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Adani Enterprises Calls Off FPO Day After Being Fully Subscribed | Stocks Crash 30% | Top News
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February 2, 2023
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Feb 2, 20234:17Now PlayingAdani enterprises has decided to call of its FPO, a day after it was fully subscribed. The Rs 20,000 CR FPO was called back one day after its release. This comes shortly after American firm Hindenburg published a damning report about supposed discrepancies in Adani stocks. The stocks of the company crashed by 30% yesterday. In a statement, Adani enterprises's Gautam Adani said that the money of all the investors will be returned soon and that is is not 'morally correct' to go ahead with the FPO due to 'unprecedented circumstances and volatility.' Keep watching to know more about it! #AdaniEnterprises #AdaniFPO #EnglishNews #HindenburgReport
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