Gautam Adani's net worth falls USD13 billion in 1 day

February 01, 2023 16:19

Gautam Adani with Israel president Netanyahu

The net worth of Gautam Adani falls by $13 billion in a single day, reports the Spectator Index. On Wednesday, shares of Adani Enterprises, the flagship firm of the group, fell 26.70 per cent to Rs 2,179 a piece on the BSE.

However, the follow-on public offer issued by Adani Enterprises has been fully subscribed on the last day on Friday.

Data showed the demand for the FPO was led by non-institutional investors, and they subscribed to the shares 3.26 times. The portion for institutional investors was also oversubscribed.

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