Corporate Action7 Jul 2026, 10:50 pm
Adani Enterprises Closes QIP, Allocates 5.2 Cr Shares at ₹2,883
AI Summary
Adani Enterprises Ltd has announced the closure of its Qualified Institutional Placement (QIP) issue as of July 7, 2026. The company's QIP committee approved the allocation of 5,20,29,136 equity shares at an issue price of ₹2,883.00 per share. This price represents a 5% discount to the floor price of ₹3,034.68 per share, determined as per SEBI ICDR Regulations. The placement document has been approved and will be filed with the stock exchanges. The QIP committee meeting commenced at 10:00 PM and concluded at 10:30 PM.
Key Highlights
- QIP issue closed on July 7, 2026.
- 5.20 crore equity shares allocated at ₹2,883 each.
- Issue price includes a 5% discount to the floor price.
- Placement document approved and to be filed with exchanges.
Price Impact
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