Adani Enterprises FPO, Bumper Earning Opportunity! A major step towards FPO by a major conglomerate – share market update great opportunity investors adani enterprises files papers for rs 20,000-crore fpo
The company has returned nearly 25 times to its investors since its listing in the stock market and now investors will get another opportunity to earn. An FPO of a company can come in the form of partially paid-up shares, which can be paid in installments. Meanwhile, Adani Group has not yet given any reaction on this development.
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Promoter’s stake in the company
The promoters’ stake in Adani Enterprises is 72.36%, according to stock market information. Adani Enterprises is expanding its business rapidly and by raising funds through FPO, the company can further diversify its business. Apart from this, according to sources, the company is also working on acquisition plans.
What is FPO?
FPO stands for Follow On Public Offer is a way for a company to raise money. To get listed on the stock market, a company first comes with an IPO, in which it issues shares. So when a company wants to issue more shares after an IPO, it comes up with an FPO. Companies raise money for tasks such as paying off debt, financing projects or making acquisitions. And for this it raises capital through FPO by issuing additional shares.
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Company shares
Shares of Adani Enterprises were trading up 2.68 percent or Rs 99.90 at Rs 3621.50 in the afternoon session. Shares of the company have a 52-week high of Rs.4,189.55 and a 52-week low of Rs.1,529.55. The total market capitalization of the company is Rs 4,12,908.41 crore.
