Adani Energy launches QIP, sets floor price at Rs 1,698 per share

Adani Energy Solutions has launched a Qualified Institutional Placement (QIP) to raise up to Rs 10,000 crore, with the QIP Committee approving the issue opening on July 27 and setting a floor price of Rs 1,698 per share. The floor price is 0.3 percent lower than the closing price of Rs 1,708 on the NSE, and the company can offer up to a 5 percent discount under Sebi rules. The final issue price will be determined in consultation with book-running lead managers, and the preliminary placement document has been filed with the BSE and NSE.