Adani Enterprises raises ₹15,000 cr via QIP as demand hits 3.8x
Adani Enterprises closed an upsized ₹15,000 crore QIP after drawing ₹38,000 crore in bids, a 3.8x subscription. Shares priced at ₹2,883, a 5% discount to floor. Proceeds fund capex across incubation businesses—airports, roads, PVC—plus debt repayment, capital that underpins the group's airport-retail surface.
Adani Enterprises closed its QIP at ₹15,000 crore, upsized on 3.8x demand. Proceeds fund capex across incubation businesses including airports (Adani Airport Holdings), roads, PVC and debt repayment—capital flows underpinning the group's airport-retail surface.