Adani Group shares nosedive again, day after scrapping of FPO

The shares of Adani Group of companies continued to plunge on Wednesday, a day after it announced scrapping of the Rs 20,000 crore FPO of Adani Enterprises and said that it would refund the money to the investors.

While shares of Adani Enterprises were down 8 per cent, the shares of Adani Transmission, Adani Green Energy and Adani Total had fallen 10 per cent. While Adani Ports was down 2.7 per cent, Adani Power and Adani Wilmar were down 8.3 per cent and 5 per cent respectively.

Meanwhile, Ambuja Cements and ACC were trading in the green and were up by 5.6 per cent and 0.7 per cent respectively.