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Adani Power IPO to Open for Subscription on July 28

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MUMBAI: Adani Power Ltd, a power project development company promoted by Adani Enterprises Ltd, plans to tap the capital markets on July 28 with an initial public offering of 301,652,031 equity shares of Rs 10 each at a price to be decided through the book-building process. ( Watch )

The issue would constitute 13.84% of the post-issue paid-up capital. It includes a reservation of up to 8,000,000 shares for employees. The net issue is for 293,652,031 shares, and constitutes 13.47% of the post-issue capital. The IPO closes on July 31.

The Shares will be listed on National Stock Exchange and Bombay Stock Exchange.

The global coordinator and book running lead manager is DSP Merrill Lynch.

Source: economictimes.indiatimes.com

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