Adani Enterprises

On February 13, Adani Group, during a market crash following a short-seller report, declared that each of its portfolio firms' balance sheets was very healthy, that it had good corporate governance, and that its assets were secure.

Adani Group stocks were put under Additional Surveillance Measures (ASM) to curb short selling and stock volatility.

Gautam Adani, Chairman, Adani Enterprises Ltd referred to the volatility in the stock over the last week and said the interest of the investors is paramount and to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO.