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VERIFIEDET Stocks·positive

Adani Enterprises increases QIP size to Rs 15,000 crore, draws bumper 3.8x bids

AI Summary
  • ·Adani Enterprises increased its qualified institutional placement size to Rs 15,000 crore.
  • ·The offering attracted bids totaling Rs 38,000 crore, indicating strong investor demand.
  • ·Funds raised will be used for capital expenditure on new projects, business acceleration, and potential debt reduction.
ADANIENT
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