Adani Enterprises received board nod to raise up to Rs 166 billion

Adani Enterprises (AEL), the flagship company of Adani Group, intends to raise Rs 166 billion. The fundraising is similar to plans announced by Adani Energy Solutions (AESL), to raise up to Rs 125 billion. The fundraising round would be through qualified institutional placement (QIP) route or other permissible methods.