AEL offer for sale subscribed 1.12 times, raises Rs 174 crore
fe Bureau: Mumbai, Feb 07 2013, 02:00 IST
has dropped over 11% for the last one month. In the last one year, the stock has touched a high of R443 and a low of R151.70.
This was second auction by Adani Enterprises. In December 2012, promoters of the company — Adani Agro, Adani Commodities, Priti Adani, Shilin Adani, Rajesh Adani, and Pranav Adani — had cumulatively diluted 2.09% stake or 2.3 crore shares through the OFS route. Adani Agro alone had sold 1.98 crore shares on December 21.
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