Adani Energy QIP raises ₹3,500 cr, oversubscribed three times
pre-market1 source ↓written by the desknot a recommendation
- QIP to raise
- ₹3,500 crore
- in investment interest
- ₹10,800 crore
- per share
- ₹1,615
- Shares fell
- 3%
- on Tuesday
- ₹1,650
Adani Energy Solution's qualified institutional placement (QIP) to raise ₹3,500 crore was oversubscribed three times, attracting ₹10,800 crore in investment interest from mutual funds and insurance companies. The issue, priced at ₹1,615 per share, will fund capital expenditures and loan repayments. Shares fell 3% to ₹1,650 on Tuesday after the announcement.
Not investment advice. For informational purposes only.