Former UK PM Boris Johnson resigns: Lord Joe Johnson, the younger brother of former UK Prime Minister Boris Johnson, has recently resigned from the post of non-executive director of the company assembled from the follow-on public offer (Adani Enterprises FPO) of Adani Enterprises. It is a UK firm that had invested in the FPO of the country’s industrialist Gautam Adani’s company. Let us tell you that Adani had announced the withdrawal of its FPO a day earlier, after which the stock of the company has seen a further decline.
Elara Capital invests in FPO of Adani group – former UK PM Boris Johnson resigns Adani Group
It has been revealed in media reports that Lord Johnson, 51, was appointed as a director of London-based Elara Capital Plc in June last year. Lord Johnson resigned after the Adani Group announced the withdrawal of its FPO on Wednesday this week.former UK PM Boris Johnson resigns Adani Group
Elara Capital works to collect money for Indian corporates
For information, let us tell you that Elara is one of the companies that invests in the capital market. Which works to raise money for Indian corporates. It makes money by FPO. Johnson said that he has been given assurance of the right position of the company and has resigned due to lack of domain expertise.
former UK PM Boris Johnson resigns Adani Group – Lord Joe Johnson said the company had given assurance of following the rules
As news of his resignation hit the media, Lord Jo Johnson said, “I joined London-based India-focused investment firm Elara Capital as an independent non-executive director in June last year in the hope of contributing to UK-India trade and investment ties.” Joined the board. He said that I have been continuously told by Elara Capital that this company is completely contrary to legal obligations.
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