Corporate Action2 Jul 2026, 05:30 pm
Adani Enterprises Approves QIP with Floor Price of ₹3,034.68
AI Summary
Adani Enterprises Ltd has announced the opening of its Qualified Institution Placement (QIP) issue. The company's QIP committee approved a floor price of ₹3,034.68 per equity share. This decision follows approvals from the board of directors and shareholders. The relevant date for the issue is July 2, 2026. The company may offer a discount of up to 5% on the floor price. SBI Capital Markets, Jefferies India, ICICI Securities, and IIFL Capital Services are appointed as book running lead managers. A preliminary placement document has been filed with the stock exchanges and is available on the company's website.
Key Highlights
- QIP issue opened with a floor price of ₹3,034.68 per share.
- Board and shareholder approvals secured for the placement.
- BRLMs appointed, including SBI Capital Markets and Jefferies India.
- Preliminary placement document filed with exchanges.
Price Impact
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