Adani Enterprises FPO Date: Price, About the Company and Latest News!

You can find information about Adani Enterprises FPO Date, Price, Company Profile, and Latest News on the official website as well as this page. As per a report by the Economic Times, ICICI Securities and Jefferies have been appointed by the company to raise capital through an FPO.

Adani Enterprises FPO Date

Adani Enterprises, the parent company of the Adani Group, wants to sell shares to the public through an FPO (Follow-on Public Offering) to spread out its equity interests. Concerns had been made in the past about the small number of public shareholders in some of the group’s companies.

This page has information about Adani Enterprises’ FPO Date, Price, Company Profile, and Latest News. The FPO for Rs 20,000 crore has been accepted by the board. This was announced on Friday. Thisis is the biggest FPO in the country, beating the record set by YES Bank in July 2020, when it raised Rs 15,000 crore.

Adani Enterprises FPO Date: Price, About the Company and Latest News!

Adani Enterprises will ask shareholders to approve the FPO through a mail-in vote, and each share will be worth one dollar. This is the second time the company has tried to get money from the people. In January 2022, Adani Wilmar held an FPO for Rs 3,600 crore.

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What is the Adani Enterprises FPO Price?

Adani Enterprises cleared a further public offering (FPO) of Rs 20,000 crore worth of shares on Friday. A board meeting was held in Ahmedabad to talk about how the company was going to raise money. The FPO will involve giving out new equity shares and will help billionaire Gautam Adani’s big plans for growth.

Through the FPO, the company could get up to Rs. 20,000 crores.

Adani Enterprises FPO: About the Company

Adani Enterprises, the largest company in the Adani Group, is going to sell new shares to raise a total of INR 20,000 crore. This will make its follow-on public offer (FPO) the biggest in India. It beat the record set by Yes Bank’s FPO in July 2020, which was INR 15,000 crore.

Adani Enterprises can improve its balance sheet and fund new projects this fiscal year with the help of the fundraising effort. The FPO will bring in more investors, which will make it easier to buy and sell shares of the business. At the moment, the flagship owners, like billionaire Gautam Adani and his family, control about 73% of the company.

The public owns the other 27%. In the public shareholder group, however, only a few shares are owned by individual investors. Several investment funds in Mauritius have held Adani Enterprises shares for years. LIC, an institutional investor, owns about 4% of the company. It is the most important owner in the company who is not a promoter.

Some Latest News About Adani Enterprises

A filing on the stock market on Friday said that the board of Adani Enterprises Ltd, which is run by Gautam Adani, approved funding of up to 20,000 crores through an Adani Enterprises FPO Date. The company will send out mail ballots to owners to get their approval for the share sale.

If the company is able to raise all 20,000 crores, it will be the largest FPO the country has ever seen, bigger than Yes Bank’s FPO in July 2020, which raised 15,000 crores. According to a November 24 article in Mint, the money raised through the FPO will help the group grow into green and digital businesses and give it most of the stock it needs to reach its growth goals over the next three to five years.

Adani Enterprises FPO Date: Price, About the Company and Latest News!

In September, the second-richest person in the world, Gautam Adani, said that his company would spend $100 billion over the next ten years, mostly in digital and energy-related industries like aerospace and defense, metals, and petrochemicals. 70% of the money will be spent on making the switch to clean energy.

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Adani emphasized the organization’s goals by saying, “Our resolve is to invest $70 billion in an integrated hydrogen-based value chain.” If you have any questions about the Adani Enterprises FPO Date, please let us know in the comments.

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