Adani Enterprises Upsizes QIP to Rs 15,000 Crore on 3.8x Demand
Adani Enterprises lifted its QIP to Rs 15,000 crore from a Rs 10,000 crore base after drawing Rs 38,000 crore in bids. Shares priced at Rs 2,883, a 5% discount to floor. Proceeds fund capex across incubation businesses, with parent-level capital underpinning the conglomerate's retail arm.
Adani Enterprises upsized its QIP to Rs 15,000 crore after 3.8x demand, pricing shares at Rs 2,883. Proceeds fund capex for incubation businesses; parent-level capital flows underpin the conglomerate's retail arm.