“Interest of my investors is paramount…,” Gautam Adani’s first response after calling off Rs 20,000 crore FPO
Gautam Adani said it would not be "morally correct" to go ahead with the Rs 20,000-crore share in current market condition.
Gautam Adani said it would not be "morally correct" to go ahead with the Rs 20,000-crore share in current market condition.
Data showed the demand for the FPO was led by non-institutional investors, and they subscribed to the shares 3.26 times.
The research firm, in its report, raised concerns about shares of Adani group companies having a possibility of declining from their current levels, owing to high valuations.
India's largest lender State Bank of India (SBI) said on Friday that its exposure to the Adani Group was well below the Reserve Bank of India's (RBIs) Large Exposure Framework and was secured by cash generating assets.
The maliciously mischievous, unresearched report published by Hindenburg Research on January 24 has adversely affected the Adani Group, our shareholders and investors, the Adani Group said in a statement on Thursday.
