Adani Energy plans Rs 10,000-crore QIP fundraise

Adani Energy Solutions plans to raise up to Rs 10,000 crore through a Qualified Institutional Placement of equity shares with a face value of Rs 10 each. The company has called an extraordinary general meeting on July 25 to seek shareholder approval for the issuance. Separately, AESL recently signed a binding agreement to acquire a 100 percent stake in IntelliSmart Infrastructure for Rs 3,050 crore, and its stock closed about 2 percent higher at Rs 1,521.4 on the BSE.