Because FPO is offering 4.5mil shares. If you try to buy these many shares off the market, you will never get the liquidity. The retail portion was only subscribed 12%, which makes sense

Adani group has insanely good assets (India's highest capacity port, Australian mines, port terminals in Israel, Australia, among shit load of other things), above all, he has contacts and insane amount of money

Also, the Hindenberg report points out crony capitalism on large scale, don't sprinkles of corporate governance fraud, but nothing to send anything collapsing

If you think having 2sq ft corporate offices in tax havens is fraud, then understand this, those 2sq ft are enough for your wife's boyfriend to fuck both your wife and mom at the same time