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Adani Enterprises raises $500 million via QIP to push growth plans

Summary by The Siasat Daily
Ahmedabad: Adani Enterprises Limited (AEL) on Thursday said it has successfully raised $500 million (about Rs 4,200 crore) primary equity via qualified institutional placement (QIP) to further its growth plans. The flagship company of the Adani Group completed the QIP of face value of Rs 1 each, aggregating to Rs 4,200 crore. A total of 1,41,79,608 equity shares were allocated at an issue price of Rs 2,962 per equity share through the QIP. The Q…
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