Adani Group Now Opens Plans To Enter Water Supply Segment

Adani Group : The Adani Group of Asia’s richest man Gautam Adani is now going to step into the new business. Adani group is now working on a plan to supply water in the country. The Adani Group, which has a strong hold in the infrastructure sector in the country, is already working to provide door-to-door electricity and LPG supply. Gautam Adani is now increasing his steps in the business of water purification, after the arrival of this news, discussion has started in the business world related to water. Know what is the big update…

Water purification will be done

According to media reports, Adani Group is planning to supply water in the country. Adani Enterprises is now going to enter from water purification to its distribution segment. If Adani Group is to be believed, this is a very important area in terms of infrastructure sector.

Know what the company said

Adani Group’s Chief Financial Officer Jugshinder Singh (Jugshinder Singh, Chief Financial Officer, Adani Group) in a conversation with the media has described the company’s entry into the water segment as important for the company. He said that Adani Group is a major company in the country’s infrastructure sector. We are working in this sector from last 20 years. Hence we are excited to enter into the water purification, purification and distribution sector. He says that the company is looking for possibilities and opportunities in this sector. Along with this, the company is looking to establish joint venture projects and its acquisition in this segment.

20,000 crore FPO will open on January 27

Adani Enterprises is going to start its Follow on Public Offer (FPO) next week on 27 January 2023. Through this, the company’s intention is to raise Rs 20,000 crore. The price band for this FPO has been kept at Rs 3,112 to Rs 3,276 per share. This is the second largest FPO in the country after Coal India’s Rs 22,558 crore FPTO in 2015. The FPO of the company will open on 27 January 2023 and close on 31 January. It is known that for big investors it will open 1 day before.

Share will be issued here

It is known that the price band of FPO has been announced by Adani Enterprises. A discount of 13.5 percent is being given on the lower band. While a separate discount of Rs 64 has been given to retail investors. Anchor investors will be able to apply in the FPO of Adani Enterprises on January 25, 2023. The company will issue shares on Partly Paid Basis.

The inputs in this news have been taken from the language.

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