Shares in the offer will be issued on a partly-paid basis, where investors have to pay 50 per cent of the FPO's offer price per share
Adani Enterprises' Rs 20,000-crore follow-on public offering (FPO) sent shares southwards in Thursday's intra-day trade, as they slumped over 4 per cent and hit a two-month low at Rs 3,446 per share. Analysts, however, suggest subscribing to the offer and re-iterated bullish tone on the counter, given the conglomerate's large play on renewable energy.
"The FPO will be a good buying opportunity for investors as money is allocated towards renewable, road assets, and other infrastructure assets including airports. Since renewable energy is the next growth trigger for the domestic economy, any company which focuses heavily on this form of
First Published: Jan 19 2023 | 11:23 PM IST