Adani FPO Success: Gautam Adani Thanks Investors – Latest Updates

Adani FPO Success: Gautam Adani Thanks Investors - Latest Updates

On Tuesday afternoon, Adani Group stocks showed mixed results with Adani Enterprises, Adani Transmission, and Adani Ports trading higher, but other Group stocks continued to drop, extending their three-day losing streak.

This was caused by a report from Hindenburg Research on January 24 that raised concerns about high debt and the use of tax havens. Adani has rejected the report as baseless. Meanwhile, Adani’s ₹20,000 crore FPO, with a premium price band of ₹3,112 to ₹3,276 per FPO equity share, closed on January 31st.

Gautam Adani Expresses Gratitude to Investors After FPO Gets Fully Subscribed Gautam Adani expressed his gratitude to investors after Adani Enterprises FPO was fully subscribed. On the final day of the ₹20,000 crore issue, a surge in demand led to the over-subscription of Adani Enterprises FPO.

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