Future Of Adani Group

Gautam Adani, the founder and chairman of Adani group, has announced the withdrawal of a $2.7 billion follow-on public offer, citing market volatility and a desire to protect investors.

Adani stated that the decision will not affect the company’s operations and plans and that the group will continue to focus on long-term value creation and growth, managed by internal accruals.

He also emphasized his commitment to responsible business practices and strong governance principles.

Adani mentioned that the company will review its capital market strategy once the market stabilizes.

He credited the success of his four-decade career as an entrepreneur to the support of stakeholders, particularly the investor community, and expressed confidence in continued investor support in the future.

Leave a Comment