Gaitam shocks Adani, breaks on Adani Wilmer's IPO by SEBI

-

New Delhi, Saturday 21 August 2021

SEBI has blocked the IPO (Initial Public Offer) of well-known businessman Gaitam Adani's company Adani Wilmer.

Adani Wilmer, a maker of Fortune-brand edible oil and footwear, was to launch an IPO worth Rs 200 crore. However, an investigation against Adani Enterprises, the parent company of the Adani Group, has resulted in the suspension of its IPO.

According to the policy of market controller SEBI (Securities and Exchange Board of India), an IPO cannot be approved for 90 days if any section of the company seeking an IPO is under investigation. Even then it can be avoided for up to 3 days.

Adani Wilmer is a joint venture between the Adani Group and Wilmer, a Singapore-based company founded in the 19th century.

If the company's IPO plan is successful, it will become the seventh Adani Group company to be listed on the stock exchange. Earlier, companies listed in the Adani Group market included Adani Enterprises, Adani Ports and Special Economic Zones (SEZs), Adani Transmission, Adani Power, Adani Total Gas and Adani Green Energy.

Earlier, Union Minister of State for Finance Pankaj Chaudhary had said in the House that the Directorate of Revenue Intelligence (DRI) and SEBI were investigating the performance of some Adani Group companies. The investigation is related to the regulation of SEBI. No investigation is being conducted by the ED. Holdings of foreign portfolio investments are based on day-to-day trading in Adani Group stocks, Chaidhary added.

Comments

Post a Comment

Popular posts from this blog

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

A new elan in the world of smuggling - Go Digital!

-
Image
- Smile Index - Vanity - We have to change with the times, our grandfathers brought clocks and tape recorders, fathers are in gold, the new generation will do with laptops. There was a message in the WhatsApp group of smugglers: Everyone is going to zoom at exactly three o'clock in the night. A smuggler hit back. I am currently in Gujarat, it is not possible to zoom properly here. ' Another smuggler joked.' Lya, we and the law?' Pella replied, 'Brother, everything is available in government law, but now there is no supply in excess of hearing.' The third wrote, 'Consignments used to arrive in ships at three-three-four-four in the night have all become the era of 70s movies. Now it is the world of landing on a clear day with a gold capsule on the belt. So why the meeting at 3 o'clock in the night?' The admin's message came, 'Now we have to go back to the days of ships. Bringing in a large flight will not work. More details at the meeti
Read more

Detailed information about the descalant sulfamic acid

-
Image
- Industrial guidance-long description Boiler scale: When hard water is heated or evaporated inside the boiler walls and tubes, the calcium carbonate, calcium sulfate or other minerals in the hard water are deposited on the boiler walls or tubes after the water is evaporated. If this boiler scale is not removed from the boiler, the life of the boiler ends. That is why soft water is used in most boilers. (treated to remove calcium and magnesium ions before use). Hard water: Hard rock type soils will rot over a long period of time if the water does not contain low percentages of calcium, magnesium carbonate, bicarbonate sulfate or chloride. Degree of Hardness: Grains per gallon or parts per million (ppm) of calcium to measure water hardness. (1 grain of cac03 per gallon is equal to - 17-1 ppm) Up to 5 grains is considered soft water. More than 30, grains is very hard water. The impurity shown above can produce boiler scale. Also can make metal coossive. The temporary hardness can b
Read more