Business Standard

Adani Enterprises allots Rs 5,985-cr worth shares to anchor investors

Maybank, ELM Park large buyers in anchor category of FPO; MFs abstain


AEL is offering an additional discount of Rs 64 per share for retail investors—those investing up to Rs 200,000.

Samie Modak Mumbai
Adani Enterprises (AELs) on Wednesday allotted 18.26 million shares worth Rs 5,985 crore to over 39 institutional investors under the anchor segment as part of its Rs 20,000-crore follow-on public offering (FPO).

The allotment was made at Rs 3,276 apiece – the top-end of the price band. Shares of the AEL closed at Rs 3,390 apiece on Wednesday.

As the company is issuing partly paid up shares, AEL will collect Rs 1,638 per share from investors in the first tranche.

Maybank Securities alone subscribed for over a third of shares worth Rs 2,040 crore. ELM Park Fund, Winro Commercial, Belgrave

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First Published: Jan 25 2023 | 9:15 PM IST

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