Adani Enterprises raises ₹4,200 crore through share sale

Mansi Agarwal, Published on Oct 17th, 2024

Adani Enterprises raises ₹4,200 crore through share sale

Adani Enterprises on Thursday announced it has raised around ₹4,200 crore through a qualified institutional placement (QIP). The company allocated over 1.41 crore equity shares through the QIP at an issue price of ₹2,962 per share. Quant Mutual Fund's Quant ELSS Tax Saver Fund was reportedly the largest investor in the QIP, acquiring nearly 47% of the total issue size.

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