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Adani Enterprises raises Rs 5,985 crore from anchor investors ahead of FPO

27 Jan 2023 Evaluate

Adani Enterprises has raised Rs 5,985 crore from anchor investors ahead of its follow on public offering (FPO). 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. Foreign investors who have been allocated shares include Abu Dhabi Investment Authority, BNP Paribas Arbitrage, Societe Generale, Goldman Sachs Investment (Mauritius), Morgan Stanley Asia (Singapore) Pte, Nomura Singapore Ltd and Citigroup Global Markets Mauritius.

The Rs 20,000 crore- follow on public offering of the company is slated to open on January 27, 2023 and close on January 31, 2023. It will sell shares in the price band of Rs 3,112 to Rs 3,276 apiece. It will offer a Rs 64 per share discount to retail investors in FPO where the bid lot has been set at four and multiple of four shares. Out of the Rs 20,000 crore proceeds from the FPO, Rs 10,869 crore will be used for green hydrogen projects, work at the existing airports and construction of a greenfield expressway. An amount of Rs 4,165 crore will be utilised for 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

2216.05 -2.30 (-0.10%)
20-Apr-2026 09:43 View Price Chart
Peers
Company Name CMP
Redington 230.30
Adani Enterprises 2216.05
Amrapali Industries 17.53
Rashi Peripheral 480.85
PDS 293.00
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