Tuesday, May 30, 2023

AEL

Adani Group suspends work on Rs 34,900 cr petchem project: Report

Adani Group has suspended work on a Rs 34,900 crore petrochemical project at Mundra in Gujarat as it focuses on resources to consolidate operations and address investor concerns following a damning report by a US-based short seller, sources said.The...

Adani Enterprises calls off Rs 20,000-cr FPO

Adani Enterprises on Wednesday said it has decided to withdraw its fully subscribed Rs 20,000-crore follow-on public offer (FPO) and will return the proceeds to investors.The announcement came a day after the company’s FPO was subscribed fully on the...