Adani Energy Solutions Launches ₹6,000 Crore QIP, Shares Surge 6.95%
30 Jul 2024
Adani Energy Solutions Ltd launched a Qualified Institutional Placement (QIP) on July 30, 2024, to raise ₹6,000 crore. This QIP allows the company to raise capital without submitting extensive legal paperwork to the market regulator, with only qualified institutional buyers (QIBs) being eligible to purchase the securities. What is a...
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