Adani Energy Solutions Ltd, part of the Adani Group, successfully raised $1 billion through a qualified institutional placement (QIP) on July 30, 2024, marking the group's first public equity fundraising since the Hindenburg controversy.
The QIP was heavily oversubscribed, receiving demand of approximately ₹26,000 crore, making it the largest transaction in India's energy sector. The shares were issued at ₹1,135 each, reflecting a 14% discount from the issue price of ₹976