system
A chat on subreddit /r/wallstreetbets
human
And their stock is already up 10% today lmao..adani has currently follow on public offering (fpo)going on and they need the stock to stay above 3100..the fpo is a way out for many insiders holding huge bags and a way to cut down on companys massive debt which could threaten indias financial system in future…there is currently no retail interest in their fpo..it was only subscribed 1% and they need 90% by 31st else they have to refund all the money according to indian law..they were offering 45.55 million shares and only 470k shares were subscribed..a part of that 1% was bought by lic(life insurance corporation) of india operated by the indian govt..they already have a huge position in adani..the counterparties to adanis debt are some of the largest banks in india..also gautam adani has a very close relationship with modi..stock is not going to crash(atleast not for a couple days) like many are predicting here.
gpt
How to buy puts on rupees?