Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
- Posted on October 18, 2024
- By Business News Today
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Stock to Watch: Adani Enterprises shares in spotlight after raising Rs 4,200 crore via QIP
Adani Enterprises raised Rs 4,200 crore through a share sale to investors via a QIP. The sale attracted bids over 4.2 times the deal size from various investors. Proceeds will be used for capital expenditure, debt repayment, and general corporate purposes. Shares of the company dropped 3% on Thursday.
