4774

Adani Enterprises sets floor price at Rs.248 a share for OFS

The offer, if fully subscribed, may fetch Adani Rs.173.60 crore
PTI Mail Me
Comment E-mail Print Share
First Published: Tue, Feb 05 2013. 11 55 PM IST
Shares of Adani Enterprises closed at `242.70 per share, down 1.32% over the previous closing, on the BSE today. Photo: Mint
Shares of Adani Enterprises closed at Rs.242.70 per share, down 1.32% over the previous closing, on the BSE today. Photo: Mint
New Delhi: Adani Enterprises Ltd on Tuesday set the floor price at Rs.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 Rs.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 Rs.173.60 crore through OFS, if fully-subscribed.
Shares of Adani Enterprises closed at Rs.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.
Comment E-mail Print Share
First Published: Tue, Feb 05 2013. 11 55 PM IST
More Topics: Adani Agro | Adani Enterprises | OFS | shares |
blog comments powered by Disqus
  • Wed, Aug 27 2014. 05 55 PM
  • Wed, Aug 20 2014. 07 26 PM
ALSO READ close

Finance ministry raises retail investor quota in OFS to 20%

Subscribe |  Contact Us  |  mint Code  |  Privacy policy  |  Terms of Use  |  Advertising  |  Mint Apps  |  About HT Media  |  Jobs
Contact Us
Copyright © 2014 HT Media All Rights Reserved