Shock to Adani Group, SEBI bans Adani Wilmar’s IPO, know the reason

New Delhi, 20/8: The Adani Group, led by veteran industrialist Gautam Adani, has suffered a major setback. In fact, the country’s market regulator Securities and Exchange Board of India (SEBI) has banned the IPO of Adani Wilmar, a company of Adani Group. Let us tell you that Adani Wilmar edible oil brand Fortune (Fortune) manufactures.

A person with knowledge of the matter said that SEBI has taken this step due to the ongoing investigation of foreign portfolio investment against Adani Enterprises, the flagship company of Adani Group. Adani Wilmar was about to bring an issue of Rs 4500 crore but at present the plan has been put on hold.

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