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Market Chatter: Adani Enterprises Upsizes Institutional Share Sale to INR150 Billion on Strong Demand

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Adani Enterprises (NSE:ADANIENT, BOM:512599) increased the size of its institutional share sale to 150 billion Indian rupees from the initially planned 100 billion rupees after strong demand from local and international investors, Bloomberg News reported Friday.

The offering, launched on Thursday at an indicative price of 2,883 rupees per share, was subscribed 2.4 times, with domestic institutional investors accounting for about 65% of demand and global investors making up the remaining 35%, people familiar with the matter told Bloomberg.

Investors included global asset managers such as BlackRock, Goldman Sachs, The Capital Group and Vanguard, along with Indian mutual funds including ICICI Prudential Asset Management, SBI Funds Management, and HDFC Asset Management.

Adani Enterprises did not immediately respond to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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