Adani Enterprises' QIP sees healthy demand, Rs 4,200 crore raised through issue

Adani Enterprises has raised nearly Rs 4200 crore through a qualified institutional placement. The QIP saw significant demand, with bids exceeding four times the deal size. The funds will be utilized for capital expenditure, debt repayment, and general corporate purposes. The company's focus spans airports, roads, new energy ecosystems, and data centers.