Decided to withdraw FPO due to market volatility: Adani

New Delhi: Businessman Gautam Adani said his group flagship company has decided to withdraw the follow-on public offering (FPO) due to market volatility.

Shares of Adani group companies have fallen billions of dollars after a report by Hindenburg Research last week. Adani Enterprises on Wednesday announced the withdrawal of its Rs 20,000 crore follow-on public offering (FPO) and refund of investors’ money.