Adani Enterprises / Gautam Adani's giant company will make arrangements for 12 thousand crores, this is the plan

Adani Enterprises: After Adani Energy Solutions Limited, Gautam Adani's giant company Adani Enterprises is planning to raise Rs 12,000 crore. According to a Bloomberg report, the flagship company of the Adani Group will raise funds through QIP. Its process can start from the month of September. For this fund raise program, the company has started working with banks. According to experts, the credibility of the Adani Group has increased significantly. Due to which the fund raise program has been started by the group. Recently, Adani Energy Solutions Limited has raised Rs 8,373 crore through QIP. Let us also tell you what is being planned by the Adani Group?

The company is making plans

According to people familiar with the whole matter, Gautam Adani's flagship company is considering raising about Rs 10,000 crore to Rs 12,000 crore through share sale. The move comes at a time when the group's power transmission unit recently raised funds through a QIP. Adani Enterprises Ltd may try to raise funds through a so-called qualified institutional placement, or QIP, Bloomberg reported, citing people who asked not to be named. The port-to-power group is working with banks on a share sale that could take place as early as September, the people said.

Changes may occur

One of the people with the information said the Adani Group is looking for institutional investors, including from the US, as part of its efforts to expand its shareholder base and attract more research analysts to cover the firm. Experts said discussions are ongoing and the details of the fund raise, including size and timing, may change. No official statement has been received from the Adani Group in this matter. In May, Adani Enterprises approved the raising of Rs 16,600 by means of share sale and other means to institutions in one or more installments.

Shares surged

Shares of Adani Enterprises saw a good rise on Wednesday. According to the data, on Wednesday, the company's stock closed at Rs 3,185.25 with a gain of 3.59 per cent or Rs 110.35. By the way, the company's stock opened at Rs 3,091.40 and also reached the day's high of Rs 3,189.95 during the trading session. In the current year, the stock of Adani's flagship company saw a rise of 9 percent. Whereas in the last one year, the company's stock has given a return of about 25 percent.