Adani Enterprises upsizes QIP to ₹15,000 crore ($1.6bn) after 1.5x demand
The conglomerate with airport-retail and consumer arms raised its share sale to ₹15,000 crore following 1.5x subscription. Shares priced at ₹2,883 (9% discount), split 65% domestic and 35% global with backers including Goldman Sachs, BlackRock and Vanguard. Proceeds fund capex and debt reduction across solar, airport and copper units.
Adani Enterprises, the conglomerate with airport-retail and consumer arms, upsized its QIP to ₹15,000 crore ($1.6bn) after 1.5x demand. Proceeds fund capex and debt reduction across solar, airport and copper businesses.