India Business News: Adani Enterprises' $2.45 billion secondary share offering was subscribed 1.5 times by anchor investors, with bids from high profile ...
ADIA, Maybank Asia, Citigroup, Morgan Stanley and LIC did not immediately respond to Reuters' request for comment. Adani did not immediately respond to Reuters' request for comment. Maybank Asia, Citigroup Inc, Morgan Stanley and domestic insurer Life Insurance Corporation of India were among the bidders for the share sale, the source said.
The Adani Groups flagship company has allotted 1,82,68925 shares to over 30 institutional investors at Rs 3276 a share.
[Sensex](https://economictimes.indiatimes.com/indices/sensex_30_companies)and [Nifty](https://economictimes.indiatimes.com/indices/nifty_50_companies)Track [latest market news](https://economictimes.indiatimes.com/markets/stocks), [stock tips](https://economictimes.indiatimes.com/markets/stocks/recos)and [expert advice](https://economictimes.indiatimes.com/markets/expert-view)on [ETMarkets](https://economictimes.indiatimes.com/markets). (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. This happened after US-based Hindenburg Research claimed that the 7 key listed companies of the group are "85%+ overvalued even if you ignore our investigation and take the companies’ financials at face value." ADIA was allotted 4,68,320 shares or 2.6% of the anchor book, while ELM Park Fund, a Texas-based asset management firm, was allotted 10,35,108 shares or 5.67% of the anchor book. Nomura Singapore, which is also an existing shareholder, was allotted 1,95,364 shares or 1.07% of the total anchor portion. LIC was allotted 9,15,748 shares or 5% of the total anchor portion.
Marquee investors Maybank Securities and Abu Dhabi Investment Authority picked up stake in Adani Enterprises' $2.45 billion secondary share offering on ...
Adani Enterprises had last week set the floor price for the FPO at 3,112 rupees per share, with a price cap of 3,276 rupees. short seller as baseless, saying it was timed to damage its reputation ahead of a large share offering. Bidding for retail investors will start on Friday and close on Jan. Register for free to Reuters and know the full story A source told Reuters earlier in the day that anchor investors bid for shares worth 90 billion rupees ($1.10 billion), compared to the 60 billion rupees reserved for them. [(ADEL.NS)](https://www.reuters.com/companies/ADEL.NS) $2.45 billion secondary share offering on Wednesday, which coincided with a short-seller report that slammed the shares of Adani Group companies.
The flagship company of Adani Group raised ₹5984.9 crore from 33 institutional investors, including Maybank Securities, LIC, SBI Employees Pension Fund.
"High quality foreign institutional investors names like Abu Dhabi Investment Authority, Maybank Asia, Goldman Sachs, Nomura, Societe Generale, Jupiter, BNP ...
MOST READ Adani Enterprises had last week set the floor price for the FPO at Rs 3,112 per share, with a price cap of Rs 3,276. Life Insurance Corp of India was allocated shares worth nearly Rs 300 crore. Bidding for retail investors will start on Friday and close on Jan.
As Adani Enterprises' follow-on public offer (FPO) gets ready to be opened for retail investors on Friday, the company raised close to Rs 6000 crore from ...
India’s biggest ever FPO will open to retail investors on Friday for a price band of Rs 3,112-3,276 per share. [refuted the allegation](https://www.outlookindia.com/business/hindenburg-report-is-malicious-attempt-to-damage-adani-enterprises-fpo-says-adani-group-news-256635?utm_source=related_story)s saying that the report was published with the malicious intent of damaging the upcoming Adani Enterprises share sale. [LIC](https://www.outlookindia.com/topic/lic)) were some of the interested bidders, the report added.
Adani Enterprises is set to come up with its Follow-On-Public Offer (FPO). The offer will open on 27th January. What is the Adani Enterprises FPO price?
Adani Enterprises Limited FPO opens for subscription on 27th January. If allotted, the shares are expected to be credited to your DEMAT account on 7 February. AEL aims to leverage the vast quantum of data generated by various consumer-facing businesses that interface every day with millions of customers. They intend to invest approximately US$50 billion over the next 10 years in the green hydrogen ecosystem for production. Past performance is not indicative of future returns. Through AEL, they focus on the underpenetrated infrastructure sector in India that the company believes has a high growth potential. The EBITDA margin for the same period was 6.7%, 8.1%, and 6.7%, respectively. Business incubator with a demonstrated track record: They are India's largest listed business incubators in terms of market capitalization. The profits have been down in the last three years. The revenue has grown at a CAGR of 26.47% in this period. Adani is among India's top business houses that have an integrated energy and infrastructure platform in India. Transport and Logistics: They manage prominent airports in India.
Adani Enterprises Ltd. allocated 1.83 crore shares under the anchor portion of its Rs 20000-crore follow-up public offering to raise Rs 5984.89 crore from ...
The flagship Gautam Adani firm will use the proceeds from the FPO to repay debt worth Rs 4,165 crore for itself and its units. Adani Enterprises has pegged the floor price for the issue at Rs 3,112 per share and the cap price at Rs 3,276 apiece, the RHP for the offer shows. Of this, the buyers paid an application bid amount of Rs 1,638 per share, cumulatively standing at Rs 2,992.5 crore, which is half the funds raised from the anchor portion. The company is offering a discount of Rs 64 per share to retail investors. The FPO committee is scheduled to meet on or around Feb. The list of anchor investors included Maybank Securities, Abu Dhabi Investment Authority, Life Insurance Corp.
India Business News: Adani Enterprises' $2.45 billion secondary share offering was subscribed 1.5 times by anchor investors, with bids from high profile ...
ADIA, Maybank Asia, Citigroup, Morgan Stanley and LIC did not immediately respond to Reuters' request for comment. Adani did not immediately respond to Reuters' request for comment. Maybank Asia, Citigroup Inc, Morgan Stanley and domestic insurer Life Insurance Corporation of India were among the bidders for the share sale, the source said.
The firm said it has received Rs 2992.4 crore from anchor investors ahead of its follow-on public offer (FPO) opening for the public, which is half of the ...
The price band for the offer is Rs 3,112-3,276 per share. [Adani Enterprises](https://www.moneycontrol.com/india/stockpricequote/trading/adanienterprises/AE13) on January 25 said it has raised close to Rs 6,000 crore from anchor investors. "The balance amount of Rs 1,638 per share and a total balance amount of Rs 2,992.4 crore for over 1.82 crore shares allotted to Anchor Investors is payable by the anchor investors on one or more subsequent call(s), as determined by the company’s board of directors or a committee thereof at its sole discretion, from time to time," it added. [FPO ](https://www.moneycontrol.com/news/business/adani-enterprises-files-papers-for-rs-20000-crore-follow-on-issue-9873161.html)committee of the board of directors of the company, in consultation with merchant bankers has finalized allocation of over 1.82 crore equity shares, to anchor investors at the anchor investor allocation price of Rs 3,276 per share of which application bid amount of Rs 1,638 per share is paid by the anchor investors," the company said in its filing to exchanges. The Adani Group company plans to raise Rs 20,000 crore via the FPO, the largest ever FPO in the Indian capital markets history. The firm noted that it has received Rs 2,992.4 crore from anchor investors ahead of its follow-on public offer (FPO) opening for the public, which is half of the amount of the total anchor book launched.