Only one Adani Group stock in the green as company begins non-deal roadshow in Paris and London today

When a company's management meets investors, to not talk about selling securities, but to simply talk about subjects of common interest such as financial results, company milestones, research and development, guidance, etc, it is called a non-deal roadshow.

American investment bank Jefferies will be organising the non-deal roadshow, which comprises of private meetings between institutional investors and the management of the company.

In-person interactions with institutional investors in Paris and London will also be part of the roadshow, the company said in a stock exchange filing last week, NDTV reported.

Last week, the group chairman Gautam Adani announces an investment of more than Rs 2 lakh crore in Gujarat, largely in building a green energy part that would be visible even from space. The investment will create one lakh jobs, he said.

Earlier this month, the Supreme Court also directed market regulator SEBI to complete the probe in the remaining two matters of the Adani Group within the next three months. India's Apex Court in its judgment said that there is no case made out for a transfer of the case from SEBI to CBI. The bench also said that third-party reports cannot be treated as conclusive proof and that there is no case of conflict of interest made out.