NEW DELHI: When one of mightiest conglomerates of a country calls off its fully subscribed follow on public offer (FPO), stating that it would be "morally incorrect", it is sure to spook investors.
The Gautam Adani-led Adani Group, who's stocks were one of the key drivers of stock markets since the past 3 years, is now finding it hard to even stay in the positive zone. And, all of it happened in just 1 week.