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HomeMarket NewsAdani Enterprises raises ₹15,000 crore through QIP; Here are the funds who were issued shares
The board of Adani Enterprises approved the allotment of 5.20 crore equity shares with a face value of ₹1 each to eligible qualified institutional buyers.
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Adani Enterprises Ltd. on Tuesday, July 7, informed the exchanges that it has successfully completed its ₹15,000 crore Qualified Institutional Placement (QIP).
The company's board approved the allotment of 5.20 crore equity shares with a face value of ₹1 each to eligible qualified institutional buyers.
The issue price was fixed at ₹2,883 per share, representing a discount of nearly 5% to Tuesday's closing price.
The QIP opened on July 2 and closed on July 7.
Among the investors allotted shares were funds managed by SBI, New World, and EUPAC.
| Funds | % Of QIP |
| SBI MF (Various Schemes) | 15.33 |
| New World | 13.58 |
| Eupac | 7.27 |
Shares of Adani Enterprises settled 3.02% lower at ₹3,109.90 on Tuesday. The stock has gained 38% so far this year.
