“Abu Dhabi Investment” acquires shares in the secondary offering of “Adani”

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Abu Dhabi – Mubasher: The Abu Dhabi Investment Authority (ADIA) and Maybank Securities acquired a stake in the secondary offering of shares of Adani Enterprises, valued at $2.45 billion.

The main part of the share sale, India’s largest secondary offering, was allocated to large investors at a price of 3,276 rupees per share, according to Reuters..

Subscriptions from anchor investors amounted to 90 billion rupees ($1.10 billion), compared to the 60 billion rupees worth of shares they had allotted..

Maybank accounted for 34.09 percent of the 18.2 million shares allocated to investment institutions for 20.4 billion rupees, while the Abu Dhabi Investment Authority got 2.56 percent at a value of 1.53 billion rupees..

Submissions for retail investors begin on Friday, with the offering closing for both groups on January 31.

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And Bloomberg reported earlier, citing people familiar with the matter, that investors from the Middle East, including Global Holding Company And the Abu Dhabi Investment Authority, bids to take stakes in the collateral sale of a $2.5 billion stake offered by Indian billionaire Gautam Adani.

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