Gulf investors International Holding Co PJSC and sovereign fund Abu Dhabi Investment Authority are among the bidders for Indian billionaire Gautam Adani-led Adani Enterprises' 200 billion rupees ($2.45 billion) follow-on sale of shares that began on Wednesday, Bloomberg News reported, citing people familiar with the matter.
have also bid for shares, the report said, adding that the anchor book was oversubscribed about two times.
Adani Enterprises last week set the floor price for India's largest FPO at 3,112 rupees per share with a price cap of 3,276 rupees apiece. While bidding for anchor investors began on Wednesday, bidding for retail investors will commence from Friday, with the offer closing for both sets of investors on Jan. 31.the Adani Group of improper extensive use of entities set up in offshore tax havens and expressed concern about high debt levels. The brokerage, a well known U.S.
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