Adani Enterprises Raises Rs 5,984.9 Crore From Anchor Investors Ahead Of FPO

Adani Enterprises Ltd. allotted 1.83 crore shares underneath the anchor portion of its Rs 20,000-crore follow-on public providing to boost Rs 5,985 crore from 33 patrons.

The record of anchor buyers included Maybank Securities, Abu Dhabi Funding Authority, Life Insurance coverage Corp. of India, SBI Life Insurance coverage Co., HDFC Life Insurance coverage Co., BNP Paribas Arbitrage, Societe Generale, Goldman Sachs, Nomura, Citigroup, and Morgan Stanley, in line with an change submitting on Wednesday.

The anchor investor allocation worth was the upper ceiling of the value band at Rs 3,276 per share. Of this, the patrons paid an software bid quantity 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 stability quantity of Rs 2,992.5 crore should be paid on a number of subsequent calls, as decided by the corporate’s board or a committee thereof every now and then, Adani Enterprises mentioned in its submitting.

The FPO committee is scheduled to satisfy on or round Feb. 1 for approval of the supply worth and prospectus of the difficulty.


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