×
Home Companies Industry Politics Money Opinion LoungeMultimedia Science Education Sports TechnologyConsumerSpecialsMint on Sunday
×

Adani Power may raise Rs2,200 cr through IPO

Adani Power may raise Rs2,200 cr through IPO
Comment E-mail Print Share
First Published: Fri, Jun 26 2009. 10 08 PM IST
Updated: Fri, Jun 26 2009. 10 08 PM IST
New Delhi:Adani Power Ltd, a unit of Adani Enterprises Ltd, plans to raise around Rs2,200 crore selling shares in an initial public offer by the fourth week of July.
The exact amount will depend on the market, Ameet Desai, director of the Adani Group, said on Friday at a plant site in Mundra.
Adani Power plans to sell 337.7 million shares at a price to be decided at a later date, according to the draft offer document dated 20 April. The company said 8 million shares will be reserved for employees.
Comment E-mail Print Share
First Published: Fri, Jun 26 2009. 10 08 PM IST
More Topics: IPO | Money | Adani | Power | Energy |