“Adani Enterprises Limited (AEL) has successfully completed the QIP of equity shares of face value of ₹1 each of AEL aggregating to approximately ₹4,200 crore ($500 million). A total of 1,41,79,608 equity shares were allocated at an issue price of ₹2,962 per equity share through the QIP,” the release highlighted.

Adani Enterprises raised Rs 4,200 crore through a share sale to investors via a QIP. The sale attracted bids over 4.2 times the deal size from various investors. Proceeds will be used for capital expenditure,

The QIP saw high demand, receiving bids around 4.2 times the deal size from various investor groups. This included global long-term investors, leading Indian mutual funds, and insurance companies

Adani Enterprises Limited raised Rs 4,200 crore through a qualified institutional placement to fund future growth. The QIP faced strong demand from global and Indian investors. Funds will support capital expenditure,

The firm allocated 1.41 crore equity shares to qualified institutional buyers at an issue price of Rs 2,962 per equity share, it said in a statement.

The issue price for the QIP was set at Rs 2,962 per share, reflecting a 5 per cent discount from the floor price of Rs 3,117.47 per share, according to the company's exchange filing. The discount remained consistent when compared to Tuesday's closing price of Rs 3,