LIC’s debt exposure in Adani group companies fell marginally to Rs 6,183 crore as of March 5 from Rs 6,347 crore as of December 31, 2022, Parliament was informed on Monday. In a written reply to the Lok Sabha, Finance Minister Nirmala Sitharaman said, “The Life Insurance Corporation of India (LIC) has informed that its … Read more
New Delhi: Adani Group has withdrawn its Rs 20,000 crore FPO (follow-on public offer). The new decision came after the company’s shares plunged to a 28 percent loss in the stock market on Wednesday. Sources of the company indicate that the FPO is being withdrawn due to the setback in the stock market. The company … Read more
New Delhi Adani Enterprises withdraws from further share sale (FPO) of Rs 20,000 crore. The retreat comes amid a massive setback in the stock market. Adani Group shares fell 28 percent on Wednesday alone. Shares of other companies such as Adani Port also fell sharply. With all the companies facing a setback in the stock … Read more
The FPO of Adani Enterprises has been successfully completed after overcoming the challenge posed by Hindenberg, an American forensic financier research firm. The response was poor on the first day, but on the third and final day, Tuesday, investor interest was evident in stocks. Adani Enterprises has received more demand for the related share sale … Read more
Mumbai: Adani Group’s further share raising will end today. The stock rally ends today as the stock market continues to bear heavy losses. Although the target is to raise Rs 20,000 crore, there has been no significant response from the small investors so far. Adani Group managed to get only three percent subscription till yesterday. … Read more