Hindenburg Research Report fallout: FPO on track, no price band change, says Adani Group
The Rs 20,000-crore Adani Enterprises FPO, which opened on Friday, received bids for about 1% of the shares on offer, after allegations of governance lapses and price “manipulation” by US activist short-seller Hindenburg Research triggered panic selling in shares of the conglomerate’s companies. The issue runs January 27-31. “There is no change in either the schedule or the issue price,” said an Adani Group spokesperson on Saturday.
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