Rs 20,000-crore FPO to increase retail participation in Adani Enterprises

No interest to enter telecom sector, says Group CFO

Dev Chatterjee Mumbai

Photo: Kamlesh Pednekar

The Rs 20,000-crore follow-on public offer (FPO) of Adani Enterprises will increase retail participation in the company’s growth story and add to wealth creation for millions of new investors, Jugeshinder Singh, CFO of the Adani Group said in a news conference today. Singh said the Adani Enterprises incubated several highly profitable new businesses and the follow-on offer will increase the shareholders register and give an opportunity to new investors across the country to participate in India’s wealth creation story. Singh made it clear that the Adani group has no specific interest in the telecom sector on a query about acquiring spectrum in the auction last year for its captive use.

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First Published: Jan 19 2023 | 7:59 PM IST

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