Adani Enterprises stock slips as QIP indicative price fixed at 9% discount, even as issue upsized to Rs 15,000 crore

Adani Enterprises stock slips as QIP indicative price fixed at 9% discount, issue upsized to Rs 15,000 crore

Adani Enterprises shares traded lower on Friday after the company upsized its qualified institutional placement (QIP) to Rs 15,000 crore from Rs 10,000 crore amid strong investor demand and fixed the indicative issue price at Rs 2,883 per share, a 9.3 percent discount to the previous closing price.

Adani Enterprises shares fell after QIP pricing.

QIP upsized to Rs 15,000 cr due to strong demand.

Indicative QIP price set at Rs 2,883 per share.

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