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Adani Ent to raise 12K cr via QIP
The New Indian Express
|August 08, 2024
Share sale will lead to 2.75-3.3% dilution of promoters' stake in the company
THE flagship Gautam Adani Group firm -- Adani Enterprises Ltd (AEL) - will be testing waters in the equity market for the first time since its aborted follow-on offer in February 2023. The company is planning to raise ₹10,000- ₹12,000 crore via qualified institutional placement (QIP) as early as September this year.
Sources close to the development confirmed the plans of Adani Enterprises.
As per sources, top banks like State Bank of India (SBI), ICICI Bank and HDFC Bank are likely to participate in the QIP. Some foreign banks including Jefferies are likely to participate in the current round of the fundraising.
This story is from the August 08, 2024 edition of The New Indian Express.
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