Adani Enterprises has launched a Qualified Institutional Placement (QIP) offering at an indicative price of ₹2,962 per share. The total size of the QIP is estimated to be ₹4,200 crore.
This move follows board and shareholder approval for the capital-raising initiative. The offering price reflects a 6.08% discount to the recent closing price and aligns with a 5% discount to the SEBI-prescribed floor price.
The QIP is expected to support Adani Enterprises’ ongoing and future projects, bolstering its liquidity and capital reserves. The market will closely monitor the success of this offering, especially given the company’s recent aggressive expansion.
Adani Enterprises Share Price history
| Day | Open | Close | Day’s change |
|---|---|---|---|
|
Wed, Oct 9 2024
|
₹3,175.00
|
₹3,153.75
|
-0.22%
|
|
Tue, Oct 8 2024
|
₹3,018.50
|
₹3,160.70
|
|
|
Mon, Oct 7 2024
|
₹3,110.65
|
₹3,018.00
|
-2.98%
|
|
Fri, Oct 4 2024
|
₹3,119.90
|
₹3,110.65
|
-0.17%
|
|
Thu, Oct 3 2024
|
₹3,150.00
|
₹3,116.00
|
-2.20%
|
|
Tue, Oct 1 2024
|
₹3,136.30
|
₹3,186.10
|
|
|
Mon, Sep 30 2024
|
₹3,129.00
|
₹3,135.85
|
|
|
Fri, Sep 27 2024
|
₹3,122.00
|
₹3,130.30
|
|
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