Adani Enterprises

Institutional and other non-retail investors helped the offer reach desired subscription levels hours before the share sale closed while there was a muted ...

Employees sought 55 per cent of the 1.6 lakh shares reserved for them. Adani Enterprises sold shares in a price band of Rs 3,112-3,276. Adani Enterprises also did not reveal the list of investors. The concern for the institutional players is that if they have invested in this climate their own boards would have raised objections," research analyst Hemindra Hazari told India Today. Names of the investors could not be immediately verified. HNI (high net worth investor) portion of the FPO was subscribed 3.31 times, thus helping the FPO sail through, which didn't look possible last week after US short seller firm Hindenburg Research's scathing report againt Adani Group.

Adani Enterprises share price: The stock was last seen trading lower than 5-day, 20-, 50-, 100- and 200-day moving averages. The counter's 14-day relative ...

Rs 2,013 is the next strong support. Though, the offer received poor to tepid response from retail investors and employees. The stock nosedived 34.72 per cent to hit a day low of Rs 1,942 against a previous close of Rs 2,975, just shy of its lower circuit of Rs 1,933.75. The company's stock has a negative price-to-equity (P/E) ratio of 307.65. The counter's 14-day relative strength index (RSI) came at 15.85. The scrip eventually settled 28.45 per cent lower at Rs 2,128.70.

The drop in 10 listed companies of Adani Group has severely impacted the stock markets. Four of 10 Adani group stocks had hit their lower circuits at around 3 ...

Meanwhile, Adani Transmission plunged nearly 9 per cent and Adani Green Energy fell over 9 per cent. Four of 10 Adani group stocks had hit their lower circuits at around 3 pm, leading to a massive erosion of total market capitalisation. At around 3 pm, the S&P BSE Sensex was down over 300 points, while the NSE Nifty50 fell over 1.2 per cent.

Adani Enterprises stock opened higher at ₹3030, but could not sustain the morning and continued to lose through the day.

The fees are equivalent to around 0.5% of the 200 billion rupees raised in Adani Enterprises Ltd.s offering, said the people, who asked not to be identified ...

[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). For fastest news alerts on financial markets, investment strategies and stocks alerts, [subscribe to our Telegram feeds](https://t.me/joinchat/J60pKE7SOStsj5sI8nDmHQ).) A spokesperson for Jefferies declined to comment. 28, the group had major roadshows with regional investors in Adani’s home state of Gujarat to convince them about the stock’s potential, a person familiar with the matter has said. Several high-net-worth individuals offered help to the Adani Group, that person said. [Adani Enterprises FPO Fully Subscribed on Final Day](/epaper/delhicapital/2023/feb/01/et-front/adani-enterprises-fpo-fully-subscribed-on-final-day/articleshow/97504232.cms)

Three companies, Adani Total Gas, Adani Transmission and Adani Green Energy saw their price band narrowed to 10% by the stock exchanges on Tuesday as they hit ...

The Adani Group called the report baseless, and that it had adversely affected its shareholders and investors. “The panic seen in Adani stocks in the past three sessions was missing today. As the effects of the Hindenburg Report continue to wreak havoc on Adani Group’s listed companies, all seven of Adani group shares fell sharply on Wednesday.

Data showed the demand for the FPO was led by non-institutional investors, and they subscribed to the shares 3.26 times.

It added the report was “nothing but a lie”. The portion for institutional investors was also oversubscribed. Its intraday low was Rs 1,941.2, over 30 per cent lower than Tuesday’s settlement price.

Stock prices of Adani group companies continue to crash with its flagship Adani Enterprises Ltd tumbling over 30% to Rs2,065.05 on the BSE,

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The crisis of confidence plaguing Gautam Adani has taken a sudden turn for the worse, with a record 28% plunge in his flagship company's stock raising ...

Banks including Barclays Plc had earlier asked for more shares to cover a $1 billion loan. [stopped](https://www.bloomberg.com/news/articles/2023-02-01/credit-suisse-s-private-bank-halts-margin-loans-on-adani-bonds) accepting bonds of Adani Group’s firms as collateral for margin loans to its private banking clients. The crisis of confidence plaguing Gautam Adani has taken a sudden turn for the worse, with a record 28% plunge in his flagship company’s stock raising questions over the extra collateral he needs to cover loans.

The decision was taken after the group stocks got routed on the stock exchanges on Wednesday.

Given these extraordinary circumstances, the company’s board felt that going ahead with the issue will not be morally correct. Gautam Adani, Chairman, Adani Enterprises Ltd said, “Today the market has been unprecedented, and our stock price has fluctuated over the course of the day. The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO.“

'Given the unprecedented situation and the current market volatility the company aims to protect the interest of its investing community by returning the ...

RECOMMENDED Employees sought 55 per cent of the 1.6 lakh shares reserved for them. We will continue to focus on long term value creation and growth will be managed by internal accruals. Once the market stabilises, we will review our capital market strategy. It has always made the necessary regulatory disclosures, it added. It also raised concerns about high debt and the valuations of the seven listed Adani companies. However, today the market has been unprecedented, and our stock price has fluctuated over the course of the day. This decision will not have any impact on our existing operations and future plans. Despite the volatility in the stock over the last week, your faith and belief in the Company, its business and its management has been extremely reassuring and humbling. The interest of the investors is paramount and hence to insulate them from any potential financial losses, the Board has decided not to go ahead with the FPO." Shares of Adani Enterprises are down over 49% from their 52-week high. Adani Enterprises sold shares in a price band of Rs 3,112-Rs 3,276.

The company aims to protect the interest of its investing community by returning the FPO proceeds and withdraws the completed transaction, ...

India's Adani Enterprises has called off its share sale, a source with knowledge of the matter told Reuters on Wednesday.

India's Adani Enterprises has called off its $2.5 billion share sale due to prevailing market conditions, the company said on Wednesday, days after a rout in its stocks following criticism by a U.S. On Tuesday, Adani Group mustered support from investors for the share sale for Adani Enterprises, in what some saw as a stamp of investor confidence at a time of crisis. India's Adani Enterprises has called off its share sale, a source with knowledge of the matter told Reuters on Wednesday.

“Given the unprecedented situation and the current market volatility the Company aims to protect the interest of its investing community by returning the FPO ...

This decision will not have any impact on our existing operations and future plans. Given the extraordinary circumstances, AEL’s board felt that going ahead with the issue will not be morally correct. Despite the volatility in the stock over the last week, your faith and belief in the Company, its business and its management has been extremely reassuring and humbling.

Adani Enterprises Share Crash: अडानी ग्रुप के एक शेयर में आज बुधवार को बड़ी गिरावट आई है।

Adani Enterprises Share Crash: अडानी ग्रुप के एक शेयर में आज बुधवार को बड़ी गिरावट आई है। यह शेयर अडानी एंटरप्राइजेज का है। कंपनी के शेयर आज इंट्रा डे ट्रेड में लगभग 35% तक गिर गए।बुधवार को शुरुआती कारोबार में बीएसई पर अडानी एंटरप्राइजेज का शेयर 3030 रुपये पर खुला था। इसके बाद दिन भर के कारोबार में यह शेयर गिरकर 1942 रुपये पर पहुंच गया था। यानी यह दिन के हाई से लगभग 1008 रुपये या 35% तक घट गए। हालांकि, मार्केट बंद होते समय शेयरों में थोड़ी रिकवरी आई और यह शेयर बीएसई पर 28.45% गिरावट के साथ 2128.70 रुपये पर बंद हुआ। इसी के साथ अडानी एंटरप्राइजेज का मार्केट कैप घटकर 2,42,672.04 करोड़ रुपये पर आ गया है। बता दें कि अडानी एंटरप्राइजेस का FPO 27 जनवरी को निवेश के लिए ओपन हुआ था और यह 31 जनवरी बंद हुआ है। 20,000 करोड़ रुपये के इस एफपीओ में दुनियाभर के दिग्गज निवेशकों ने दांव लगाए हैं। इसके अलावा सुनील मित्तल, सज्जन जिंदल समेत बिजनेस टायकून ने भी एफपीओ में पैसे लगाए हैं। Adani Enterprises Share Crash: अडानी ग्रुप के एक शेयर में आज बुधवार को बड़ी गिरावट आई है। यह शेयर अडानी एंटरप्राइजेज का है। कंपनी के शेयर आज इंट्रा डे ट्रेड में लगभग 35% तक गिर गए। [हिंदी न्यूज़](/) [बिजनेस](/business/)FPO के बाद ढेर हुआ अडानी ग्रुप का ये शेयर, एक दिन में 35% तक की आई गिरावट