The Reserve Bank of India has sought details of loans given to the Adani group from local banks. Let us inform that after the withdrawal of the FPO of Adani Group of Companies on Wednesday, the shares of the company declined on Thursday.
Mumbai: The Reserve Bank of India (RBI) has sought details of loans given to Adani Group from local banks. Along with this, RBI has asked the banks to respond immediately. This information has been received through Reuters. Shares of Adani Group of Companies declined on Thursday after business tycoon Gautam Adani-led group postponed a $2.5 billion share sale amid market volatility, citing the need to protect investors from potential losses. registered.
Let us tell you that on Wednesday, Adani Enterprises announced the withdrawal of its Rs 20,000 crore FPO and return of investors’ money. However, the FPO of the company was fully subscribed on Tuesday. It is being told that Adani Enterprises has taken this big decision after the report of America’s shortselling company Hindenburg came to the fore. According to BSC data, 4.55 crore shares were offered under the FPO of Adani Enterprises, while applications were received for 4.62 crore shares.
Here, Gautam Adani, Chairman of Adani Enterprises Limited, while giving his clarification on this, said that last week the company withdrew the FPO due to high volatility in the company’s stock. Today there was an unexpected ups and downs in the company’s stock. He said that in view of the extraordinary circumstances, the board of directors of the company decided that it would not be ethically sound to go ahead with the FPO. The interest of the investors is paramount for us and to save them from any possible loss, the Board of Directors has decided to withdraw the FPO.
After this statement of Gautam Adani, the stock market opened with a huge fall in the early trade on Thursday. The 30-share BSE Sensex fell 492.46 points to 59,215.62 points, while the NSE Nifty started trading at 17,445.95 points, down 170.35 points.