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The Economic Times
The Economic Times
Business
Debaroti Adhikary

Adani Energy launches Rs 3,500 crore QIP, sets floor price at Rs 1,698 per share

Adani Energy Adani Energy Solutions

Adani Energy Solutions on Monday launched its qualified institutional placement (QIP) to raise Rs 3,500 crore as part of the base offer from institutional investors, fixing the floor price at Rs 1,698.15 per equity share for the issue.

The company informed stock exchanges that its QIP Committee approved the opening of the issue on July 27 and adopted the preliminary placement document. The floor price has been determined in accordance with the pricing formula prescribed under Sebi rules. The base offer size has an upsize option.

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