Business Standard

AEL's strongest growth is ahead of us, says Gautam Adani on FPO

The FPO is targeted to create wealth for the retail shareholders, says Gautam Adani

Photo: Bloomberg
Premium

Photo: Bloomberg

Dev Chatterjee Mumbai
Adani group Chairman Gautam Adani on Friday said the Adani Enterprises’ (AEL) follow-on public offer (FPO) comes at a time when the firm's ‘strongest growth’ in existing and new businesses is still ahead, and the FPO is targeted to create wealth for the retail shareholders.

In a video message, Adani said India is on its way to become a $30-trillion economy by 2050, and there could not be a better launch pad than India to expand the current portfolio.

Adani said his businesses are aligned with India's ambitions of transitioning to ‘Bharat par Nirbhar’ (World dependent on India) from ‘Atmanirbhar

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Jan 22 2023 | 8:40 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com