Adani Enterprises raises ₹15,000 cr with strong QIP demand
after close1 source ↓written by the desknot a recommendation
- after upsizing
- ₹15,000 cr
- subscription
- 3.8x
- per share
- ₹2,883
- The stock rose
- 1.07%
- following the announcement
- ₹3,212.20
Adani Enterprises Ltd successfully closed its qualified institutional placement (QIP), raising ₹15,000 cr after upsizing from ₹10,000 cr due to 3.8x subscription. The issue, priced at ₹2,883 per share, attracted significant interest from major investors like BlackRock and HDFC Mutual Fund. The stock rose 1.07% to ₹3,212.20 following the announcement.
The strong institutional backing indicates robust confidence in the company's growth plans, particularly for capital expenditure initiatives.
Not investment advice. For informational purposes only.