Adani Enterprises, which is launching India Inc's second-largest follow-on public offer worth Rs 20,000 crore next week, on Thursday said it is planning to enter the water segment as this is a key element of its core business of infrastructure.
The group is into the entire gamut of infrastructure -being its ports, airports, roads, expressways power generation & distribution, among others. In ports and airports, the group is the largest player in the private sector.
Addressing media from Milan, group chief financial officer Jugeshinder Singh said the company has fixed the price band for the Rs 20,000-crore issue in the range of Rs 3,1123,276 per share.
If fully subscribed, the Adani share sale will be the second largest FPO in India Inc after Coal India's Rs 22,558 crore issue in 2015. The coal major's bumper Rs 15,199 crore IPO in October 2010 was the biggest till then.
This story is from the January 20, 2023 edition of Millennium Post Delhi.
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This story is from the January 20, 2023 edition of Millennium Post Delhi.
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