Adani Enterprises FPO anchor book draws Rs6,000 cr from investors

Adani Enterprises, flagship of the Adani Group,on Wednesday raised ₹5984.9 crore from 33 foreign and domestic institutional investors including the likes of Singapore based Maybank Securities Pte Ltd, insurance behemoth LIC, SBI Employees Pension Fund, SBI Life Insurance Co, HDFC Life Insurance Co, Abu-Dhabi-based sovereign wealth fund ADIA, Goldman Sachs Investment and Morgan Stanley Asia who bid for the anchor portion of the ₹20,000 crore follow-on public offer by the company. 3,276/- per FPO Equity Share.” Anchor investors have paid half of the ₹5984.9 crore, or ₹1638 per share comprising around ₹2992.45 crore, with the balance amount of ₹1638 per FPO share being payable at one or more calls by the company board. Other large investors included NBFC Winro Commercial which was allocated shares worth ₹334.99 crore, ELM Park Fund, LIC, ADIA, SBI EPF, SBI Life, BNP Paribas Arbitrage, Societe Generale, Goldman Sachs Investment and Morgan Stanley Asia ₹82 crore. “The FPO aims to maximise retail and HNI categories as they are inter -generational investors unlike MFs or DIIs who have a much shorter time horizon for investments," Jugishender “Robbie” Singh, Adani Group CFO, told Mint earlier.