Cloud over Adani Enterprises FPO as stock dips 11-15% below offer

Offer garners just 1% subscription on opening day, with bids worth just Rs 150 cr vs Rs 14,908 cr on offer

BS Reporter |Business Standard
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Cloud over Adani Enterprises FPO as stock dips 11-15% below offer

3 min read Last Updated : Jan 27 2023 | 11:35 PM IST

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The rout in shares of Adani Enterprises (AEL) has put the firm’s Rs 20,000-crore follow-on public offering (FPO) under a cloud. The share sale on the first day garnered just 1 per cent subscription, a

Topics :Adani Enterprises LtdAdani GroupAdani Power

First Published: Jan 27 2023 | 6:51 PM IST

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