The follow-on public offer (FPO) of Adani Enterprises opened for subscription on Friday, but has been subscribed only 0.01 times.

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This is partly due to a recent report by Hindenburg Research raising concerns over the debt position of Adani group companies.

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Market observers believe that an improvement in the gray market mood for the company depends on either a comeback in the Adani.

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Enterprises share price on Monday or a reduction in the FPO value. Despite the reduction in the FPO price, a recovery in the share price is still necessary for the FPO to attract investors.

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Title 1

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A lot will depend on the opening of shares of Adani Group, especially Adani Enterprises, on Monday.

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