2023
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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How much was Adani Enterprises’ follow-on public offer (FPO) fully subscribed for?
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10,000 crore
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20,000 crore
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25,000 crore
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15,000 crore
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Explanation:
Detailed explanation-1: -Adani Enterprises’ Rs 20, 000-Crore FPO Subscribed 1.12 Times On Final Day.
Detailed explanation-2: -The FPO shares have a face value of ₹1. Adani Enterprises FPO price band is fixed at ₹3112 to ₹3276 per share. Retail investors will receive ₹64 discount on the price band.
Detailed explanation-3: -Local mutual funds did not participate. Mumbai: The ₹20, 000-crore follow-on public offering (FPO) of Adani Enterprises Ltd (AEL) was fully subscribed on the final day of the offer Tuesday, January 31, thanks to late demand from family offices, corporates, and foreign investors.
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