Adani FPO open from Friday: Dates, price band, review, other details in 10 points

by The Economic Times

The Economic Times— The basis of allotment of FPO would be finalised by 3 February and shares would be credited to successful applicants' demat accounts by 7 February. The new equity shares would be available for trading the next day on 8 February.

Mint—Adani News Live Updates: Adani Ent, Adani Ports share price hits 10% upper circuit, others still bleed | Mint. Adani Enterprises News Live updates: Subscriptions in Adani's ₹20,000 crore FPO opened on January 27 on exchanges, and will close on January 31st. The floor price for the FPO is fixed at a minimum of ₹3,112 and the cap price is ₹3,276 per FPO equity share for all categories of investors.—Adani Row Causes Protests, Disruptions In Parliament Again: 10 Points. Both parliament houses were adjourned till lunch on Friday as opposition parties, for the second day, called for a discussion and an investigation into allegations of fraud against the Adani Group that have triggered a bloodbath at the stock market.

The Economic Times—Adani Enterprises FPO opens: Should you ignore Hindenburg report to subscribe?. Proxy advisor InGovern Research said the strategically timed release of the Hindenburg report on the eve of the FPO seems to indicate that there was some objective to scare investors.