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Adani Enterprises’ promoters sets floor price at Rs 282 per share for over 2% stake sale

21 Dec 2012 Evaluate

Adani Enterprises’ promoters, targeting to mop up around Rs 650 crore, has fixed the floor price at Rs 282 per share for selling little over 2 per cent stake in the company.

The sale shall take place on the separate window of the stock exchanges. As on Septmber-end, the promoters hold 79.96% stake in the company.

Adani Enterprises (AEL) is the flagship company of the Adani Group, it is the country's largest coal importer-turned-domestic private mine developer-cum-operator (MDO). The company is truly a diversified asset backed commodities trader, sourcing, producing, marketing and transporting them across the globe.

Peers
Company Name CMP
Redington 369.70
Adani Enterprises 2755.10
Amrapali Industries 34.00
Maxgrow India 175.85
Rashi Peripheral 870.00
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