Adani Enterprises Ltd.

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Adani Enterprises gets nod to raise funds up to Rs 16,600 crore

Date: 28-05-2024

Adani Enterprises has received approval for fundraise of not exceeding to Rs 16,600 crore by way of qualified institutional placement (QIP) or other permissible mode in one or more tranches and in accordance with the applicable laws, subject to the receipt of the necessary approvals including approval of the members at the ensuing Annual General Meeting of the Company scheduled to be held on June 24, 2024 and other regulatory / statutory approvals, as may be required. 

The Board of Directors of the Company at its meeting held on May 28, 2024 has approved the same. 

Adani Enterprises is the flagship company of Adani Group, one of India’s largest business organisations.