THE ongoing tussle between Adani Group and Hindenburg Research has dented the demand of Adani Enterprises' ₹20,000 crore follow-on public offer (FPO). On the second day, the FPO was subscribed just 3% with the company receiving bids for 13,98,516 shares against the total issue size of 4,55,06,791 shares, showed the stock exchange data.
However, the follow-on offer got a major boost as Abu Dhabi's largest listed company International Holding Company (IHC) said it would invest $ 400 million or ₹3,200 crore in the FPO.
The retail portion was subscribed just 4% as the company received bids for 9,76,944 shares from retail investors as against 2,29,08,464 shares reserved for them. High net-worth individuals bid for 9,76,944 shares against the portion of 96,16,323 shares reserved for them. The response from qualified institutional investors was also weak as the company received bids for just 4,576 shares as against 1,28,21,336 shares on offer.
Bu hikaye The Morning Standard dergisinin January 31, 2023 sayısından alınmıştır.
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Bu hikaye The Morning Standard dergisinin January 31, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Giriş Yap
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