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 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:

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