Adani share sale subscriptions climb as demand jumps on last day

Investors had placed orders for about 80% of the total shares on sale in the follow-on offering by Adani Enterprises Ltd. as of 1:57 p.m. in Mumbai on Tuesday, the final day of bidding, excluding the amount allotted to anchor investors. While the company’s shares were up about 4%, they continued to trade in the market for less than Adani is charging in the offering. https://ift.tt/oPeEZa0