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No change in FPO price, schedule: Adani Group

Amid speculation that Adani Enterprises may be forced to amend its Rs 20,000-crore follow-on public offer after a plunge in its stock price, the company clarified that its FPO remains on schedule at the set issue price. The flagship of the Adani Group had fixed the FPO at Rs 3,112-Rs 3,276 per share. However, on Friday, the first day of retail bidding for the FPO, the stock closed at Rs 2,762 on BSE.

Amid speculation that Adani Enterprises may be forced to amend its Rs 20,000-crore follow-on public offer after a plunge in its stock price, the company clarified that its FPO remains on schedule at the set issue price. The flagship of the Adani Group had fixed the FPO at Rs 3,112-Rs 3,276 per share. However, on Friday, the first day of retail bidding for the FPO, the stock closed at Rs 2,762 on BSE. from Times of India https://ift.tt/bYmsxMp
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