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India s Adani cancels massive FPO after stock crash - La Prensa Latina Media

New Delhi, Feb 2 (EFE).- Indian business conglomerate Adani Group, owned by billionaire Gautam Adani, on Thursday announced the withdrawal of the massive follow-up offering (FPO) of their flagship company a day after the listing was closed with 100 percent subscriptions, following stock market losses worth more than $50 billion. “The market has been unprecedented, …

Food giant Wilmar vows to stand by its venture with Adani Group

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