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Adani energy secures $1 billion through QIP
The Business Guardian
|August 01, 2024
Adani Energy Solutions, the power transmission arm of the Adani Group, has successfully raised $1 billion (over Rs 8,300 crore) through a qualified institutional placement (QIP) issue.
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This marks the largest transaction in India’s energy sector to date. The QIP was significantly oversubscribed, with demand reaching approximately Rs 26,000 crore, demonstrating robust investor confidence and interest.
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The Business Guardian
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