes as share prices of the Adani Group saw an unprecedented crash in the wake of the Hindenburg Research report on the group. Written by Soumyarendra Barik. New Delhi | Updated: February 3, 2023 07:13 IST. 6 min read.

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  6. 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 investors...

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

    Feb 2, 2023 · The rout in Adani Group stocks had deepened after the FPO managed to get fully subscribed on issue closing day. Shares of Adani Enterprises had ended yesterday with a massive loss of 28.45% at Rs 2,128.70. On the other hand, the FPO was priced at a band of Rs 3,112-3,276.

  8. 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...

  9. 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.

  10. 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.