No change in schedule, issue price of FPO, confident of success: Adani Ent

All our stakeholders including bankers and investors have full faith in the FPO, Adani Enterprise said in a statement

BS Web Team New Delhi
Photo: Bloomberg

Photo: Bloomberg

Adani Enterprises Limited clarified on Saturday that its Further Public Offer (FPO) will go according to the schedule and at the announced price-band. The company said that the schedule and issue price remain unchanged.

"Adani Enterprises Limited’s Further Public Offer (FPO) is going as per schedule and the announced price-band. There is no change in either the schedule or the issue price. All our stakeholders including bankers and investors have full faith in the FPO. We are extremely confident about the success of the FPO", said the company.

Reports in media suggested that the bankers were looking to get the schedule and the issue price changed as the Adani stocks nosedived after the Hindenburg report came out.

The Hindenburg report questioned how the Adani Group used entities in offshore tax havens such as Mauritius and the Caribbean islands. It said key listed Adani companies had "substantial debt&

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Adani Enterp.

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y
  • MAX

First Published: Jan 28 2023 | 5:35 PM IST

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