Gautam Adani, chairman of the Adani Group (Photo: IANS)
In a surprise move, Adani Enterprises Ltd decided withdraw its Rs 20,000-crore follow on public offer (FPO) despite being oversubscribed. In a statement, the company said that the decision was taken by the board keeping in view the unprecedented situation and the current market volatility.
“The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO,” Gautam Adani Chairman, Adani Enterprises said, adding that the fundamentals of the company continue to be strong.
Cyprus President Nikos Christodoulides said he and Prime Minister Narendra Modi discussed expanding bilateral ties…
Prime Minister Narendra Modi said on Monday that India and Cyprus will develop a strong…
The European Union and China conducted the 40th iteration of their Human Rights Dialogue on…
Prime Minister Narendra Modi was awarded the Grand Cross of the Order of Makarios III…
External Affairs Minister S Jaishankar held a telephonic conversation with his UAE counterpart Sheikh Abdullah…
India continues to maintain an edge over Pakistan in nuclear capabilities, with the Stockholm International…
