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ADANI LAUNCHES $1.05 BILLION QIP IN 2ND PHASE OF FUNDRAISING
Hindustan Times Delhi
|July 03, 2026
Less than three months after completing a ₹25,000-crore rights issue, billionaire Gautam Adani-led Adani Enterprises Ltd (AEL) is returning to the equity market with a qualified institutional placement (QIP) to raise at least ₹10,000 crore ($1.05 billion) from institutional investors, with an option to increase the issue size, according to a term sheet reviewed by Mint.
Jefferies, SBI Capital Markets, ICICI Securities and IIFL Securities are acting as the book-running lead managers.
Unlike a rights issue, which is offered to existing shareholders in proportion to their holdings, a QIP is open only to qualified institutional investors.
This story is from the July 03, 2026 edition of Hindustan Times Delhi.
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