Winning Bizness Desk
Mumbai. Here is a classic case of diversification in business. Asia's richest man and billionaire industrialist Gautam Adani will now deliver water to every household in the country. Adani group, which has a tremendous influence in the country's infrastructure sector, already supplies electricity and cooking gas to every household. At the same time, they have presence in all the core businesses like port, airport, road, cement and expressway.
Coming with its Follow on Public Offer (FPO)
According to the news reports, Adani Enterprises is now going to enter from water purification to its distribution segment. The company says that this is a very important area in terms of the infrastructure sector. Next week Adani Enterprises is coming with its Follow on Public Offer (FPO). Through this, the company intends to raise Rs 20,000 crore. The price band for this FPO has been kept at Rs 3,112 to Rs 3,276 per share. The FPO of the company will open on January 27 and close on January 31. It will open a day earlier for anchors i.e. big investors.
Second largest FPO in the country
This is the second largest FPO in the country after Coal India's Rs 22,558 crore FPTO in 2015. Coal India's Rs 15,199 crore IPO came in October 2010. We are a leading player in the infrastructure sector and have been in almost every segment of this segment for the last nearly two decades, Singh said. Keeping this in view, we are very keen to step into the field of water purification, purification and distribution. However, he did not explain anything in detail about it. Singh said that we are currently assessing the scope and opportunities. Also looking at joint venture projects/acquisitions. We are very keen on this area (water) because it is an important element for any infrastructure.