Adani FPO: What saved the issue on the last day of bidding?
While the retail investors stayed away from the follow-on-pubic offer, the institutional investors saved the day for the India's biggest FPO
Just about a week ago, the Street was awaiting India's largest follow-on-public offer (worth ₹20,000 crore) which was about to be floated by one of the India's biggest conglomerates. Investors - retail and institutional - were waiting for the issue to open to buy shares of Adani Enterprises at a bit of a discount from the market price.
As of now there is no confirmation from official sources as to who invested how much money. But we will know more in the coming days as to who helped the FPO sail through and what the listing price for the same could be
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