Adani Group again said the allegations of American company are baseless indicating no change in FPO
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New Delhi Billionaire Gautam Adani-led Adani Group on Saturday indicated that the sale of shares in the Rs 20,000 crore follow-on public share offering (FPO) of group company Adani Enterprises will be held as per the announced schedule. . A spokesperson of the Adani group told ‘Univarta’ on Saturday, “The FPO will exit, there will be no change in it.”
Following a January 24 report by US-based speculative fund company Hindenburg Research on the health of the Adani group, the company’s stock has moved well below the target price range for the FPO. On Friday or the first day of the FPO, applications were received for only one per cent of the shares.
Meanwhile, in a notice to investors issued today by Prasani Group, it has been said that it has categorically rejected the allegations made in the US firm’s report regarding the condition of Adani Enterprises. The company considers those allegations as baseless and absurd. The company has also given its explanation on that report to the stock exchanges. Kapil said that the relevant information and details in the FPO related prospectus (RHP) of Adani Enterprises are required by the Securities and Exchange Board of India SEBI. have already been given as per the rules of
The company has said that it has also given its statements issued in the media in this regard to the stock exchanges. These statements are also available on his website.
Adani Enterprises has placed a price band of Rs 3112 to Rs 3276 for the FPO. While on Friday, the company’s stock fell 19 percent to Rs 2,762 in the market. Applications were received for 4.7 lakh shares on the first day while it has launched the FPO to sell 4.6 crore shares.
Anchor investors have already taken shares worth Rs 5985 crore for the company and full applications have also been received for the lion’s share of institutional investors. Due to this, the number of lions presented in the market has been reduced from 6.5 crore to 4.6 crore. Nivar’s company New York company Indian Work Research has said in its report on Adani group that it has been manipulating shares and past reports for decades.
In the shares of Adani group companies, there was heavy selling of lions on Thursday and Friday and the shares came down from 5 to 20 percent. This has brought Adani Group chief Gautam Adani’s fortune down by nearly 19 per cent, or $23 billion, to $96.6 billion, and has slipped from third to seventh in the Force’s rich list. In September 22, Bloomberg estimated Gautam Adani’s wealth at $150 billion.
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