New Delhi: The Reserve Bank of India (RBI) has sought information from all banks about loans given to Adani Enterprises Limited (AEL).
After the cancellation of the fully subscribed FPO, the Adani group’s shares are witnessing a decline of up to 10% on Thursday.
Apart from. this, there was an uproar in the Lok Sabha and Rajya Sabha demanding an inquiry into the matter. Due to this, the proceedings of both the Houses were adjourned till 2 pm. Late on Wednesday night, the Adani Group cancelled a fully subscribed FPO worth Rs 20,000 crore.
The company had said that the investors’ money will be refunded. Earlier on Wednesday, shares of Adani Enterprises fell 26.70% to close at Rs 2179.75. This was the reason why the Adani Group decided to withdraw the FPO.
Gautam Adani issued a video message after canceling the FPO. He thanked the investors and said, “Despite the volatility in stocks last week, your confidence in the company’s business and its management is an assurance for us. For me, the interest of my investors is paramount. Everything else is secondary. Therefore, to protect investors from potential losses, we have withdrawn the FPO. The board felt that it would not be morally right to go ahead with the FPO.”
13 opposition parties seeks discussion on Hindenburg report in Parliament
Thirteen opposition parties, including the Congress, TMC, Aam Aadmi Party, SP, DMK, Janata Dal and Left, held a meeting over the allegations of Hindenburg research on the Adani Group.
The meeting was held in the chamber of Leader of Opposition in Rajya Sabha Mallikarjun Kharge. Of these, 9 parties gave notice of adjournment motion in The Rajya Sabha.
Mallikarjun Kharge said that people’s hard-earned money is being wasted. People’s trust will rise in the bank and LIC. The shares of some companies are constantly falling.
Leaders of all parties have taken a decision together that the incidents that are happening in the country from an economic point of view have to be raised in the House, so we had given a notice. They wanted a discussion on this notice but whenever we give notice, it is rejected, he said.