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The Board of Adani Enterprise Ltd.(AEL) decided not to go ahead with the fully subscribed Follow on Public Offer (FPO) as per the official media release by Adani Enterprise Ltd.(AEL). The funds blocked against these FPO applications will be released shortly.

Foreign Exchange Reserve in the last two days has gone up by US$8 billion. Neither our macroeconomic fundamentals nor our economy's image have been affected," said the FM during a press conference on the recent pullout of the Adani Group from its ₹20,000 crores FPO.