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Adani Enterprises gains 4% on higher floor price for share sale

FP Archives December 20, 2014, 20:43:16 IST

Shares is Adani Enterprises gained 4 percent in early trade after its promoters set the floor price for a share sale at Rs 282 per share.

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Adani Enterprises gains 4% on higher floor price for share sale

Shares is Adani Enterprises gained 4 percent in early trade after its promoters set the floor price for a share sale at Rs 282 per share.

[caption id=“attachment_565412” align=“alignleft” width=“380”] Reuters[/caption]

Dealers say the floor price is higher than market expectations.

Adani Enterprises fell 7.1 percent to Rs 271 on Thursday ahead of its planned sale of 23 million shares on Friday.

Reuters

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