Adani Enterprises’ share sale offer fully-subscribed

Offer got 7.86 million cumulative at an indicative price of Rs.250.79 per share against the floor price of Rs.248
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First Published: Wed, Feb 06 2013. 08 09 PM IST
At the floor price of `248, the company would raise at least `173.6 crore. Photo: Mint
At the floor price of Rs.248, the company would raise at least Rs.173.6 crore. Photo: Mint
Updated: Wed, Feb 06 2013. 08 38 PM IST
New Delhi: Adani Enterprises Ltd’s offer for sale of 7 million shares was oversubscribed, data on the Bombay Stock Exchange showed on Wednesday.
The share sale offer received 7.86 million cumulative bids at an indicative price of Rs.250.79 apiece. The floor price for the offer was fixed at Rs.248, at which the company would raise at least Rs.173.6 crore.
The offer size is 0.64% of company’s total equity. Shares of Adani Enterprises rose 1.81% to close at Rs.247.10 apiece on Wednesday. The benchmark Sensex fell 0.10% to 19,639.72 points.
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First Published: Wed, Feb 06 2013. 08 09 PM IST
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