Adani Enterprises FPO: What GMP signals as issue opens on Friday
- Adani Enterprises FPO GMP today has tumbled after the newsbreak of Hindenburg Research taking short position in Adani group stocks, believe market observers
Adani Enterprises FPO: The follow-on public offer (FPO) of Adani Enterprises Ltd is going to open for subscription on 27th January 2023. The FPO worth ₹20,000 crore will remain open for bidding till 31st January 2023. The Adani group company has already fixed Adani Enterprises FPO price band at ₹3,112 to ₹3,276 per equity share. The management of this flagship Adani group company has already announced that net proceeds of the follow-on issue will be used for debt repayment and capital expenditure requirements of the company and its subsidiaries.
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