FPO

Calling it a morally correct step, Gautam Adani said in a statement that the board took the decision to withdraw the FPO considering the volatility of the market.

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.