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Adani Enterprises has successfully raised ₹4,200 crore (USD 500 million) through a Qualified Institutional Placement (QIP). The issue price was set at ₹2,962 per share, with Quant Mutual Fund emerging as the largest investor, acquiring nearly half of the shares. The QIP involved the allotment of 1,41,79,608 equity shares to eligible qualified institutional buyers. The funds raised as primary equity are intended to support Adani Enterprises' future growth plans.
Adani Enterprises raised Rs 4,200 crore through a QIP share sale to major investors, supporting its future expansion plans. #adanigroup #business #investors #ETNOW
Adani Enterprises: Rs 4200 crore QIP update - See details https://t.co/D0a6sWkwue
Adani Enterprises raises $500 million via QIP to push growth plans · Adani Enterprises Limited (AEL) on Thursday said it has successfully raised $500 million (about Rs 4,200 crore) primary equity via qualified institutional placement (QIP) to further its growth plans 🔗:… https://t.co/SdcVUZByei