Omega Management logo

Blog

Adani FPO sails through Hindenburg storm; issue fully subscribed






The Adani group on Tuesday pulled off the 20,000-crore follow-on public offering (FPO) for its flagship company, Adani Enterprises (AEL), despite the storm created by US short seller and investment research firm Hindenburg Research through a barrage of allegations against the conglomerate.


Even though AEL’s share price continued to languish below its issue price, the FPO managed to…

Read more…