Adani Energy Solutions launched a Qualified Institutional Placement (QIP) on July 30, aiming to bolster its financial resources. The company has set a floor price of Rs 1,027 per share for the QIP, with a maximum discount of 5 percent on this price.

According to CNBC-Awaaz, the QIP is valued at Rs 6,000 crore, and initial demand has already surpassed three times the amount being raised. Potential investors include major entities such as GQG, ADIA, Qatar Fund, and various US-based funds. Additionally, Eastspring, White Oak, Nomura, Bandhan MF, Axis MF, and IIFL are also expected to participate in the QIP.


                                        

Last week, Adani Energy Solutions reported a significant 47 percent year-over-year increase in its consolidated revenue from operations for the April-June quarter. The company's consolidated revenues reached Rs 5,379 crore, according to the earnings data released today.