May 24, 2022
Adanis commits $75 million in Borouge's $2-billion IPO, says report
Adanis commits $75 million in Borouge’s $2-billion IPO, says report
The Adani family has committed $75 million towards the $2-billion initial public offering of Borouge, set to be the biggest ever listing in the emirate. Seven cornerstone investors have agreed to subscribe for $570 million worth of shares in the IPO, including the Adani family, Abu Dhabi wealth fund ADQ, which will buy shares worth $120 million, and Alpha Dhabi Holding, which has committed $100…
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