Oct 9, 06:40 PM

Adani Enterprises Launches Rs 16,600 Crore QIP at Rs 3,117.47/share to Raise $500 Million from Key Investors Quant MF, GQG

Adani Enterprises Limited, led by billionaire Gautam Adani, has launched a qualified institutional placement (QIP) aiming to raise Rs 16,600 crore (approximately $500 million). The share sale is set to open on Wednesday with a floor price of Rs 3,117.47 per share. The company is in discussions with several institutional investors, including Gulf-based sovereign wealth funds such as the Abu Dhabi Investment Authority (ADIA) and Qatar Investment Authority (QIA). This fundraising effort marks Adani Enterprises' return to equity financing following a challenging period after a short-seller report in 2023. Key investors in the QIP include Quant Mutual Fund, GQG Capital, and Winro Commercial, along with other notable entities such as ICICI Prudential, HDFC Life, SBI General, SBI Pension, and Tata Mutual Fund.

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