 "Markets")
Adani Wilmar GMP at 40%
Shares of Adani Wilmar are changing hands at a premium of nearly 40 per cent ahead of its IPO. Market players said shares of the company, that owns Fortune brand edible oil, changed hands at a premium ranging between Rs 80 and Rs 90 last week. The Adani group firm has set the price band for the IPO at Rs 218-230 per share. At the top-end, the company will have a market cap of nearly Rs 30,000 crore. Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital. “The grey market
Shares of Adani Wilmar are changing hands at a premium of nearly 40 per cent ahead of its IPO. Market players said shares of the company, that owns Fortune brand edible oil, changed hands at a premium ranging between Rs 80 and Rs 90 last week. The Adani group firm has set the price band for the IPO at Rs 218-230 per share. At the top-end, the company will have a market cap of nearly Rs 30,000 crore. Through the IPO, Adani Wilmar is raising Rs 3,600 crore in fresh capital. “The grey market
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