Adani Enterprises calls off its FPO; money to be returned to investors I DETAILS
Business | Feb 02, 2023, 08:50 AM ISTIn a major development, Adani Enterprises on Wednesday cancelled the recently launched Follow-on Public Offer (FPO).
In a major development, Adani Enterprises on Wednesday cancelled the recently launched Follow-on Public Offer (FPO).
Adani Enterprises FPO managed to sail through after a lacklustre start to its Rs 20,000 crore ($2.5 billion) follow-on public offer, with only a 1% subscription on the first day of the share sale.
The Delhi-based company seeks to raise Rs 100 crore through the issuance of equity shares and other convertible securities, warrants, bonds, FPO.
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