FPO of Adani Enterprises opened today, check details here for earning

Adani Enterprises Limited FPO: If you are planning to invest, then today is going to be a great day for you. Because today the FPO of Adani Enterprises Limited of Adani Group has opened and there is a lot of discussion going on in the market regarding this FPO. You can also get good returns by investing in this FPO. The company has filed an offer letter with the stock exchanges for a follow on public offer (FPO) of Rs 20,000 crore. It is the flagship company of the group headed by the country's veteran billionaire businessman Gautam Adani.

According to the offer letter, Adani's FPO opens today, January 27, and will close on January 31. Under the FPO, the company has fixed a price band of Rs 1556 to Rs 1638 per share. On Wednesday, the company's shares closed at Rs 3,595.35 on the BSE.

If you have opened a demat account, then through that you can easily invest in this FPO online. On investing online, you have been given different options for individuals and employees to invest in it. On which you will be able to invest online.

Of the Rs 20,000 crore raised from the FPO, Rs 10,869 crore will be used for green hydrogen projects, the development of existing airports, and the construction of new expressways. Apart from this, Rs 4,165 crore will be used to repay loans taken by subsidiaries of airports, roads, and solar projects.

The Adani Group started as a trader and today its business spans ports, coal mining, airports, data centers, and cement as well as green energy. AEL is India's largest listed business incubator and is involved in four major industry sectors – Energy & Utilities, Transport & Logistics, and Consumer and Primary Industries.

The company has said that it has helped in setting up new businesses for the Adani Group in the last few years. Developed them as a large and self-sustaining business segment and later separated them as an independent listed platform. The company's current portfolio includes a green hydrogen ecosystem, data centers, airports, roads, food FMCG, digital, mining, defense, and industrial manufacturing. Explain that the company is taking advantage of new opportunities, which include green hydrogen, the aviation sector, and data centers. The debt of the company till September 30, 2022, was Rs 40,023.50 crore.