Adani Withdraws FPO | ‘Rare Defeat’ for one of India’s most powerful men
Gautam Adani has landed in a soup amid the Hindenburg Report controversy. The billionaire and one among India's most powerful men suffered a rare defeat last night when his flagship firm withdrew a blockbuster share sale. Breaking silence on the turmoil in a new video, he said, "I have been blessed to receive overwhelming support from all stakeholders, particularly the investor community. It is important for me to confess that whatever little I have achieved in life is due to the faith and trust reposed by them. I owe all my success to them. For me the interest of my investors is paramount and everything is secondary. Hence to protect investors from potential losses we have withdrawn the FPO." Watch this video for more details.