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Adani Energy Solutions’ Rs 3,500 crore QIP draws bids worth Rs 10,800 crore
Adani Energy Solutions’ Rs 3,500-crore QIP drew over three times subscription, with Rs 10,800 crore in bids from domestic and foreign institutions. Proceeds will fund capex, loan repayment, acquisitions and corporate purposes, completing Adani Group’s Rs 43,500-crore capital raise.
Reported figures
From the report. Source details below
| Issue price: | Rs 1,615 per share |
|---|---|
| NSE close: | Rs 1,642, down 3.60% |
| Adani Enterprises QIP: | Rs 15,000 crore |
| Rights issue: | Rs 25,000 crore |
Other figures
- Over 3x subscribed
The source
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