Adani Agro sells 70 lakh shares in Adani Ent for Rs 175 cr
Quotes

Adani Agro sells 70 lakh shares in Adani Ent for Rs 175 cr

Last Updated: Thursday, February 07, 2013, 21:15
 
 Comment 0
 
Adani Agro sells 70 lakh shares in Adani Ent for Rs 175 cr
New Delhi: Adani Enterprises share sale was over-subscribed on Wednesday, with a promoter group entity Adani Agro selling 70 lakh shares for around Rs 175 crore through offer for sale route.

According to data available with BSE, where the share sale was conducted on a separate window, the offer got 78,61,463 lakh bids till 15.30 hrs at an indicative price of Rs 250.79 a share against the floor price of Rs 248.

"The clearing price up to which the bids have been considered for allocation is Rs 249 per share. The bids at or above the clearing price of Rs 249 have been considered for allocation," the company said in a note.

Meanwhile, shares of Adani Enterprises on Wednesday settled at Rs 247.10 apiece, up 1.81 percent from its previous closing in BSE.

Post share sale, Adani Agro's stake will come down to 8.32 percent from 8.96 percent.

Promoters of Adani Enterprises hold 77.87 percent in the company, as on December-end.

PTI



First Published: Wednesday, February 06, 2013, 15:25


Comments


comments powered by Disqus
India`s top ten billionaires
India`s top ten billionaires
Pradhan Mantri Jan Dhan Yojana - In Pics
Pradhan Mantri Jan Dhan Yojana - In Pics
Apple Smartwatch unveiled
Apple Smartwatch unveiled
Apple iPhone 6, iPhone 6 plus
Apple iPhone 6, iPhone 6 plus
Samsung Galaxy Tab 4 Nook
Samsung Galaxy Tab 4 Nook

Web Wrap
Contact Us : Privacy Policy : Legal Disclaimer
Copyright © Zee Media Corporation Ltd. All rights reserved