Adani Enterprises Ltd, the flagship firm of the group led by Indian billionaire Gautam Adani, on Wednesday announced the floor price for its follow-on public offer (FPO). 20,000 crores.
The company has fixed the floor price 3,112 per equity share, which opens on January 27. The cap price of the offer has been fixed 3,276 per share for all categories of investors.
Adani Enterprises has also approved the waiver 64 per FPO equity share for retail individual investors bidding in the retail portion of the offer.
It has also fixed a “minimum bid lot of four FPO equity shares and thereafter in multiples of four FPO equity shares”.
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