Adani ent fpo

"A meeting of the board of directors of Adani Enterprises Limited (the “Company") will be held on Friday, 25th November 2022 at Ahmedabad, inter alia, to consider and approve the proposal of raising of funds by way of further public offering, preferential allotment (including a qualified institutions placement or through any other permissible mode) and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/statutory approvals as may be required including the approval of shareholders of the Company," Adani Enterprises said in a BSE filing.

Adani Enterprises has finalised anchor book for its forthcoming Rs 20,000 crore follow-on public offer (FPO), as per a Bloomberg report. The report suggested the issue was subscribed 1.8-2 times and that International Holding Co PJSC, Abu Dhabi Investment Authority, Mubadala Investment Co PJSC and BNP Paribas were among bidders. IHC, which invested nearly $2 billion in Adani group companies last year, was also looking to buy the largest chunk of around $200 million, the report said. Indian institutions including LIC and SBI Life also bade for the issue, the report suggested. The Rs 20,000 crore FPO, which will be sold in Rs 3,112–3,276 price band, will open for subscription on January 27, Friday. It will conclude on January 31. The basis of allotment is likely by February 3, unblocking of funds is likely by February 4, credit of shares to demat account is likely by February 5 while the listing of the shares is likely by February 8. Hindenburg report Ahead of the biggest ever FPO, Adani group stocks were jolted on Wednesday by a report by short seller Hindenburg that claimed the Adani Group was engaged in “accounting fraud, stock manipulation and money laundering” over the course of decades. The report suggested that Adani group's seven listed companies have an 85 per cent downside potential on a fundamental basis due to sky-high valuations.  Adani group, however, refuted the allegations and raised questions over the timing of the report’s publication. The report,...

• Adani Enterprises’ ₹20,000 crore follow-on public offer (FPO), India’s largest so far, has sailed through minutes before the markets closed on Tuesday. • Leading the subscriptions were the non-institutional investors whose subscriptions stood at 332% of their respective category, while demand in the retail category was the lowest at just 12%. • The Adani Enterprises’ stock, at its current market price of ₹2,975, is still 4.4% below the lower limit of its follow-on public offer (FPO) price band of ₹3,112. Adani Enterprises’ ₹20,000 crore follow-on public offer (FPO), India’s largest so far, has sailed through minutes before the markets closed on Tuesday. The FPO saw rapid acceleration in subscriptions today after the Day 2 subscription stood at just 3%, even as all Adani Group stocks remain under pressure in the aftermath of the Hindenburg Research report. Leading the subscriptions were the non-institutional investors whose subscriptions stood at 332% of their respective category, while demand in the retail category was the lowest at just 12%. The Adani Enterprises’ stock, at its current market price of ₹2,973.9, is still 4.4% below the lower limit of its follow-on public offer (FPO) price band of ₹3,112. The company’s FPO shares are trading at a discount of ₹30 per share in the grey markets. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. Company Current market price Change Adani Transmission ₹1,774...

• Adani Enterprises’ ₹20,000 crore follow-on public offer (FPO), India’s largest so far, has sailed through minutes before the markets closed on Tuesday. • Leading the subscriptions were the non-institutional investors whose subscriptions stood at 332% of their respective category, while demand in the retail category was the lowest at just 12%. • The Adani Enterprises’ stock, at its current market price of ₹2,975, is still 4.4% below the lower limit of its follow-on public offer (FPO) price band of ₹3,112. Adani Enterprises’ ₹20,000 crore follow-on public offer (FPO), India’s largest so far, has sailed through minutes before the markets closed on Tuesday. The FPO saw rapid acceleration in subscriptions today after the Day 2 subscription stood at just 3%, even as all Adani Group stocks remain under pressure in the aftermath of the Hindenburg Research report. Leading the subscriptions were the non-institutional investors whose subscriptions stood at 332% of their respective category, while demand in the retail category was the lowest at just 12%. The Adani Enterprises’ stock, at its current market price of ₹2,973.9, is still 4.4% below the lower limit of its follow-on public offer (FPO) price band of ₹3,112. The company’s FPO shares are trading at a discount of ₹30 per share in the grey markets. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. Company Current market price Change Adani Transmission ₹1,774...

"A meeting of the board of directors of Adani Enterprises Limited (the “Company") will be held on Friday, 25th November 2022 at Ahmedabad, inter alia, to consider and approve the proposal of raising of funds by way of further public offering, preferential allotment (including a qualified institutions placement or through any other permissible mode) and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/statutory approvals as may be required including the approval of shareholders of the Company," Adani Enterprises said in a BSE filing.

Adani Enterprises has finalised anchor book for its forthcoming Rs 20,000 crore follow-on public offer (FPO), as per a Bloomberg report. The report suggested the issue was subscribed 1.8-2 times and that International Holding Co PJSC, Abu Dhabi Investment Authority, Mubadala Investment Co PJSC and BNP Paribas were among bidders. IHC, which invested nearly $2 billion in Adani group companies last year, was also looking to buy the largest chunk of around $200 million, the report said. Indian institutions including LIC and SBI Life also bade for the issue, the report suggested. The Rs 20,000 crore FPO, which will be sold in Rs 3,112–3,276 price band, will open for subscription on January 27, Friday. It will conclude on January 31. The basis of allotment is likely by February 3, unblocking of funds is likely by February 4, credit of shares to demat account is likely by February 5 while the listing of the shares is likely by February 8. Hindenburg report Ahead of the biggest ever FPO, Adani group stocks were jolted on Wednesday by a report by short seller Hindenburg that claimed the Adani Group was engaged in “accounting fraud, stock manipulation and money laundering” over the course of decades. The report suggested that Adani group's seven listed companies have an 85 per cent downside potential on a fundamental basis due to sky-high valuations.  Adani group, however, refuted the allegations and raised questions over the timing of the report’s publication. The report,...

Adani Enterprises has finalised anchor book for its forthcoming Rs 20,000 crore follow-on public offer (FPO), as per a Bloomberg report. The report suggested the issue was subscribed 1.8-2 times and that International Holding Co PJSC, Abu Dhabi Investment Authority, Mubadala Investment Co PJSC and BNP Paribas were among bidders. IHC, which invested nearly $2 billion in Adani group companies last year, was also looking to buy the largest chunk of around $200 million, the report said. Indian institutions including LIC and SBI Life also bade for the issue, the report suggested. The Rs 20,000 crore FPO, which will be sold in Rs 3,112–3,276 price band, will open for subscription on January 27, Friday. It will conclude on January 31. The basis of allotment is likely by February 3, unblocking of funds is likely by February 4, credit of shares to demat account is likely by February 5 while the listing of the shares is likely by February 8. Hindenburg report Ahead of the biggest ever FPO, Adani group stocks were jolted on Wednesday by a report by short seller Hindenburg that claimed the Adani Group was engaged in “accounting fraud, stock manipulation and money laundering” over the course of decades. The report suggested that Adani group's seven listed companies have an 85 per cent downside potential on a fundamental basis due to sky-high valuations.  Adani group, however, refuted the allegations and raised questions over the timing of the report’s publication. The report,...

"A meeting of the board of directors of Adani Enterprises Limited (the “Company") will be held on Friday, 25th November 2022 at Ahmedabad, inter alia, to consider and approve the proposal of raising of funds by way of further public offering, preferential allotment (including a qualified institutions placement or through any other permissible mode) and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/statutory approvals as may be required including the approval of shareholders of the Company," Adani Enterprises said in a BSE filing.

• Adani Enterprises’ ₹20,000 crore follow-on public offer (FPO), India’s largest so far, has sailed through minutes before the markets closed on Tuesday. • Leading the subscriptions were the non-institutional investors whose subscriptions stood at 332% of their respective category, while demand in the retail category was the lowest at just 12%. • The Adani Enterprises’ stock, at its current market price of ₹2,975, is still 4.4% below the lower limit of its follow-on public offer (FPO) price band of ₹3,112. Adani Enterprises’ ₹20,000 crore follow-on public offer (FPO), India’s largest so far, has sailed through minutes before the markets closed on Tuesday. The FPO saw rapid acceleration in subscriptions today after the Day 2 subscription stood at just 3%, even as all Adani Group stocks remain under pressure in the aftermath of the Hindenburg Research report. Leading the subscriptions were the non-institutional investors whose subscriptions stood at 332% of their respective category, while demand in the retail category was the lowest at just 12%. The Adani Enterprises’ stock, at its current market price of ₹2,973.9, is still 4.4% below the lower limit of its follow-on public offer (FPO) price band of ₹3,112. The company’s FPO shares are trading at a discount of ₹30 per share in the grey markets. GMP is the premium at which IPO shares are traded in an unofficial market before they are listed on the stock exchanges. Company Current market price Change Adani Transmission ₹1,774...

"A meeting of the board of directors of Adani Enterprises Limited (the “Company") will be held on Friday, 25th November 2022 at Ahmedabad, inter alia, to consider and approve the proposal of raising of funds by way of further public offering, preferential allotment (including a qualified institutions placement or through any other permissible mode) and/or combination thereof as may be considered appropriate, by way of issue of equity shares or any other eligible securities, subject to all such regulatory/statutory approvals as may be required including the approval of shareholders of the Company," Adani Enterprises said in a BSE filing.