The ongoing FPO by Adani Enterprises could get a boost on Tuesday with investments worth about ₹9,000 crore expected from family offices in Dubai and India.
A family office is an entity created by high net-worth individuals to manage their money-related matters including investments.
Sources said that the Adani group has received interest from several family offices and a formal announcement will come soon. This will be in addition to the ₹6,000 crore from anchor investors and ₹3,200 crore from International Holding Company. The fresh investments will take Adani Enterprise closer to its target of ₹20,000 crore from the FPO.
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.