Adani Energy Solutions QIP overbooked 3x, $1bn raised
Business Standard|July 31, 2024
Adani Energy Solutions, the conglomerate's transmission and distribution entity, on Tuesday said it has launched a qualified institutional placement (QIP).
AMRITHA PILLAY

According to people privy to the matter, the company has raised $1 billion from this round as the issue was oversubscribed 3 times.

QIP is a fundraising tool for companies, through which they issue equities, or other equity convertible securities to qualified institutional buyers.

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Business Standard

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Business Standard

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Business Standard

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Business Standard

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Business Standard

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Business Standard

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