Adani Enterprises nears 52-week high on QIP launch, ₹1.08 lakh crore aluminium JV
The parent of Adani's retail and airport businesses signed a ₹1.08 lakh crore ($11.5B) aluminium JV in Odisha with International Resources Holding, alongside a QIP at a ₹3,034.68 floor price. Shares hit ₹3,206.90, pushing market cap to ₹4.16 lakh crore with a 40% YTD return and 53,500 projected jobs.
Adani Enterprises, parent of Adani's retail and airport arms, launched a QIP and signed a ₹1.08 lakh crore aluminium JV in Odisha with IRH, sending shares near a 52-week high.