Adani Power’s IPO has received SEBI approval. The co is likely to offer ~26.7 crores shares garnering Rs. 5800 crores (Rs 217 per share?).
The parent co (Adani Enterprises) currently holds ~86.45% stake in the company, which will be diluted to 74% post IPO. According to Money Control, this price is at a substantial premium to its valuation.
The parent co (Adani Enterprises) currently holds ~86.45% stake in the company, which will be diluted to 74% post IPO. According to Money Control, this price is at a substantial premium to its valuation.
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