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.