Adani Enterprises, Transmission to raise Rs 210 billion via QIP

Adani Enterprises and Adani Transmission will raise Rs 210 billion via qualified institutional placement (QIP). While Adani Enterprises has stated that it will raise Rs 125 billion, Adani Transmission will raise Rs 85 billion.
The capital-raising effort would involve the issuance of shares and/or other eligible securities via QIP or other permissible measures. The fundraising is anticipated to alleviate investors’ concerns regarding the Group’s ability to service its debt and to inspire investor confidence.