FPO withdrawn due to economic volatility in the market, Gautam Adani said

Adani Group Chairman Gautam Adani has given a big statement after the withdrawal of FPO worth Rs 20 thousand crore of Adani Enterprises Limited. He said that for me, the interest of my investors is paramount. Therefore, to save investors from possible losses, we have withdrawn the FPO. This decision will have no impact on our current operations and future plans. We will continue to focus on timely execution. Gautam Adani in his video statement said, "The decision to withdraw this after a fully subscribed FPO must have surprised many. But given today's volatility in the market, the board felt strongly That going ahead with the FPO would not be ethically correct."

Adani Group Chairman said, "We will review our capital and market strategy after the market stabilizes. We have a strong focus on ESG and every business will continue to create value in a responsible manner. He said that the strongest of our governance principles Verification comes from our many international partnerships." He said, “In my journey of more than 4 decades as an entrepreneur, I have been fortunate to receive overwhelming support from all stakeholders, especially the investor community. It is important for me to acknowledge that whatever I have done in life, What we have achieved is because of trust and confidence. I attribute all my success to them. For me, the interest of my investors is paramount and everything else is secondary. So to save investors from possible losses, we have called back the FPO.