Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
Adani Enterprises are expected to remain in focus on Friday after the company successfully raised Rs 4,200 crore in a share sale to investors via a qualified institutional placement (QIP).
The company has allocated 1.41 crore shares at an issue price of Rs 2,962 each.
The transaction, which was initiated after market hours on October 9 and valued at Rs 4,200 crores ($500 million), closed on October 15.
«The QIP generated strong demand, attracting bids over 4.2 times the deal size from a diverse group of investors, including global long-only investors, major Indian mutual funds, and insurance companies,» the company stated in a release.
This achievement highlights Adani Enterprises' role as India’s largest publicly listed incubator for scalable and large-scale businesses in core infrastructure, addressing the country's needs.
Stock Trading
Cryptocurrency Made Easy: Cryptocurrency Course
By — elearnmarkets, Financial Education by StockEdge
Stock Trading
Futures Trading Made Easy: Future & Options Trading Course
By — Anirudh Saraf, Founder- Saraf A & Associates, Chartered Accountant
Stock Trading
Market 104: Options Trading: Kickstart Your F&O Adventure
By — Saketh R, Founder- QuickAlpha, Full Time Options Trader
Stock Trading
Dow Theory Made Easy
By — Vishal Mehta, Independent Systematic Trader
Stock Trading
Technical Analysis Demystified: A Complete Guide to Trading
By — Kunal Patel, Options Trader, Instructor
Stock Trading
Stock Valuation Made Easy
By — Rounak Gouti, Investment commentary writer, Experience in equity