Adani looks to enter in water segment, to launch ₹20,000 cr FPO next Friday
The massive share sale via FPO would is expected to support the Group to meet multiple goals.
If the FPO is fully subscribed, then Adani's ₹20,000 crore offer will become the second largest follow-on public offer in India after Coal India's ₹22,558 crore issue in 2015.
Adani Enterprises is likely looking to enter the water segment by tapping water purification, treatment, and distribution areas as this is seen as a key element for its core business of infrastructure. The Adani Group's flagship company which is set to launch the second largest follow-on public offer (FPO) in India next week, has a diverse business portfolio across ports, airports, roads, expressways power generation, and distribution, among others.