VERIFIEDET Markets·28 Jul 2026positive

Adani Energy’s Rs 3,500 crore QIP oversubscribed 3.1 times as FIIs, MFs and Azim Premji firm make bids

AI Summary

·Adani Energy Solutions' Rs 3,500 crore QIP was oversubscribed 3.1 times.
·The QIP attracted bids worth over Rs 10,800 crore from various investors including FIIs, MFs, and Premji Invest.
·The issue was priced at Rs 1,615 per share, with proceeds intended for capex, debt repayment, acquisitions, and general corporate purposes.