Adani Enterprises has announced a qualified institutional placement (QIP) offer at a floor price of Rs 3,117.4750 per equity share . This strategic move aims to raise approximately Rs 16,600 crore, with the company likely to utilize the proceeds to fund various projects, including the expansion of airports ¹. The board of directors approved the QIP issue on Wednesday, authorizing the company to offer a discount of up to 5% on the floor price .
Prominent financial institutions, SBI Capital Markets Limited, Jefferies India Private Limited, and ICICI Securities Limited, have been appointed as book-running lead managers for the issue . Cantor Fitzgerald & Co. will serve as an advisor to the issue .
This development is significant for Adani Enterprises, as it seeks to bolster its financial position and drive growth through strategic investments. The QIP offer is expected to attract substantial interest from institutional investors, given the company’s expansion plans and growth potential.