There has been an earthquake in the shares of Adani group companies in the last few days. The reason is the coming out of a report by the American research company Hindenburg Research. Due to this, clouds of apprehension were hovering over the FPO of the group, but now the company has made a big announcement regarding this.
Image Credit source: File Photo : Getty
Adani Group (Adani Group) Hindenburg Research (Hindenburg Research) It has been announced not to be afraid of the report of A report released about the group by this American research company has brought a big stir in the last few days. Due to this Adani Enterprises (Adani Enterprises) Follow-on public offer of (FPO) There are apprehensions among investors regarding But now the group FPO Has made a big announcement regarding
The Adani Group, led by billionaire industrialist Gautam Adani, on Saturday denied any change in the fixed prices, sale dates or any other changes in the FPO of Adani Enterprises.
today’s big news
‘We will not make any changes’
After the report of American finance research company Hindenburg Research came out, the shares of almost all the listed companies of the group including Adani Enterprises have registered a big fall. Responding to this, Adani Group spokesperson said, ‘The FPO of Adani Enterprises Limited is progressing as per the schedule and announced price range. There has been no change in its share price band. All our stakeholders including bankers and investors have full faith in the FPO of the company. We are very confident about the success of the FPO.
Report malicious and bogus
The Adani group has termed the report of Hindenburg Research as malicious and fake. The company says that this report has been brought with the intention of thwarting its FPO. It is noteworthy that the FPO of Adani Enterprises, the flagship company of Adani Group, has received only one per cent subscription on the first day of application on Friday; This FPO will close on 31 January.
According to the information available on BSE, on the first day of FPO of Adani Enterprises, bids came for only 4.7 lakh shares against 4.55 crore shares. The price band for the FPO has been kept at Rs 3,112 to 3,276 per share. However, on Friday its stock closed at Rs 2,762.15 on BSE. Prior to the opening of the FPO, Adani Enterprises raised Rs 5,985 crore from anchor investors.
A report by Hindenburg Research has openly accused the Adani group of indulging in stock manipulation and accounting fraud. After this report, there has been a big fall in the shares of listed companies of Adani Group related to diversified business.
(with language input)
