Adani Enterprises upsizes QIP to Rs 15,000 crore after 3.8x demand
Adani Enterprises lifted its QIP to Rs 15,000 crore from Rs 10,000 crore following Rs 38,000 crore in bids — a 3.8x oversubscription drawing global and domestic institutions including Blackrock, Blackstone, Goldman Sachs and SBI MF. Priced near Rs 2,883 vs floor of Rs 3,034.68, proceeds fund incubation capex, debt repayment and acquisitions.
Adani Enterprises upsized its QIP to Rs 15,000 crore from Rs 10,000 crore after 3.8x demand from global and domestic institutions. Proceeds fund capex across incubation businesses, debt repayment and acquisitions — relevant to conglomerate's retail arm capital flows.