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Adani bond yields surge to new highs

2023-02-03 01:24:37| The Economic Times

Prices of multiple bonds issued by different companies of the Adani Group fell sharply on Thursday, a day after flagship Adani Enterprises dramatically announced the withdrawal of its follow-on public offer (FPO) worth 20,000 crore late Wednesday. The issue got full subscription, although the stock has since plunged nearly 50% below the lowest issue-price threshold.


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