{"id":551165,"date":"2023-01-31T09:26:25","date_gmt":"2023-01-31T03:56:25","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=551165"},"modified":"2023-01-31T10:11:39","modified_gmt":"2023-01-31T04:41:39","slug":"adani-enterprises-fpo-garners-3-on-day-2-ihc-throws-rs-3200-cr-lifeline","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/adani-enterprises-fpo-garners-3-on-day-2-ihc-throws-rs-3200-cr-lifeline\/","title":{"rendered":"Adani Enterprises FPO garners 3% on Day-2; IHC throws Rs 3,200-cr lifeline"},"content":{"rendered":"<p>The follow-on public offering (FPO) of Adani Enterprises (AEL) was subscribed only 3 per cent on Monday. The issue, which closes on Tuesday, will require bids of more than Rs 13,000 crore to garner the full subscription.<\/p>\n<p>The Gautam Adani flagship firm, however, will be buoyed by Abu Dhabi-based International Holding Company\u2019s (IHC\u2019s) decision to invest $400 million (Rs 3,260.8 crore at the current exchange rate of Rs 81.52 to the US dollar) in the share sale. The investment \u2014 about 16 per cent of the issue size \u2014 will be made on the final day.<\/p>\n<p>So far, the offering has garnered bids worth only Rs 450 crore. In addition, AEL has received commitments for Rs 5,985 crore from anchor investors.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The follow-on public offering (FPO) of Adani Enterprises (AEL) was subscribed only 3 per cent on Monday. The issue, which closes on Tuesday, will require bids of more than Rs 13,000 crore to garner the full subscription. The Gautam Adani flagship firm, however, will be buoyed by Abu Dhabi-based International Holding Company\u2019s (IHC\u2019s) decision to invest $400 million (Rs 3,260.8 crore at the current exchange rate of Rs 81.52 to the US dollar) in the share sale. The investment \u2014 about 16 per cent of the issue size \u2014 will be made on the final day. So far, the offering [&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-551165","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\/551165","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=551165"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/551165\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=551165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=551165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=551165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}