Replace on proposed IPO of Adani Wilmar





Adani Enterprises introduced that it has been knowledgeable by Adani Wilmar (AWL) (a 50:50 three way partnership firm between the Adani group and the Wilmar group) that the IPO Committee of AWL in session with the E book Operating Lead Managers have finalised the Worth Band to vary between Rs. 218 to Rs. 230 per Fairness Share of face worth of Rs. 1/- every.

Additional, the Fairness Shares aggregating as much as Rs. 107 crore will probably be obtainable for allocation to sure Eligible Staff and Fairness Shares aggregating as much as Rs. 360 crore will probably be obtainable for allocation to sure Eligible AEL Shareholders, within the method described within the purple herring prospectus dated 19 January 2022 (RHP) filed by AWL. An worker low cost of Rs. 21 per Fairness Share will probably be provided to Eligible Staff Bidding within the Worker Reservation Portion.

Moreover, the Bid Lot for the Subject has been finalized to be 65 Fairness Shares and in multiples of 65 Fairness Shares thereafter.

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(This story has not been edited by Enterprise Normal employees and is auto-generated from a syndicated feed.)


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First Printed: Mon, January 24 2022. 11:37 IST



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