{"id":548746,"date":"2023-01-20T09:49:40","date_gmt":"2023-01-20T04:19:40","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=548746"},"modified":"2023-01-20T11:22:33","modified_gmt":"2023-01-20T05:52:33","slug":"shares-of-adani-enterprises-decline-after-fpo-pricing-down-over-4","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/shares-of-adani-enterprises-decline-after-fpo-pricing-down-over-4\/","title":{"rendered":"Shares of Adani Enterprises decline after FPO pricing, down over 4%"},"content":{"rendered":"<p>Shares of Adani Enterprises (AEL) fell as much as 4.7 per cent on Thursday after the company set the price band for its follow-on public offering (FPO) between 9 per cent and 13 per cent lower. The stock recovered slightly to finish at Rs 3,462, down 3.7 per cent over its previous day\u2019s close.<\/p>\n<p>AEL has set the price band for its Rs 20,000-crore FPO at Rs 3,112-Rs 3,276 per share. Retail investors \u2014those applying for shares worth less than Rs 2 lakh \u2014 are getting an additional discount of Rs 64 per share.<\/p>\n<p>Selling pressure during any kind of follow-on share sale is not uncommon as arbitrage traders look to sell already listed shares in the secondary market and seek to subscribe to discounted shares. However,<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Shares of Adani Enterprises (AEL) fell as much as 4.7 per cent on Thursday after the company set the price band for its follow-on public offering (FPO) between 9 per cent and 13 per cent lower. The stock recovered slightly to finish at Rs 3,462, down 3.7 per cent over its previous day\u2019s close. AEL has set the price band for its Rs 20,000-crore FPO at Rs 3,112-Rs 3,276 per share. Retail investors \u2014those applying for shares worth less than Rs 2 lakh \u2014 are getting an additional discount of Rs 64 per share. Selling pressure during any kind of [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-548746","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548746","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=548746"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/548746\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=548746"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=548746"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=548746"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}