Adani Energy Solutions launched a $1 billion qualified institutional placement, comprising a $700 million base deal and an option for an additional $300 million. Shares are priced at ₹976, a 13.24% discount. The funds will be used for subsidiaries’ capital expenditure, smart meters, debt repayment, and general corporate purposes. Key investors include international and domestic funds.
$20 billion of IPOs per year a new normal for India: JP Morgan
Initial public offerings worth USD 20 billion per annum are the “new normal” for India and will become an annualised run rate over the next