Adani Enterprises has submitted a request for a follow-on public offering to the national markets regulator with the goal of raising 20,000 crores through the FPO.
On January 9, 2022, Moneycontrol reported that Adani Enterprises planned to file papers with the Securities and Exchange Board of India (Sebi) and had enlisted additional investment bankers for the proposed transaction.
The report also stated that, depending on market conditions and investor interest, the launch of the deal, which is being planned under Sebi’s “fast-track” mechanism, could occur before March 31.
The FPO is expected to be for partially paid-up shares with payments in multiple installments. Adani Group has not yet commented on the development.
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