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IHC, ADIA Among Bidders for Adani’s $2.5 Billion Share Sale

  • Anchor book is said to be oversubscribed 1.8-2 times
  • Adani Enterprises seeking to raise funds via a follow-on offer
Bloomberg business news
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Middle Eastern investors including International Holding Co PJSC and Abu Dhabi Investment Authority are bidding to buy stock in the $2.5 billion follow-on share sale floated by Indian billionaire Gautam Adani’s flagship, according to people familiar with the matter.

Mubadala Investment Co PJSC, BNP Paribas SA have also bid, the people said, asking not to be identified as the details aren’t public. The so-called anchor book for Adani Enterprises Ltd. was oversubscribed by 1.8-2 times, the people added.