Adani FPO subscribed 1% on opening day

Quick Summary:

Against an offer of 4.55 crore shares of Adani Enterprises Ltd, only 4.7 lakh were subscribed, according to information available from the BSE.

Out of the Rs 20,000-crore proceeds from the FPO, Rs 10,869 crore will be used for green hydrogen projects, work at the existing airports and construction of a greenfield expressway.

That report came on a day the follow on public offer (FPO) opened for institutional investors on Wednesday.

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Author / Journalist: Press Trust of India ( )

Category: StartupsEconomyBusiness

Markets: IndiaCubaMauritiusSingapore

Topics: Just In Adani Group BSE

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2023-01-28 @ 05:35:28 (1 months ago)

News Timezone: GMT +8:00

News Source URL: yourstory.com

Language: English

Article Length: 421 words

Reading Time: 3 minutes read

Sentences: 17 lines

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News ID: 4877927

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