Adani Energy’s $1-billion QIP subscribed over 6 times

August 1, 2024

Duquesne Family Office, Driehaus Capital Management, and Jennison Associates have invested in Adani Energy Solutions’ $1-billion qualified institutional placement. This marked their first venture into Indian equities. The oversubscribed QIP, attracting over ₹50,000 crore, will fund capital expenditure, smart meters, debt repayment, and other corporate needs.

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