A little over a week ago, Gautam Adani was in news for his views on ChatGPT and his group’s plans to enter new business segments. The markets were anticipating the follow-on public offering (FPO) of his flagship company—the Adani Enterprises FPO. It was expected to be the biggest FPO in the history of Indian market, seeking to raise Rs 20,000 crore. Everything seemed to be going well for the world’s third richest individual.