Adani Energy Solutions shares dip over 3% after announcement of ₹3,500 crore QIP with green shoe option; check details

Adani Energy Solutions shares fell over 3%, hitting a day's low of Rs 1,644.60 on BSE, after the company formally launched a Qualified Institutional Placement (QIP) to raise Rs 3,500 crore with a green shoe option. The company is authorised to raise up to Rs 10,000 crore through this QIP route and plans to issue around 217 lakh shares at a floor price of Rs 1,698.15 per share, a 5.18% discount to Monday's close of Rs 1,703.30. Proceeds will be used for capital expenditure, loan repayment, acquisition funding and general corporate purposes, with SBI Capital Markets, ICICI Securities, IIFL Capital Services and Jefferies India appointed as book-running lead managers.