A clutch of foreign and domestic investors participated in the Adani Enterprises qualified institutional placement (QIP) issue that was open for a day, on Friday, sources aware of the details told ET.The investor mix included global names such as Capital Group, Goldman Sachs, BlackRock, Blackstone, and Nomura, said one of the sources.
On the domestic side, mutual funds, including HDFC MF, ICICI Prudential MF, Aditya Birla Sun Life MF, Kotak MF, Tata MF, SBI MF, and Motilal Oswal MF, also participated in the issue, said the source cited above.Adani Enterprises had initially launched a ₹10,000 crore QIP on July 2, with a greenshoe option of ₹5,000 crore.
The company's market capitalisation stood at about ₹3.71 lakh crore as of Friday's close.The proceeds from the QIP will be used to fund capital expenditure for scaling up its incubation businesses, repay debt, and support general corporate purposes.
This includes potential inorganic growth opportunities through acquisitions and strategic investments.The QIP followed Adani Enterprises' earlier placement in October 2024 and the ₹25,000 crore rights issue in the second half of FY26, which was executed in three tranches.Jefferies, SBI Capital Markets, ICICI Securities and IIFL Securities were the book-running lead managers to the issue.
