New Delhi. The success that billionaire businessman Gautam Adani has achieved during the last few years is admired by the world. Gautam Adani first became the richest person in the world, after that he was established as the richest person in Asia for a long time. But now after the Hindenburg report, the business of Adani Group is running at a loss. There has been a big fall in a share of the group today on Wednesday. This share belongs to Adani Enterprises. Shares of the company fell nearly 35% in intraday trade today. In early trade on Wednesday, Adani Enterprises shares opened at Rs 3030 on BSE. After this, the stock fell to Rs 1942 in the day’s trading. That is, it declined by about Rs 1008 or 35% from the day’s high.
Significantly, there was a slight recovery in the shares at the time of market closure and the stock closed at Rs 2128.70 on BSE with a fall of 28.45%. With this, the market cap of Adani Enterprises has come down to Rs 2,42,672.04 crore. Let us tell you that the FPO of Adani Enterprises was opened for investment on January 27 and it closed on January 31.
Let us tell you that in this FPO worth Rs 20,000 crore, veteran investors from all over the world have placed bets. Apart from this, business tycoons including Sunil Mittal, Sajjan Jindal have also invested money in the FPO. The FPO got a great response, let us tell you that on the last day of Adani’s FPO, non-institutional investors (NII) bid for more than three times the shares against 96.16 lakh shares. The reserve 1.28 crore shares were almost fully subscribed by qualified institutional buyers (QIBs).