Adani Enterprises raises $ 500 million via QIP

Mumbai: Adani Enterprises has raised $500 million through its qualified institutional placement (QIP) which opened on Wednesday, said people aware of the matter. The Adani Group flagship, however, decided against exercising a greenshoe option of an equivalent amount despite robust investor interest. The QIP saw an order book of more than $1.5 billion. It was launched with a base size of $500 million and a greenshoe option of another $500 million. The QIP attracted investors such as GQG Partners, Quant Mutual Fund, SBI General Insurance, SBI Life Insurance and HDFC Life Insurance along with a few ultra-high net worth individuals, the people said.The indicative floor price for the QIP was set at ₹2,962 per share. On Thursday, shares of Adani Enterprises closed 0.65% higher at ₹3,173.30 apiece on the BSE.Rajiv Jain-backed GQG Partners first bought a stake in Adani Enterprises by purchasing a 4.1% stake for ₹3,850 crore in March 2023. GQG subsequently invested in group companies…