"After a fully subscribed FPO, yesterday's decision of its withdrawal would have surprised many. But considering the volatility of the market seen yesterday, the board strongly felt that it would not be morally correct to proceed with the FPO," Adani said in his address to investors after
The company said in a release that given the unprecedented situation and the current market volatility, it "aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction".
Reliance Industries Chairman Mukesh Ambani overtook Adani Group chairman Gautam Adani to become the richest Indian in the world with his net worth of USD 84.3 billion, according to Forbes real-time tracker of billionaires for 2023.
Calling the handover of Israel's Haifa Port by Israeli Prime Minister Benjamin Netanyahu to the Adani Group Chairman, Gautam Adani as an "element of a long string of future cooperation in the economic field", Israeli Ambassador to India Naor Gilon added it is a symbol of trust between the pe
Business conglomerate Adani Group's chairman Gautam Adani, after taking over one of the largest international seaports of Israel, the Haifa port, said that he would continue investing in Israel, according to Reuters.
The research firm said, "It also predictably tried to lead the focus away from substantive issues and instead stoked a nationalist narrative, claiming our report amounted to a "calculated attack on India." In short, the Adani Group has attempted to conflate its meteoric rise and the wealt
The Adani group in a sharp and focused response to Hindenburg Research's report on its businesses has responded to all 88 questions raised by Hindenburg including the young age of its auditors.
Adani Group said it is mulling legal options in the US and India against Hindenburg Research after its report accused firms owned by Gautam Adani of market manipulation and accounting fraud.
Adani said the dry and tough living conditions of Banaskantha shaped his social behaviour and gave him a sense of family bonds and trust. He said his parents shaped his core values.
New Delhi [India], January 7 (ANI/PNN): A big treat is awaiting television viewers in the New Year, on Saturday, January 7 night, to be precise, when the world's third richest person, Gautam Adani, will be sitting in the hot seat of Rajat Sharma's 'Aap Ki Adalat'. Gautam Adani will be replyi