Private Equity

PE Fund Investments

Adani Enterprises' Rs.20,000-Cr FPO fully subscribed

Business Standard  

The INR 20,000 crore share sale of Adani Group's flagship firm Adani Enterprises was fully subscribed, with about 4.62 crore shares sought against an offer of 4.55 crore. Non-institutional investors put in bids for over three times the 96.16 lakh shares reserved for them, while the 1.28 crore shares reserved for qualified institutional buyers (QIBs) was almost fully subscribed. Retail investors, for whom about half of the issue was reserved, bid for just 11% of the 2.29 crore shares earmarked for them. Employees sought 52% of the 1.6 lakh shares reserved for them.