Adani Wilmar OFS: Stock in focus as floor price set at Rs 275; key details
Shares of Adani Wilmar Ltd are in focus on Friday morning as the two-day offer for sale (OFS) by one of the promoters, Adani Commodities LLP, kicks off today. Adani Commodities LLP has proposed to sell up to 17,54,56,612 shares in the company, representing 13.50 per cent of the total issued and paid up equity share capital of the Adani Wilmar at a floor price of Rs 275. This was at 15.11 per cent discount to Adani Wilmar’s Thursday closing price of Rs 323.95.
Non-retail investors can participate in the OFS on January 10 while retail investors will be allowed to bid on January 13. Non-retail investors may indicate their willingness to carry forward their unallotted bids to Monday for allocation to them, in the unsubscribed portion of…
