Sunday, Oct 6, 2024

#MARKETTODAY Why Was Gautam Adani Forced To Withdraw 20,000 Cr FPO?


#MARKETTODAY Why Was Gautam Adani Forced To Withdraw 20,000 Cr FPO?


#markettoday #marketupdate #gautamadani #adanigroup #fpo
The first Trading day after Union Budget 2023. Sensex is mostly flat and Nifty is in red. IT and FMCG are gaining market share, while metals, energy, and banks are losing ground. All Adani Stocks trading in red after Adani Group scrapped its ₹20,000 crore follow-on public offering (FPO) citing investor protection concerns. Meanwhile, reports suggest Adani Group Stocks are now under SEBI's Lens and the RBI ask Banks for details on the exposures. Adani stocks erased all the market's budget day gains on Wednesday. Catch Sakshi Batra in a Conversation with Vinit Bolinjkar of Ventura Securities to decode the Adani carnage.
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