According to data, nearly 49% of the total bids have been received in the last two days, indicating rising interest from both global and domestic investors. The company’s stock has also responded positively to the momentum, gaining 3.45% during the same period—from Rs 2,190 to Rs 2,265.
However, the same witnessed some profit booking on Monday and was trading 2% lower at Rs 959.75 on the BSE around 1:15 pm.
The Rights Issue is priced at Rs 1,800 per share, offering a notable discount to the current market price (CMP). The issue follows a partly-paid structure, allowing capital to be raised in phases, thereby easing immediate liquidity pressure for investors. The window to trade the Rights Entitlement closes on December 10.
As of the latest shareholding data, promoters hold approximately 74% in AEL, followed by institutional investors at 18% and retail investors at 8%.
Also read: Meesho shares command 36% GMP ahead of December 10 listing. Check all details
Among key institutional shareholders, GQG Partners holds around 6%, IHC of Abu Dhabi owns nearly 5%, and LIC holds about 4%. Other mutual funds including SBI, Nippon, Kotak, and Aditya Birla, collectively own an estimated 3–4%.(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)