This is an archive article published on February 2, 2023

Adani Group shares nosedive again, day after scrapping of FPO

While shares of Adani Enterprises were down 8 per cent, the shares of Adani Transmission, Adani Green Energy and Adani Total had fallen 10 per cent

Adani Group, Adani FPO, Adani share price, Adani stocks, Adani stock price, Adani news, Indian Express

Adani Enterprises, the flagship company of the Adani Group. (Reuters Photo: Amir Cohen, File)

2 min readNew DelhiFeb 2, 2023 03:18 PM IST First published on: Feb 2, 2023 at 11:04 AM IST

The shares of Adani Group of companies continued to plunge on Wednesday, a day after it announced scrapping of the Rs 20,000 crore FPO of Adani Enterprises and said that it would refund the money to the investors.

While shares of Adani Enterprises were down 8 per cent, the shares of Adani Transmission, Adani Green Energy and Adani Total had fallen 10 per cent. While Adani Ports was down 2.7 per cent, Adani Power and Adani Wilmar were down 8.3 per cent and 5 per cent respectively.

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Meanwhile, Ambuja Cements and ACC were trading in the green and were up by 5.6 per cent and 0.7 per cent respectively.