Adani Enterprises up on higher share sale floor price

Fri Dec 21, 2012 11:29am IST

A man works on the crane of a cargo ship at Mundra port in Gujarat September 24, 2012. REUTERS/Amit Dave/Files

A man works on the crane of a cargo ship at Mundra port in Gujarat September 24, 2012.

Credit: Reuters/Amit Dave/Files

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Reuters Market Eye - Shares in Adani Enterprises Ltd (ADEL.NS) gain 4 percent in early trade after its promoters set the floor price for a share sale at 282 rupees per share.

Dealers say the floor price is higher than market expectations.

Adani Enterprises fell 7.1 percent to 271 rupees on Thursday ahead of its planned sale of 23 million shares on Friday.

(Reporting Abhishek Vishnoi)

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