Gautam Adani's company Adani Enterprises is coming up with its Follow on Public Offer (FPO).
Adani Enterprises FPO Update:
Adani Enterprises has given excellent returns to investors. And now the company wants to raise Rs 20,000 crore through FPO.
Let us tell you that since its listing on the stock exchanges, this company has given about 25 times the return.
According to market experts, this FPO may come in the form of partly paid-up shares. Which can be paid in installments.
According to the data from the stock exchanges, the promoters' stake in Adani Enterprises is 72.36 percent.
Let us tell you that Follow on Public Offer (FPO) is a way of raising money for a company.
When a company wants to issue more shares after the IPO, it comes up with an FPO. For this, it issues additional shares.
Share details of Adani Enterprises:
Total market capitalization:
According to sources, Adani Enterprises can further diversify its business by raising funds through FPO.
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