Adanient fpo

• Adani Enterp. 2445.05 ↓ -47.10 (-1.89%) • Adani Ports 736.60 ↑ 4.55 (0.62%) • Apollo Hospitals 4967.30 ↑ 153.05 (3.18%) • Asian Paints 3237.25 ↓ -3.45 (-0.11%) • Axis Bank 926.10 ↑ 6.40 (0.70%) • B P C L 360.05 ↓ -4.50 (-1.23%) • Bajaj Auto 4669.10 ↑ 25.50 (0.55%) • Bajaj Finance 7023.90 ↓ -16.60 (-0.24%) • Bajaj Finserv 1457.25 ↑ 7.10 (0.49%) • Bharti Airtel 836.50 ↑ 8.55 (1.03%) • Britannia Inds. 4654.15 ↑ 18.90 (0.41%) • Cipla 965.85 ↑ 1.10 (0.11%) • Coal India 230.90 ↑ 0.55 (0.24%) • Divi's Lab. 3511.60 ↓ -13.80 (-0.39%) • Dr Reddy's Labs 4610.45 ↑ 58.40 (1.28%) • Eicher Motors 3699.40 ↓ -16.65 (-0.45%) • Grasim Inds 1710.55 ↑ 8.10 (0.48%) • H D F C 2645.90 ↓ -0.80 (-0.03%) • HCL Technologies 1137.05 ↓ -4.85 (-0.42%) • HDFC Bank 1606.50 ↑ 2.50 (0.16%) • HDFC Life Insur. 576.40 ↓ -5.80 (-1.00%) • Hero Motocorp 2892.65 ↑ 92.25 (3.29%) • Hind. Unilever 2716.70 ↑ 18.80 (0.70%) • Hindalco Inds. 420.75 ↑ 14.40 (3.54%) • ICICI Bank 938.15 ↑ 2.05 (0.22%) • IndusInd Bank 1288.20 ↓ -1.95 (-0.15%) • Infosys 1299.00 ↓ -20.50 (-1.55%) • ITC 443.40 ↑ 3.70 (0.84%) • JSW Steel 706.60 ↑ 12.75 (1.84%) • Kotak Mah. Bank 1938.75 ↑ 8.70 (0.45%) • Larsen & Toubro 2234.55 ↑ 26.75 (1.21%) • M & M 1341.40 ↑ 22.50 (1.71%) • Maruti Suzuki 9485.35 ↑ 157.05 (1.68%) • Nestle India 22046.45 ↑ 172.15 (0.79%) • NTPC 174.55 ↑ 0.15 (0.09%) • O N G C 154.70 ↑ 1.05 (0.68%) • Power Grid Corpn 234.60 ↑ 1.60 (0.69%) • Reliance Industr 2455.20 ↓ -8.05 (-0.33%) • SBI Life Insuran 1202.50 ↓ -5.25 (-0.43%) • S...

"We wish to inform that the board of directors of the Company (the “Board"), at its meeting held today, i.e. 25 November 2022, has approved raising of funds by way of a further public offering through a fresh issue of Equity Shares by the Company aggregating up to ₹20,000 crore," the company said in its filing.

Synopsis The FPO was subscribed 3% on the Day 2, with the company receiving bids for 13,98,516 shares against the total issue size of 4,55,06,791 shares. Despite rebounding in trade on Monday after the massive sell-off last week, shares of Adani Enterprises are trading below the floor price of the FPO. The Rs 20,000-crore secondary share sale of shares by The FPO was subscribed 3% on the Day 2, with the company receiving bids for 13,98,516 shares against the total issue size of 4,55,06,791 shares. Despite rebounding in trade on Monday after the massive sell-off last week, shares of Adani Enterprises are trading below the floor price of the FPO. "Our interest in Adani Group is driven by our confidence and belief in the fundamentals of Adani Enterprises Ltd; we see a strong potential for growth from a long-term perspective and added value to our shareholders," said Syed Basar Shueb, Chief Executive Officer of IHC. Given that Tuesday will be the last day for subscription, it remains doubtful on the success of the issue, pipped to be the largest-ever by a private company in India. The group has assured that the FPO plan remains intact, but the response indicates that the company might have to give a relook to the offer price or the size of the FPO. “The CFO is expressing confidence...But we need to see how the institutional interest pans out,” said Kranthi Bathini, market strategist at WealthMills Securities. Adani Enterprises is the only stock to have rebounded. (Disclaimer: ...

Ahead of the FPO's launch, Adani had raised Rs 5,985 crore by allotting 1,82,68,925 shares to over 30 institutional investors including Abu Dhabi Investment Authority (ADIA), Maybank Asia, Goldman Sachs, Nomura Financial, Societe Generale, Jupiter, BNP Paribas, Al Mehwar, Citigroup, and Morgan Stanley. Despite the low subscription numbers in the first two days and the share price falling below the FPO price band, Adani Group had refused to either extend the dates or tweak the price band. Shares of Adani Enterprises have fallen around 29% from its 52-week high price of Rs 4,190. Ever since Hindenburg released a report making several allegations against the Adani Group, the two sides have been engaged in a war of words. In between, Adani stocks have lost around one-fourth of Rs 5 lakh crore of their market value. In a 413-page strong rebuttal to the 88 questions asked by the New York-based short-seller, the Adani Group has raised questions on the motivation behind the report and said it is case of unethical short selling by a foreign entity by publishing a report to manipulate and depress the price of stock, and create a false market. This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India, Adani said. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.

Adani Enterprises Limited is a diversified group organized around 5 areas of activity: - logistics and supply services (66.9% of net sales); - mining extraction services (3.8%); - manufacturing of photovoltaic panels (3.5%); - airport management (3.4%): ownership, at the end of March 2022, of 6 airports in India; - other (22.4%): manufacturing of food products, production of palm oil, production of sugar, storage, handling and transportation of fruit, manufacturing of aeronautical and defense systems, construction of roads, highways and rail infrastructure, construction of data centers, development and rehabilitation of wastewater treatment plants and related infrastructure, etc. Net sales break down by source of revenue mainly between sales of products (85.7%) and services (14.2%). India accounts for 60.3% of net sales. Sales per Business 2021 2022 Delta Integrated Resources Management 239 509.00 60.6% 488 713.00 70.4% +104.05% Others 129 744.00 32.8% 163 285.00 23.5% +25.85% Inter-segment Elimination -23 360.30 -5.9% -35 854.80 -5.2% - Mining 20 138.50 5.1% 27 603.50 4% +37.07% Solar Manufacturing 29 339.60 7.4% 25 284.20 3.6% -13.82% Airport - - 25 171.40 3.6% - INRin Million Sales per region 2021 2022 Delta India 231 554.00 58.6% 418 392.00 60.3% +80.69% International 163 818.00 41.4% 275 810.00 39.7% +68.36% INRin Million Managers Name Title Age Since Managing Director & Executive Director 58 2011 Chief Financial Officer - 2019 Secretary & Joint President-Legal - - In...

Adani Enterprises has filed papers with market regulator Securities and Exchange Board of India (Sebi) for raising Rs 20,000 crore from follow-on public offer (FPO), which is being touted as the country's biggest FPO. Just like an initial public offering (IPO), where a new company raises money from investors, in an FPO an already listed entity raises money from investors by selling its stake to public shareholders. Adani Enterprise had in November last year showed its intention for raising funds via FPO. In a stock exchange filing dated November 25, Adani Enterprises said that its board approved raising of funds by way of a further public offering through a fresh issue of Equity Shares by the Company aggregating up to Rs 20,000 crore. In that process, reports suggest that Adani Enterprise could come out with the FPO as soon as last of week of this month. As per the reports, IDBI Capital, Jefferies, ICICI Securities, SBI Capital, Bank of Baroda Capital and Elara Capial have been appointed as bankers for the FPO. The company plans to raise funds by selling shares of face value of Re 1 however the price band is yet to be disclosed by the company. Market experts say that Adani Group would sell shares to its retail investors and employees at a discounted price. The company plans to dilute 3.5 per cent stake through the FPO. Currently, the promoter group holds 72.63 per cent stake in the company. Gulf sovereign funds like ADIA and Qatar Investment Authority have shown interest i...

Adani Enterprises has filed papers with market regulator Securities and Exchange Board of India (Sebi) for raising Rs 20,000 crore from follow-on public offer (FPO), which is being touted as the country's biggest FPO. Just like an initial public offering (IPO), where a new company raises money from investors, in an FPO an already listed entity raises money from investors by selling its stake to public shareholders. Adani Enterprise had in November last year showed its intention for raising funds via FPO. In a stock exchange filing dated November 25, Adani Enterprises said that its board approved raising of funds by way of a further public offering through a fresh issue of Equity Shares by the Company aggregating up to Rs 20,000 crore. In that process, reports suggest that Adani Enterprise could come out with the FPO as soon as last of week of this month. As per the reports, IDBI Capital, Jefferies, ICICI Securities, SBI Capital, Bank of Baroda Capital and Elara Capial have been appointed as bankers for the FPO. The company plans to raise funds by selling shares of face value of Re 1 however the price band is yet to be disclosed by the company. Market experts say that Adani Group would sell shares to its retail investors and employees at a discounted price. The company plans to dilute 3.5 per cent stake through the FPO. Currently, the promoter group holds 72.63 per cent stake in the company. Gulf sovereign funds like ADIA and Qatar Investment Authority have shown interest i...

Synopsis The FPO was subscribed 3% on the Day 2, with the company receiving bids for 13,98,516 shares against the total issue size of 4,55,06,791 shares. Despite rebounding in trade on Monday after the massive sell-off last week, shares of Adani Enterprises are trading below the floor price of the FPO. The Rs 20,000-crore secondary share sale of shares by The FPO was subscribed 3% on the Day 2, with the company receiving bids for 13,98,516 shares against the total issue size of 4,55,06,791 shares. Despite rebounding in trade on Monday after the massive sell-off last week, shares of Adani Enterprises are trading below the floor price of the FPO. "Our interest in Adani Group is driven by our confidence and belief in the fundamentals of Adani Enterprises Ltd; we see a strong potential for growth from a long-term perspective and added value to our shareholders," said Syed Basar Shueb, Chief Executive Officer of IHC. Given that Tuesday will be the last day for subscription, it remains doubtful on the success of the issue, pipped to be the largest-ever by a private company in India. The group has assured that the FPO plan remains intact, but the response indicates that the company might have to give a relook to the offer price or the size of the FPO. “The CFO is expressing confidence...But we need to see how the institutional interest pans out,” said Kranthi Bathini, market strategist at WealthMills Securities. Adani Enterprises is the only stock to have rebounded. (Disclaimer: ...

• Adani Enterp. 2445.05 ↓ -47.10 (-1.89%) • Adani Ports 736.60 ↑ 4.55 (0.62%) • Apollo Hospitals 4967.30 ↑ 153.05 (3.18%) • Asian Paints 3237.25 ↓ -3.45 (-0.11%) • Axis Bank 926.10 ↑ 6.40 (0.70%) • B P C L 360.05 ↓ -4.50 (-1.23%) • Bajaj Auto 4669.10 ↑ 25.50 (0.55%) • Bajaj Finance 7023.90 ↓ -16.60 (-0.24%) • Bajaj Finserv 1457.25 ↑ 7.10 (0.49%) • Bharti Airtel 836.50 ↑ 8.55 (1.03%) • Britannia Inds. 4654.15 ↑ 18.90 (0.41%) • Cipla 965.85 ↑ 1.10 (0.11%) • Coal India 230.90 ↑ 0.55 (0.24%) • Divi's Lab. 3511.60 ↓ -13.80 (-0.39%) • Dr Reddy's Labs 4610.45 ↑ 58.40 (1.28%) • Eicher Motors 3699.40 ↓ -16.65 (-0.45%) • Grasim Inds 1710.55 ↑ 8.10 (0.48%) • H D F C 2645.90 ↓ -0.80 (-0.03%) • HCL Technologies 1137.05 ↓ -4.85 (-0.42%) • HDFC Bank 1606.50 ↑ 2.50 (0.16%) • HDFC Life Insur. 576.40 ↓ -5.80 (-1.00%) • Hero Motocorp 2892.65 ↑ 92.25 (3.29%) • Hind. Unilever 2716.70 ↑ 18.80 (0.70%) • Hindalco Inds. 420.75 ↑ 14.40 (3.54%) • ICICI Bank 938.15 ↑ 2.05 (0.22%) • IndusInd Bank 1288.20 ↓ -1.95 (-0.15%) • Infosys 1299.00 ↓ -20.50 (-1.55%) • ITC 443.40 ↑ 3.70 (0.84%) • JSW Steel 706.60 ↑ 12.75 (1.84%) • Kotak Mah. Bank 1938.75 ↑ 8.70 (0.45%) • Larsen & Toubro 2234.55 ↑ 26.75 (1.21%) • M & M 1341.40 ↑ 22.50 (1.71%) • Maruti Suzuki 9485.35 ↑ 157.05 (1.68%) • Nestle India 22046.45 ↑ 172.15 (0.79%) • NTPC 174.55 ↑ 0.15 (0.09%) • O N G C 154.70 ↑ 1.05 (0.68%) • Power Grid Corpn 234.60 ↑ 1.60 (0.69%) • Reliance Industr 2455.20 ↓ -8.05 (-0.33%) • SBI Life Insuran 1202.50 ↓ -5.25 (-0.43%) • S...

Ahead of the FPO's launch, Adani had raised Rs 5,985 crore by allotting 1,82,68,925 shares to over 30 institutional investors including Abu Dhabi Investment Authority (ADIA), Maybank Asia, Goldman Sachs, Nomura Financial, Societe Generale, Jupiter, BNP Paribas, Al Mehwar, Citigroup, and Morgan Stanley. Despite the low subscription numbers in the first two days and the share price falling below the FPO price band, Adani Group had refused to either extend the dates or tweak the price band. Shares of Adani Enterprises have fallen around 29% from its 52-week high price of Rs 4,190. Ever since Hindenburg released a report making several allegations against the Adani Group, the two sides have been engaged in a war of words. In between, Adani stocks have lost around one-fourth of Rs 5 lakh crore of their market value. In a 413-page strong rebuttal to the 88 questions asked by the New York-based short-seller, the Adani Group has raised questions on the motivation behind the report and said it is case of unethical short selling by a foreign entity by publishing a report to manipulate and depress the price of stock, and create a false market. This is not merely an unwarranted attack on any specific company but a calculated attack on India, the independence, integrity and quality of Indian institutions, and the growth story and ambition of India, Adani said. Don’t miss out on ET Prime stories! Get your daily dose of business updates on WhatsApp.