Adani OFS subscribed 1.04 times

Promoters of Adani Enterprises successfully diluted 2.09% stake or 2.3 crore shares via offer for sale (OFS) to comply with the minimum public shareholding norms that require the promoter holding to be brought down to 75%.

The issue was subscribed 1.04 times. According to BSE data, the issue received bids for 2.38 crore shares against the offer size of 2.3 crore shares at a clearing rate of R283 per share. Based on the clearing rate, the promoters have raised a little over R650 crore.

Please read our terms of use before posting comments
TERMS OF USE: The views, opinions and comments posted are your, and are not endorsed by this website. You shall be solely responsible for the comment posted here. The website reserves the right to delete, reject, or otherwise remove any views, opinions and comments posted or part thereof. You shall ensure that the comment is not inflammatory, abusive, derogatory, defamatory &/or obscene, or contain pornographic matter and/or does not constitute hate mail, or violate privacy of any person (s) or breach confidentiality or otherwise is illegal, immoral or contrary to public policy. Nor should it contain anything infringing copyright &/or intellectual property rights of any person(s).
comments powered by Disqus