Gautam Adani explains why group called off flagship share sale | Watch

A day after the Adani Board called off the share sale, billionaire Gautam Adani said it wouldn't have been morally correct to go ahead with the flagship Follow-on Public Offer (FPO).

"Considering the volatility of the market yesterday, our Board felt that it would not have been morally correct to proceed with the FPO," Adani said in a video address.

Watch Gautam Adani's full address here.