Hindenburg Research said that it was shorting Adani group's stocks and accused the firms of 'brazen' market manipulation and accounting fraud
Closing Bell: Sectorally, Nifty IT clocked around a 2 per cent gain, followed by nearly 1 per cent upmove in bank, auto, FMCG and pharma indices. Metals and realty were the only pockets to close lower
AEL will be investing $70 billion in incubating new businesses and at the group level we will be investing close to $107 billion in the next decade, Singh says
Bankers see excess demand in Rs 6,000-cr anchor book
Pricing at a discount but shorting the stock ahead of the FPO won't be as straightforward
Will the IBC overhaul make it more effective? Is the ASER report a wake-up call for the govt? Should you subscribe to Adani Enterprises' Rs 20K-cr FPO? What is the World Economic Forum? Answers here
Issuance of partly paid shares, however, will queer the pitch for arbitrage traders
As per analysts, electrolyser manufacturers, fuel cell makers for non-emission vehicles, traditional players engaged in energy storage solutions or batter makers are among key beneficiaries
No interest to enter telecom sector, says Group CFO
The FPO will open for subscription on January 27 and close on January 31, while the anchor investor's portion will be open a day earlier, the company said
CLOSING BELL: Broader markets, too, were subdued in trade as Nifty MidCap 100 and Nifty SmallCap 100 indices declined up to 0.4 per cent.
Stocks to watch today: Metals and mining major Vedanta will acquire debt-laden power plant Meenakshi Energy for Rs 1,440 crore
The floor price is set at a 13.4 per cent discount to the last close, while the top-end is close to 9 per cent below
The company is tapping industry opportunities, such as green hydrogen, the aviation sector and data centers
Adani Enterprises is planning to launch its Rs 20,000-crore follow-on public offer (FPO) before the Union Budget on February 1
The FCET is scheduled to be launched in India in 2023
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Some of the biggest Adani group backers from the Gulf are likely to be among the largest buyers of the Adani Enterprises' FPO, which is expected to be launched later this month.
Adani Enterprises will need to offer at least 35 per cent of the FPO, worth as much as Rs 7,000 crore, to retail investors
Will pay Rs 48.65 more per share as there was a difference between open offer price and that paid to Roys last week for additional stake, say proxy advisory firms