Adia emerges as a potential major investor in Indian SPI IPO
Adia, the Abu Dhabi Investment Authority, is seeking to be a leading investor in the initial public offering (IPO) of the Indian SBI Fund, scheduled to begin on July 14 and conclude on July 16, with shares expected to start trading on July 21. The company plans to allocate approximately 51 million shares at a price of 574 rupees per share, raising about 29.44 billion rupees (roughly $309 million). Major investors participating in the offering include BlackRock and Fidelity, along with sovereign wealth funds from Singapore and Norway.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)