Adani Enterprises sets floor price at `248 a share for OFS
The offer, if fully subscribed, may fetch Adani `173.60 crore
New Delhi: Adani Enterprises Ltd on Tuesday set the floor price at ₹ 248 per share for selling 7 million shares of the company held by Adani Agro, one of the promoter group firms, through offer for sale (OFS) on Wednesday.
“...the floor price for the sale is ₹ 248 per equity share of Adani Enterprises," it said in a BSE filing.
At the base price, which is more than 2% higher than Tuesday’s closing price on the BSE, the promoter group firm could fetch ₹ 173.60 crore through OFS, if fully-subscribed.
Shares of Adani Enterprises closed at ₹ 242.70 apiece on Tuesday, down 1.32% over Monday’s closing, on the BSE. The benchmark Sensex lost 0.46% to 19,659.82 points.
The shares, being offered for bidding, amount to 0.64% of company’s total equity shares as on 31 December, 2012.
Currently, Adani Agro holds 8.96% stake in Adani Enterprises.
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