Adani Enterprises FPO: Adani Enterprises follow-up public offering (FPO) opened on Friday January 27th. In this case, the veteran UAE listed company, International Holding Company (IHC) have also invested money. IHC announced that it has invested in Adani Enterprises FPO through its subsidiary Green Transmission Investment Holding RHC Limited. IHC has invested $400 million (Rs 3261.29 crore) in the issue. Based in Abu Dhabi, the capital of the UAE, IHC is one of the largest companies in the market capitalization there. She had also invested in the anchor book of this FPO.
What did IHC say about Adani Enterprises FPO?
This is not IHC’s first investment in Adani Group
The money IHC has invested in the Adani Enterprises FPO is not IHC’s first investment in Adani Group companies. Last year, IHC had invested US$200 million (Rs.16,300 crore) in Adani Green’s three companies, Adani Green Energy, Adani Transmission and Adani Enterprises. All these three companies are listed on the domestic market.
Details on Adani Enterprises FPO
Adani Enterprises Rs 20,000 crore FPO will open for subscription tomorrow through January 31st. The price range for this IPO is between 3,112 and 3,276 rupees. However, retail investors can get a rebate of Rs 64. Retail investors can invest in lots of four shares. ICICI Securities, Jefferies, SBI Capital Markets, Axis Capital, IDBI Capital, JM Financial, IIFL Securities, Monarch Networth Capital and Elara Capital are the lead managers of the offering.
