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Adani Enterprises' ₹20,000-crore FPO fully subscribed on last day
short by Pragya Swastik / on Tuesday, 31 January, 2023
Adani Enterprises' ₹20,000-crore follow-on public offering (FPO), India's biggest-ever FPO, was fully subscribed on the third and final day of bidding. The demand was spearheaded by non-institutional investors, and the portion was subscribed 3.26 times. The portions for institutional investors and retail investors were subscribed 97% and 11%, respectively.
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