Adani Energy Solutions Limited has raised $1 billion through a qualified institutional placement (QIP) issue, which was oversubscribed three times, with demand reaching approximately Rs 260 billion.
The QIP was closed at Rs 1,135 per share, a 14 per cent discount from the issue price of Rs 976 per share. Investors, including GQG, ADIA, and domestic institutions like Bandhan MF, Nomura, and 360 India Infoline, participated in the issue.