'Morally not correct': Adani calls off ₹20,000 crore FPO, money to be returned

Published on Feb 02, 2023 09:22 am IST

Gautam Adani's flagship firm called off its $2.5 billion share sale in a dramatic reversal on Wednesday. A rout sparked by a U.S. short seller's criticisms wiped out Adani's stocks worth billions. According to a Reuters report, the withdrawal of the share offering marks a stunning setback for Adani. Watch this video for more.

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