The company’s promoters Boman Rustom Irani, Percy Sorabji Chowdhry and Chandresh Dinesh Mehta are the ones offloading stake in the OFS.The retail quota in the IPO has been fixed at 35% of the issue size, 50% for qualified institutional buyers or QIBs and the remaining 15% for non-institutional bidders.
Motilal Oswal initiates coverage on Adani Enterprises with Buy, sees 25% upside. Here’s why
Motilal Oswal has initiated coverage on Adani Enterprises with a Buy rating and a target price of Rs 3,880, implying 25% upside from the prevailing