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The Economic Times
The Economic Times
Akash Podishetti

Adani Enterprises launches QIP, sets floor price at Rs 3,034.68 per share

Adani Enterprises SEBI

Adani Enterprises on Thursday launched its qualified institutional placement (QIP) to raise funds from institutional investors, fixing a floor price of Rs 3,034.68 per equity share for the issue.

The company informed stock exchanges that its QIP Committee approved the opening of the issue on July 2 and adopted the preliminary placement document. The floor price has been determined in accordance with the pricing formula prescribed under the Sebi rules.

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