Adani Enterprises’ Rs 16,600 crore QIP opens. Co sets floor price at Rs 3,117.47/share
Adani Enterprises on Wednesday approved share sale to large investors via qualified institutional placement (QIP) issue worth Rs 16,600 crore and has set the floor price at Rs 3,117.4750 per equity share.
The issue opens from today and the Adani Group company has the discretion to offer a discount of up to 5% on the floor price.
SBI Capital Markets Limited, Jefferies India Private Limited and ICICI Securities Limited have been appointed as the book running lead managers (BRLMs) for the issue while Cantor Fitzgerald & Co. has been appointed as an advisor in connection with the issue.
The company’s QIP committee had accorded its approval for the issue in its May 28, 2024 meeting and in June passed a special resolution for the same.
“We wish…
