After the Hindenburg Research report came out, Adani Group had to cancel the FPO of its flagship company Adani Enterprises, return the money from the investors. After this report, the shares of the company started falling continuously and the company started having difficulty in raising money. Now Adani Group is working on a plan to raise money by listing another company in the stock market, for which it can bring an IPO.
Yes, Adani Group can bring IPO of its non-banking financial company Adani Capital. Through this, the company will try to raise several crores from the market. With this, the group can also raise money for its other flagship companies.
So many crores will be raised from Adani Capital
According to media reports, the IPO of this company of Adani group can be between Rs 1,000 to 1,500 crores. Adani Capital currently mainly focuses on MSME and rural development.
It is being claimed that some private equity funds have also expressed their desire to take stake in this company. At the same time, Adani Capital has given the responsibility for this deal to investment bank Avendus Capital. Although Avendus Capital has refused to comment on this news, while the plan of such an IPO has also been confirmed by the Adani Group.
Group holds 90% stake in Adani Capital
Adani Group holds 90 percent stake in Adani Capital. While the remaining 10 percent is with the management team. In the next two to three years, the asset under management of the company will be of Rs 10 to 12 thousand crores. The asset under management of the company was Rs 3,977 crore in the financial year 2022-23.
Adani Group is also planning to raise Rs 12,500 crore for Adani Enterprises and Rs 8,500 crore for Adani Transmission, not just Adani Capital.
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