Adani Energy Solutions Ltd has approved a fundraise of up to ₹4,300 crore ($502 million) through a Qualified Institutional Placement (QIP). The board cleared the proposal on Saturday, according to the reports. The amount will be raised in one or more phases.
The funds will be raised by issuing shares or other eligible instruments to qualified institutional buyers. The QIP route allows listed companies to access capital markets more efficiently by targeting institutional investors.
This is not the first capital move by an Adani Group company in recent months. In April, the group raised around $750 million to finance an acquisition deal. About a 3rd of this was subscribed by BlackRock Inc. Additionally, Adani Ports raised $150 million last week through a bilateral loan from DBS Group Holdings Ltd.
Read more: Adani Ports to Re-enter Local Debt Market After 17-Month Break
The broader Adani Group operates across multiple sectors, including energy, ports, transport, and renewables. The recent round of fundraises suggests a continued focus on securing capital across its different businesses, following market concerns raised last year.
As of 09:30 AM on June 2, 2025, Adani Energy Solutions share price was trading at ₹878.75, a 1.33% increase, with a 7.53% increase over the past 6 months and a 28.98% drop over the past year.
With the ₹4,300 crore QIP approval now in place, Adani Energy joins other group entities in tapping institutional investors for capital. The company has not yet specified the timeline or structure of the issue, but the board clearance sets the stage for the next phase of fundraising activity.
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Published on: Jun 2, 2025, 2:48 PM IST
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