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Gautam Adani Discounts India's Biggest Follow-On Share Sale by 10%-15%
The massive share sale would help Gautam Adani meet multiple goals. Gautam Adani's flagship is offering investors discounts of 10 per cent-15 per cent in India's biggest follow-on share sale as the billionaire tries to woo a wider set of backers. Roughly half the money will go toward expanding Adani's airport and renewable energy projects, while some 42 billion rupees - a little less than a quarter of the amount raised - will be used to pare debt, the company said in its prospectus filed earlier on Wednesday. Anchor investors can bid on January 25 and the rest from January 27 to January 31. The next capital is patient capital," Chief Financial Officer Jugeshinder Singh had said in an interview in November. " Source - NDTV
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