RBI Seeks Details Of Exposure Of Adani Group Money In Local Banks
The Reserve Bank of India (RBI) on February 2, intervened in the ongoing Hindenburg and Adani Group matter. The Central Bank sought details from local banks about their exposure to Adani Groups and submit a report regarding the same. The decision to intervene in the matter was taken after the recent $100 million downfall of the… read-more
Tags: Adani Groups, RBI, Legal Report, Hindenburg V/S Adani, FPOs
Gautam Adani Announces Withdrawal Of FPOs Issued To Public
Adani Groups Chairman Gautam Adani announced to the withdrawal of all FPOs worth Rs. 20,000 crores. Addressing the media on February 2, Adani said, the decision to return the FPO money of all the investors and shareholders was taken in the view of the 'Market Volatility'. "In my humble journey of over 4 decades as an entrepreneur I have been blessed to receive overwhelming support from all stakeholders," said Adani.
Tags: Gautam Adani, Adani Groups, FPOs, Shares, Indian Stock Market