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

Jan 17, 2023

By: BlinkX Research Team

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.