Adani Enterprises raised Rs 5,985 crore from anchor investors; The FPO offer will end on January 31

New Delhi: Ahead of the proposed FPO of Adani Enterprises Ltd, 1,82,68,925 FPO equity shares have been allotted to 33 anchor investors. Ltd. raised Rs 5,985 crore through this. The issue was made in a higher price band of Rs 3,276 per FPO equity share.

The FPO offer price band has been fixed at Rs 3,112 to Rs 3,276 per FPO equity share. A minimum of four FPO equity shares and then multiples of four can be applied for. The FPO equity shares under the retail arm of the offer will be available to retail investors at a discount of Rs 64 per share. The FPO offer will end on January 31.

Story Highlights: Adani Enterprises (AELs) on Wednesday allotted 18.26 million shares worth Rs 5,985 crore to over 39 institutional investors