Adani Energy Solutions likely to launch Rs 6,000-cr QIP today at floor price of Rs 1,025 per share: CNBC-Awaaz

Adani Energy Solutions likely to launch Rs 6,000-cr QIP today at floor price of Rs 1,025 per share

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Adani Energy Solutions is likely to launch Rs 6,000-crore Qualified Institutional Placement (QIP) later on July 30, CNBC-Awaaz reported on July 30 citing sources.

Demand for the QIP has already crossed three times, the channel reported.

GQG, ADIA, Qatar Fund, US-based funds are likely investors in the QIP. Eastspring, White Oak, Nomura, Bandhan MF, Axis MF, IIFL are also likely to participate in QIP, reported CNBC-Awaaz.

Floor price is likely to be Rs 1,025 per share and maximum 5 percent discount will be allowed on the floor price.

Bankers advising Adani on the share sale are Nomura, SBI Capital Markets, and ICICI Securities.

At 2:30 pm on July 30, Adani Energy Solutions shares were trading 5.8 percent higher at Rs 1,112.55 apiece.

Last week, Adani Energy Solutions reported a 47 per cent yearly rise in its consolidated revenue from operations in the April-June quarter. The consolidated revenues were at Rs 5,379 crore, the company earnings data showed.

Adani Energy Solutions has reported a 47 per cent yearly rise in its consolidated revenue from operations in the April-June quarter. The consolidated revenues were at Rs 5,379 crore, the company earnings data released today showed.