FPO

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RBI looking at its bank exposure, Know in detail

By mediology February 2, 2023 No Comments

The owner of Adani Enterprises Mr Gautam Adani is in the Headlines since he was out of the list of richest people across Asia, and today again he is in the news. According to the latest updates The Reserve Bank of India (RBI) is looking into the details of banks’ exposure to Adani group companies and has sought the present status of these loans, people familiar with the matter.Must Read : After Tunisha, Avneet Kaur to play Shehzaadi Mariam in Ali baba-Daastan-E-Kabul?RBI has already reached to some of the lenders of the group and is engaging with lenders to verify the exposure details. Talking about the lenders, the banks which have given loans to the Adani Group include Punjab National Bank, which has around Rs 7000 crore exposure to the Adani group. Other than that IndusInd Bank, in a clarification to stock exchanges said the bank’s total loan outstanding towards the Group is at 0.49 percent of the bank’s loan book. Further, the totals non-fund outstanding is at 0.85 percent o

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Gautam Adani’s Video Message for his Investors…watch here

By mediology February 2, 2023 No Comments

Since Hindenburg published its research report on the Adani Group,  everything seems to fall apart for Gautam Adani. Due to the market not going too well for him, yesterday he had to withdraw his recently launched FPO.Yesterday in a press release Gautam Adani made his decision clear regarding backing off his FPO. In this regard, he also published a video in which he said, “Yesterday’s decision of withdrawing FPO would have surprised many. But considering the volatility of the Market seen yesterday, our bond strongly felt that it would not have been morally correct to proceed with the FPO.”Further mentioning his investors he said that whatever he has achieved is because of the faith of his investors. He said,” For me the interest of my investors is paramount and everything is secondary. Hence to insulate the investors from potential losses, we have withdrawn the FPO.”  Chairman @gautam_adani's address to investors after withdrawal of the fully subscribed AEL FPO#GrowthWithGoodness

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Adani Enterprises calls off, money to be returned to investors

By mediology February 2, 2023 No Comments

The owner of Adani Enterprises Mr Gautam Adani is in the Headlines  since he was out of the list of richest people across the Asia, and today again he is in the news. Lets Know  the reason behind it.The Board of Adani Enterprises Ltd,(AEL) decided not to go-ahead with the  subscribed Follow-on Public Offer (FPO).  Keeping in mind the  current situation and the  market volatility the company is now  aiming  to protect the interest of their investing community by returning the FPO proceeds and withdraw all the  transaction. Gautam Adani, Chairman, Adani Enterprises Ltd said, “The Board takes this opportunity to thank all the investors for your support and commitment to our FPO. The subscription for the FPO closed successfully yesterday. However, today the market has been unprecedented, and our stock price has fluctuated over the course of the day. Given these extraordinary circumstances, the Company’s board felt that going ahead with the issue would not be  correct. The in

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