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‘Going ahead not morally correct’: Adani Enterprises calls off Rs 20,000 crore FPO, to return money to in – Times of India

NEW DELHI: Billionaire Gautam Adani-led group’s flagship firm Adani Enterprises on Wednesday decided to scrapped its follow on public offer (FPO), a day after it was fully subscribed.
In a regulatory statement to the bourses, Adani Group said that it has decided not to proceed with FPO in the interest of its subscribers.