Adani Enterprises files papers for Rs 20,000 crore FPO: Reports

Adani Group’s flagship company, Adani Enterprises filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO), as per media reports. The company is examining the possibility of launching the public issue in the last week of January, the reports added. 

According to the media reports, with the submission of papers for FPO, the company may be exploring an opportunity of launching the public issue in the last week of this month itself. Before this, the company had also announced a follow-on share sale in November. 


The report further added that in this FPO, Adani Enterprises might also give a discount to retail investors. However, there is also reportedly a chance that the company could also raise money in the FPO by issuing partly paid-up shares.
 

Adani Enterprises has appointed Jefferies, ICICI Securities, SBI Capital, Bank of Baroda Capital, Elara Capial and few others as main bankers to the issue, the report added.
 

Top stories
Company

L&T Partners with PS Technology to Revolutionise Railways

6 mins read . 02 Aug 2024 . 12:45 PM

Company

Jindal Saw Q1 FY24 PAT Rises 67% to Rs 441 Cr

4 mins read . 02 Aug 2024 . 12:41 PM

Company

Pfizer Q1 FY25 PAT Zooms 61% to Rs 151 Cr

4 mins read . 02 Aug 2024 . 12:36 PM

Related Blogs
blog-logo

Economy

blog-logo

8 mins read . 05 Dec 2024

History of Reliance Group

  • 0 people read
blog-logo

Share Market

blog-logo

8 mins read . 29 Nov 2024

Stock Exchange in India

  • 0 people read
Kickstart your equities journey today You've got this
By submitting this I agree to the terms & conditions