Adani Enterprises FPO: Group CFO says significant participation likely from institutional, strategic investors

Singh stated his organization selected the fund elevating mechanism carefully. He stated the FPO mechanism gave Adani Enterprises the power to fill the ee-e book primarily based totally on the overall subscription, which now might be led majorly with the aid of using institutional and long-time period strategic ee-e book.

Adani Group CFO Jugeshinder Singh says he's assured the Rs 20,000 crore observe on public provide (FPO) with the aid of using Adani Enterprises will sail thru and that his organization isn't always trying to make any adjustments with appreciate to both rate band or provide period. In an unique interview to Siddharth Zarabi, Managing Editor, Business Today Television, Singh stated the FPO will continue as planned.

Singh stated his organization selected the fund elevating mechanism carefully. He stated the FPO mechanism gave Adani Enterprises the power to fill the ee-e book primarily based totally on the overall subscription, which now might be led majorly with the aid of using institutional and long-time period strategic ee-e book. Singh turned into requested on what takes place to the FPO`s retail component after a pointy selloff on Friday dragged costs of Adani Enterprises beneath the decrease quit of the rate band of Rs 3,112.