Adani Energy plans ₹10,000 crore QIP fundraise
pre-market1 source ↓written by the desknot a recommendation
- approval to raise
- ₹10,000 crore
- to seek member
- 25 July 2023
- The stock closed
- 2% higher
- on the BSE
- ₹1,521.4
- the benchmark Sensex's
- 0.58% rise
Adani Energy Solutions has received board approval to raise ₹10,000 crore through a Qualified Institutional Placement (QIP). An extraordinary general meeting is scheduled for 25 July 2023 to seek member approval for the issuance. The stock closed 2% higher at ₹1,521.4 on the BSE, outperforming the benchmark Sensex's 0.58% rise.
Not investment advice. For informational purposes only.