Adani Enterprises Ltd' (ADEL.NS) $2.45 billion secondary share offering was subscribed 1.5 times by anchor investors, with bids from high profile names such as Abu Dhabi Investment Authority (ADIA), a source told Reuters on Wednesday.
Anchor investors bid for shares worth 90 billion rupees ($1.10 billion) in India's largest follow-on public offering (FPO), compared to the 60 billion rupees allocated to them, the source said.
Adani did not immediately respond to Reuters' request for comment.
Maybank Asia, Citigroup Inc (C.N), Morgan Stanley (MS.N) and domestic insurer Life Insurance Corporation of India (LIFI.NS) were among the bidders for the share sale, the source said.
ADIA, Maybank Asia, Citigroup, Morgan Stanley and LIC did not immediately respond to Reuters' request for comment.
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