Adani 20000 cr. FPO Open | Inside story

On a day when an investment research firm with a focus on activist short-selling alleged serious financial risks at Adani group, the anchor investor book of the follow-on public offer of Adani Enterprises (AEL) was subscribed by 1.5 times by 33 funds and investors.

Anchor investors bid for shares worth ₹9,000 crore in the country’s largest FPO for ₹6,000 crore worth of shares up for allocation. AEL will raise ₹20,000 crore through the FPO.