Would not be morally correct to proceed: Businessman Gautam Adani on withdrawal of FPO
Shortpedia
Content Team
Image Credit: business standard
Gautam Adani, on Thursday, speaking on his company's withdrawal from FPO said that the board felt it would be morally incorrect to proceed with it considering volatility of the market. He said the move was taken in best interest of the investors and to save them from potential losses. On February 1, Adani Enterprises withdrew their fully subscribed FPO of Rs 20,000 crore.
