Adani Ent collects Rs 5,985 cr from anchor investors ahead of FPO
Gautam Adani-led group's flagship firm Adani Enterprises Ltd on Wednesday said it has raised Rs 5,985 crore from anchor investors ahead of its follow on public offering.
The company has decided to allot a total of 1,82,68,925 equity shares to 33 funds at Rs 3,276 apiece, taking the transaction size to Rs 5,985 crore, according to a circular uploaded on the BSE website.
Foreign investors who have been allocated shares include Abu Dhabi Investment Authority, BNP Paribas Arbitrage, Societe Generale, Goldman Sachs Investment (Mauritius) Ltd, Morgan Stanley Asia (Singapore) Pte, Nomura Singapore Ltd and Citigroup Global Markets Mauritius.
A slew of domestic institutional investors, including LIC, SBI Life Insurance Company, HDFC Life Insurance Company and State Bank Of India Employees Pension Fund, also participated in the anchor book.
The Rs 20,000 crore-Follow On Public Offering (FPO) of the company is slated to open on January 27 and close on January 31. It will sell shares in the pr