Adani Enterprises Limited announced on Thursday that it has successfully raised $500 million (approximately Rs 4,200 crore) through a Qualified Institutional Placement (QIP) to support its growth initiatives.
The company allotted a total of 1,41,79,608 equity shares at an issue price of Rs 2,962 per share. The QIP process began on October 9, 2024, with a deal size of around Rs 4,200 crore and concluded on October 15, 2024.
Adani Enterprises reported strong investor interest in the QIP, with bids amounting to 4.2 times the deal size. The company’s portfolio spans various sectors, including transport and logistics (airports and roads), new energy ecosystems (solar and wind manufacturing), and data centers in the energy and utilities sector.
Also Read: Meta Implements Job Cuts Across Teams Amid Restructuring Efforts
SBI Capital Markets Limited, Jefferies India Private Limited, and ICICI Securities Limited served as the book-running lead managers for the issue. Cantor Fitzgerald & Co acted as an advisor, while Cyril Amarchand Mangaldas provided legal counsel to Adani Enterprises on Indian law matters. Trilegal and Latham & Watkins served as legal advisors to the lead managers concerning Indian and international law, respectively.
While tensions between India and Pakistan escalate post the tragic Pahalgam terror attack, something unexpected…
Reliance Industries delivered a strong Q4 FY25 performance, with Y-o-Y net profit rising 6.4% to…
Yash Pratap Singh of Jalaun tops Class 10 with 97.83%, while Prayagraj’s Mehak Jaiswal secures…
Chief Minister Yogi Adityanath on Friday emphasised the need for sweeping reforms in the madrasa…
United States Director of National Intelligence (DNI) Tulsi Gabbard on Friday expressed strong support for…
Indian President Droupadi Murmu will also attend, representing India alongside Union Minister Kiren Rijiju, Minister…