Gautam Adani’s company has given bumper returns to investors. The company has returned 26 times to investors since its listing on the stock market. The board meeting of Adani Enterprises will be held on November 25 in Ahmedabad.
Promoter’s stake is 72.36 percent
The possibility of raising funds through FPO or preferential allotment will be discussed in the board meeting of the company. If the board approves the opening of the FPO, the permission of SEBI will have to be sought. According to the information given to the stock market, the promoters’ stake in the company is 72.36 percent. Adani Enterprises is expanding its business rapidly. By raising funds through FPO, a company can further diversify its business. According to sources, the company is also working on acquisition plans.
4,098 as high as Rs
Adani Enterprises share is currently trading around Rs.4 thousand. The shares have a 52-week high of Rs.4,098 and a 52-week low of Rs.1,529. The market capitalization of the company on BSE is Rs 4,50,212 crore.
What is FPO?
FPO stands for Follow On Public Offer. This is a way for the company to raise money. A company first comes up with an IPO to get listed on the stock market. In this they issue shares. A company comes up with an FPO when it wants to issue more shares after the IPO. Companies raise money for tasks such as paying off their debt, financing projects, or making acquisitions. For this, companies raise capital through FPO by issuing additional shares.