Adani Enterprises is set to raise $1.3 billion through a qualified institutional placement, with the process expected to start as early as the week of October 7.
This marks the company's return to the equity markets after a previous share sale was halted in 2023 due to a short-seller report. The share sale may include a greenshoe option, and there is strong interest from domestic institutional investors. In May, the board approved a plan to raise up to ₹166 billion ($2 billion) through various funding options.