New Delhi, July 8 -- Adani Enterprises shares traded largely flat after the Adani Group flagship announced the successful closure of its Rs.1,500 crore Qualified Institutions Placement (QIP). The company informed the stock exchanges that its QIP Committee approved the closure of the issue on July 7, 2026, after receiving application forms and funds in the escrow account from eligible qualified institutional buyers (QIBs).

As part of the fundraising, the company approved the allotment of 5,20,29,136 equity shares of face value Rs.1 each at an issue price of Rs.2,883 per share, including a premium of Rs.2,882 per share. The issue price reflects a 5% discount, or Rs.151.68 per share, to the floor price of Rs.3,034.68, determined in accordan...