Adani Group The Board of Directors of Adani Enterprises Limited, the largest and leading company of Adani, on Wednesday approved raising Rs 4200 crore through QIP. After getting the approval of the board, Adani Enterprises will raise Rs 4200 crore by selling shares to big investors. Let us tell you that QIP is a way for listed companies to raise capital without completing the legal paperwork.
The company fixed the floor price of Rs 3117.47 for QIP.
Adani Enterprises said in a filing to the stock market exchange on Wednesday that the company’s board of directors has fixed the floor price of Rs 3117.47 per share for the QIP issue. This issue has opened from Wednesday. The company has the discretion to offer a discount of up to 5 percent on the floor price. The preliminary planning document was finalized and approved at the crucial meeting of the Fund Raising Committee of the Company’s Board of Directors held on October 9.
The shares closed at Rs 3152.90 with a decline on Wednesday.
Let us tell you that on Wednesday, shares of Adani Enterprises closed at Rs 3152.90 with a decline of 0.42% (Rs 13.25). The company’s shares, which closed at Rs 3166.15 on Tuesday, opened with a slight fall on Wednesday at Rs 3165.00. During trading today, shares of Adani Enterprises touched an intraday high of Rs 3177.15 and an intraday low of Rs 3135.00.
The current market cap of the company is Rs 3,59,430.95 crore.
Shares of this Adani Group company are trading below their 52 week high. The 52 week high of Adani Enterprises shares is Rs 3743.00 and 52 week low is Rs 2142.30. According to BSE data, the current market cap of the company is Rs 3,59,430.95 crore.
