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Adani Enterprises Board Approves ₹16,600 Crore Fundraising Through QIP

The Adani Enterprises Board of Director on Tuesday, May 28, 2024 at its meeting has approved the fundraising initiative. In the regulatory fillings, the company added, it plans to raise funds amounting to Rs 16,600 crore, through the issuance of equity shares with a face value of Rs 1 each or other eligible securities, or a combination thereof.

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Adani Enterprises to raise Rs 16,600 crore via QIP routes

The firm will seek the approval of shareholders at the ensuing annual general meeting scheduled to be held on 24 June, it said.

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