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Adani Enterprises files for Rs 20,000 crore FPO

19 Jan 2023 Evaluate

Adani Enterprises (AEL) has filed an offer letter with stock exchanges for a proposed Rs 20,000 crore follow-on public offer (FPO). The FPO of Adani Enterprises is planned to open on January 27 and close on January 31.

Of the Rs 20,000 crore proceeds of the FPO, Rs 10,869 crore will be used for green hydrogen projects, work at the existing airports and construction of a greenfield expressway. Another Rs 4,165 crore will go towards repayment of debt taken by its airports, road and solar project subsidiaries.

Adani Enterprises (AEL) is the flagship company of Adani Group, one of India’s largest business organisations.

Adani Enterprises Share Price

3136.50 100.40 (3.31%)
01-Jul-2026 14:35 View Price Chart
Peers
Company Name CMP
Redington 273.75
Amrapali Industries 30.67
Adani Enterprises 3136.50
Rashi Peripheral 788.65
PDS 365.25
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